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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.
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 ...
One of the last buildings left behind after the closure of Studebaker Corp. sits in the 600 block of South Lafayette Boulevard Wednesday, Nov. 29, 2023, in South Bend. Known as Building 84, it now ...
As a young reporter for The Tribune, Colwell broke the story Dec. 9, 1963, that the Studebaker Corp. would cease auto production in South Bend.
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. [14]
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Studebaker was acquired by Wagner Electric, which in turn was merged with Worthington Corporation to create Studebaker-Worthington. [26] The merger was completed in November 1967, creating a company with $550 million of assets. [27] The former chairman of Worthington, Frank J. Nunlist, was appointed president and chief executive officer. [25]