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Packard executives soon discovered that Studebaker had been less than forthcoming in all of its financial and sales records. The situation was considerably more dire than Nance and his team were led to believe; Studebaker's break-even point was an unreachable 282,000 cars at a time when the company had barely sold 82,000 cars in 1954.
Worthington was financed by the Vanderbilt fortune. [3] In 1904 Horseless Age Magazine reported that the leaders of the Worthington Automobile Company, had purchased the rights and property of the Berg Automobile Company. The Berg company would retain its name. The Worthington company would sell the 18-horsepower Berg under the name of the Meteor.
DETROIT (Reuters) -U.S. automakers Ford Motor and General Motors will donate $1 million each, along with vehicles, to U.S. President-elect Donald Trump's January inauguration, company ...
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Worthington was laid out on a tract of land called Mt. Lorenzo by Judge James Barr in 1843–1844. He chose the location due to the nearby junction of two important early stage coach routes, the east–west route from Indiana, Pennsylvania, to Butler, and the north–south route from Freeport to Emlenton. It was incorporated as a borough in 1855.