By the end of World War II, Packard was in excellent financial condition with assets of around $33 million, but several management mistakes became ever more visible as time went on. Like other US automobile companies, Packard resumed civilian car production in late 1945, labelling them as 1946 models by modestly updating their 1942 models. As only tooling for the Clipper was at hand, the Senior-series cars were not rescheduled. One version of the story is that the Senior dies were left out in the elements to rust and were no longer usable. Another long-rumored tale is that Roosevelt gave Stalin the dies to the Senior series, but the ZiS-110 state limousines were a separate design.