Decline
Perhaps unwisely, North British supplied many of its diesel and electric locomotives to BR at a loss, hoping to make up for this on massive future orders that never came. This and the continuing stream of warranty claims to cure design and workmanship faults proved fatal - North British declared bankruptcy on 19 April 1962. Because of the unreliability of its UK diesel and electric locomotives, all were withdrawn after comparatively short lifespans. The Atlas works site is now an industrial estate and the Hyde Park works site is now the campus of North Glasgow College.
Read more about this topic: North British Locomotive Company
Famous quotes containing the word decline:
“My opposition [to interviews] lies in the fact that offhand answers have little value or grace of expression, and that such oral give and take helps to perpetuate the decline of the English language.”
—James Thurber (1894–1961)
“But only that soul can be my friend which I encounter on the line of my own march, that soul to which I do not decline, and which does not decline me, but, native of the same celestial latitude, repeats in its own all my experience.”
—Ralph Waldo Emerson (1803–1882)
“Where mass opinion dominates the government, there is a morbid derangement of the true functions of power. The derangement brings about the enfeeblement, verging on paralysis, of the capacity to govern. This breakdown in the constitutional order is the cause of the precipitate and catastrophic decline of Western society. It may, if it cannot be arrested and reversed, bring about the fall of the West.”
—Walter Lippmann (1889–1974)