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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.
After an unsuccessful 1954 merger with Packard (the Studebaker-Packard Corporation) and failure to solve chronic postwar cashflow problems, the 'Studebaker Corporation' name was restored in 1962, but the South Bend plant ceased automobile production on December 20, 1963, [8] and the last Studebaker automobile rolled off the Hamilton, Ontario ...
The new model Nance hoped for was delayed until 1955, partially because of Packard's merger with Studebaker. Packard stylist Dick Teague was called upon by Nance to design the 1955 line, and to Teague's credit, the 1955 Packard was well received. Not only was the body completely updated and modernized, but the suspension was new, with torsion ...
The four-model Hawk range launched in 1956, mirrored the engine and trim levels of the sedans. There were two coupes; the Flight Hawk was a base model powered by Champion's obsolete and underpowered flathead straight-6 enlarged to 185.6 cubic inch; the Power Hawk used Studebaker's mid-level OHV 259 cu. in. with either 180 hp (130 kW) 2-bbl or 195 hp (145 kW) with a 4-bbl in (4.7 L) V8 from the ...
Studebaker employees emerge through Gate 1 on Sample Street at 3:30 p.m. Monday, Dec. 9, 1963, at the end of their shift shortly after company officials in New York City confirmed news stories ...
Low sales and financial difficulties led to a merger with Packard in 1954, itself in financial trouble. [11] The new company, Studebaker-Packard Corporation , retired the Packard name in July 1958, [ 12 ] [ 13 ] but continued marketing automobiles under the Studebaker name until 1966.
He came to head Studebaker via the Packard merger, as Packard owned the company Egbert worked for, McCullough Motors. McCullough Motors was a chainsaw manufacturer (now part of Husqvarna) and also ...
Studebaker-Worthington was a diversified American manufacturer created in 1967 through a merger of Studebaker Corporation, Wagner Electric and Worthington Corporation. The company was in turn acquired by McGraw-Edison in 1979.