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The 1957 and 1958 Packard lineup of automobiles were based on Studebaker models: restyled, rebadged, and given more luxurious interiors. After 1956 production, the Packard engine and transmission factory was leased to the Curtiss-Wright Corporation while the assembly plant on Detroit's East Grand Boulevard was sold, ending the line of Packard-built cars.
The National Packard Museum located in Warren, Ohio is the official museum of both the original Packard Motor Car Company and The Packard Electric Company. [68] Its purpose is to preserve the Packard legacy and recognize Packard's influence in transportation and industrial history through interaction with the community and outreach programs.
The Studebaker-Packard Corporation is the entity created in 1954 by the purchase of the Studebaker Corporation of South Bend, Indiana, by the Packard Motor Car Company of Detroit, Michigan. While Studebaker was the larger of the two companies, Packard's balance sheet and executive team were stronger than that of the South Bend company.
It had been a record year for sales in 1955 with the industry selling almost 8 million automobiles, but this extraordinary surge in sales served to reduce demand in the following few years. Sales had declined to 6.1 million in 1957 and just 4.3 million by 1958, making 1958 the worst year for auto sales since World War II.
In addition, Studebaker's police-package cars in 1958 were often Scotsmans with Commander and President V-8 engines. [citation needed] The Scotsman continued its success in 1958, outselling the Champion, Commander and President lines combined. The Scotsman proved that Studebaker need not attempt to follow the styling trends of the rest of the ...
Ironically, Romney had once been offered Nance's job. [12] In 1948, Romney received offers from Packard for the post of chief operating officer and from Nash for the number two position in the company. Although the Packard offer would have paid more, Romney decided to work under Mason because he thought Nash had a brighter future.
HP was founded way back in 1939, and Jobs admired the innovation that the company stood for back in his day, even saying he idolized Bill Hewlett and Dave Packard. Apple wouldn't be founded until ...
James John Nance (19 February 1900 – 21 July 1984) was an American industrialist who became president of the Studebaker-Packard Corporation.Later, he was chief executive of the Central National Bank of Cleveland, chairman of the executive committee of Montgomery Ward and chairman of the board of trustees of the Cleveland State University and a major property investor.
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