Maker of Matchbox cars dies
Posted: Sat Jun 04, 2005 10:00 am
Leslie Smith, founder, president, and longtime chief executive of
Matchbox Toys, has died at his home in North London at the age of
87.
The cars were introduced in 1953 and are still sold worldwide. They
were designed to fit in into a postwar era British matchbox, hence the
name. By 1962 the company was turning out over 50 million cars
a year- more, The New York Times reported "than all of the world's
major automobile producers combined".
In an interview Friday, the editor of Matchbox USA magazine said
that a rare Matchbox Dodge wreck truck sold on Ebay recently for
more than $9,000.
Matchbox Toys, has died at his home in North London at the age of
87.
The cars were introduced in 1953 and are still sold worldwide. They
were designed to fit in into a postwar era British matchbox, hence the
name. By 1962 the company was turning out over 50 million cars
a year- more, The New York Times reported "than all of the world's
major automobile producers combined".
In an interview Friday, the editor of Matchbox USA magazine said
that a rare Matchbox Dodge wreck truck sold on Ebay recently for
more than $9,000.