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Kelvinator consumer products, before and after the merger with Nash, were considered an upmarket brand of household appliances. In 1954, Nash-Kelvinator acquired Hudson Motor Car Company of Detroit, Michigan, in what was called a mutually beneficial merger that formed the American Motors Corporation. It was the largest corporate consolidation ...
The Nash-Kelvinator/Hudson deal was a straight stock transfer (three shares of Hudson listed at 11 + 1 ⁄ 8, for two shares of American Motors and one share of Nash-Kelvinator listed at 17 + 3 ⁄ 8, for one share of American Motors) and finalized in the spring of 1954, forming the fourth-biggest auto company in the U.S. with assets of US$355 ...
Share of the Nash Motors Company, issued 2 June 1919. Nash Motors Company was an American automobile manufacturer based in Kenosha, Wisconsin from 1916 until 1937. From 1937 through 1954, Nash Motors was the automotive division of Nash-Kelvinator.
The Sligh Furniture Company Building, also known as the Nash-Kelvinator Corporation Plant No. 15, is a former factory located at 211 Logan Street SW in Grand Rapids, Michigan. It was listed on the National Register of Historic Places in 2023. [1]
George Walter Mason (March 12, 1891 – October 8, 1954) was an American industrialist. During his career Mason served as the chairman and CEO of the Kelvinator Corporation (1928–1937), chairman and CEO of the Nash-Kelvinator Corporation (1937–1954), and chairman and CEO of American Motors Corporation (1954).
Nash gave up the presidency in 1932, but remained board chairman. Nash wanted George W. Mason as his executive vice president, and to have Mason, he had to buy Kelvinator, a leading manufacturer of refrigerators. [20] After twenty years of success in running his company, Nash turned it over in 1937 and the merged company was renamed Nash ...
Nash's exclusive "remarkable advance" was not only the "sophisticated" unified system, but also its US$345 price was significantly less than all the other systems. [18] The optional air conditioning system offered by Oldsmobile cost $199 more, and it weighed twice as much as the integrated Nash unit that added only 133 pounds (60 kg).
In 1954, Nash Kelvinator acquired Hudson in a friendly merger. The resulting company, American Motors Corporation (AMC), continued operation until Chrysler acquired it in 1987. Chapin's son, Roy D. Chapin Jr. , served as chairman and chief executive officer of AMC and led the automaker to the acquisition of Kaiser Jeep Corporation in 1970.