1978/1980 Vintage Light Up Hess Training Van in Original Box GMC Car Toy WORKS

Description

1978/1980 Vintage Light Up Hess Training Van in Original Box GMC Car Toy WORKS
This listing is for a Working (tested) Hess Training Van toy in its original box
Overall the item is in good condition. The right mirror has snapped off (see photos). Wheels and door work well. Still has the door handle (a lot of them get broken off!). The item requires two "C" sized batteries (not included). I have tested the item- it works greatHead and tail lights both turn on when the car has batteries in it and switched to "on" position (see photos). There is some minor stains/grime due to this object being previously used. With a little bit of love I'm sure it would clean up nicely. There is some discoloration to the plastic on the back of the truck (see photos). The battery compartment is fairly clean. I had to clean out some corrosion from a previous battery and was able to get most of it out. Overall the item is in great shape! I think it would make an excellent addition to any collection, or as a start to one!
Measures approx. 12" x 4" x 5"
The box is in good condition with normal shelfware due to age and storage of item. There is a small stain on one side of the box, however it is hard to see because it is right on top of one of the wheels and camouflage well.
From my research I believe that this training van was manufactured in 1978 but was not released until 1980.
Hess Oil History (from Wikipedia):
"In 1919, British oil entrepreneur
Lord Cowdray
formed
Amerada Corporation
to explore for oil in North America.
The firm was incorporated February 7, 1920, in Delaware as a holding company for its principal subsidiary, the
Amerada Petroleum Corporation
. The oil producer experienced growth during most of the 1920s, hitting a peak in 1926 with a net income of US.9 million. However, in the years leading to the
Great Depression, weakness in the oil markets contributed to sluggish profits. The aftermath of the market crash aggravated the unsteady oil industry. In the first quarter of 1930, the company experienced a minor loss. The early years of the Depression were a struggle against wavering demand and overproduction in some regions. Later into the 1930s, the financial forecast became more sanguine for Amerada.
In December 1941, the company reorganized by merging the holding company with the principal operating subsidiary, Amerada Petroleum Corporation, into a simplified operating company. The new entity also adopted the former subsidiary's name.
Robust postwar growth rocketed the company past US0 million in sales in 1955.
Hess Oil and Chemical, an oil refiner and marketer founded by
Leon Hess, acquired 10% of the company for US0 million in 1966 after the British government sold a stake it had amassed during
World War II. Albert Levinson became the senior vice president and designed the Hess logo. Hess and Amerada would announce plans for a merger in December 1968. Some Amerada stockholders led by Morton Adler criticized the arrangement as being too favorable for Hess. Adler argued Amerada's
oil reserves
would contribute the lion's share of assets for the proposed company, so Amerada stockholders should retain more control of the new company. Before the stockholder vote on the matter,
Phillips Petroleum, an integrated oil firm, approached Amerada with its own merger proposal, but the offer was declined in March. Still interested, Phillips nonetheless stated it would not carry out a
proxy fight
against the proposed Hess deal. Hess, fearing such a strategy, made a cash
tender offer
of US0 million for an additional 1.1 million shares of Amerada, which would double its holding in the company. The new shares would be employed in a May stockholder vote deciding the merger's fate. The vote took place amidst shareholder rancor that in addition to echoing Adler's arguments, objected to Amerada's financing of the recently completed tender offer. Hess planned to cancel the shares and the cost of the acquisition would be absorbed by the newly formed company. One shareholder at the meeting quipped, "It looks to me as if Hess is buying Amerada with Amerada's money." Proponents of the deal won, and the US.4 billion merger combining a purely production company with a refinery and marketer operation was completed. However controversy was not yet extinguished by the stockholder confirmation. A
class action
federal lawsuit in 1972 claiming the proxy vote information was misleading. In 1976, a court agreed that the company falsely claimed to have considered each company's assets as a reason for the merger.
In February 2000, Hess acquired the 51% shares of the
Meadville Corporation
it didn't already own, and rebranded all 178 Merit gas stations as Hess.
The Merit gas station chain were primarily in the Boston, New York, and Philadelphia markets.
In 2001, Amerada Hess purchased
Triton Energy Limited
in a cash tender deal valued at approximately US.2 billion. Triton, one of the largest independent oil and natural gas exploration and production companies in the U.S., had earned a reputation as a maverick oil company due to its highly successful yet potentially risky overseas exploration. According to Amerada Hess press releases at the time, Triton's major oil and gas assets in West Africa, Latin America, and Southeast Asia would strengthen its exploration and production business and give it access to long life international reserves. Hess also stated that the purchase was expected to immediately increase the company's per-day barrel output by more than 25 percent.
Also in 2001, Amerada Hess entered into a
joint venture
with
A.T. Williams Oil Co.
of
Winston-Salem, North Carolina. The company and its gas stations were called
WilcoHess. Eventually, there were 1200 WilcoHess stations.
Following on the heels of the Triton purchase, energy prices fell and global economies weakened. Amerada Hess struggled through the following years, posting a US8 million loss in 2002 due primarily to a US0 million charge relating to its write-down of the Ceiba oil field, but then posting steadily increasing profits from 2003 through 2006, when the company posted US.920 billion in net income.
In May 2006, Amerada Hess Corp. changed its name to Hess Corp.
On January 18, 2012 the company announced that it would close the
Hovensa
refinery in
St. Croix,
United States Virgin Islands
by mid-February 2012. The refinery will then serve as a storage terminal.
Hess permanently closed its
Port Reading, New Jersey
petroleum refinery by the end of February 2013: Gas prices had risen to their highest levels since October 2012 and Hess said it will lay off 170 of 217 employees at the plant, exit the refinery business and seek a buyer for its 19 storage terminals. It will focus on exploration and production.
A Hess press release
announces the company's plans for "Fully exiting the Company's downstream businesses, including retail, energy marketing, and energy trading."
]
there is no link between the rise in gas prices after the announcement of the closing of the Woodbridge (Port Reading) NJ facility. The output of that facility was more geared to the aviation and specialty fuels markets and not automotive grade products.
On March 4, 2013 Hess announced that it would sell its domestic refineries and retail operations. The
New York Times
also reported that Hess retail and refinery operations contributed about 4 percent of the company's revenue. It also noted that Hess will sell its holdings in Indonesia and Thailand.
The company will focus exclusively on oil production, following a recent trend in the oil industry for companies to spin off their
downstream
assets and focus on their more profitable
upstream
business;
ConocoPhillips
and
Marathon Oil
have also made similar spinoffs in recent years with
Phillips 66
and
Marathon Petroleum, respectively.
In April 2013, Hess Corp announced it would be selling its Russian unit to
Lukoil
for .05 billion. In July 2013, Hess Corp said it would sell its energy marketing unit to UK firm
Centrica
for around .03 billion.
Hess Corp announced in October 2013 that it was planning on selling its East Coast and St.Lucia storage terminal network to Buckeye Partners LP for 0 million.
Hess Corp announced in December 2013 that it is selling its Indonesian assets to an Indonesian petroleum consortium.
On January 8, 2014, Hess filed for a tax-free spin-off of its gas station network. The newly formed company was to be known as Hess Retail and would include over 1,200 stores throughout the Eastern United States.
Before completing the spin-off, Marathon Petroleum subsidiary
Speedway LLC
announced on May 22, 2014 that it would acquire the retail unit of Hess Corp for .87 billion. Following the closure of the acquisition in late 2014, all Hess gas stations were rebranded as Speedway gas stations by the end of 2017. The transaction completed the transformation of Hess into an energy company focused solely on exploration and production, effectively reversing the Amerada merger almost 50 years prior."
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