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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.
New York Life Insurance Company: 1845 Omaha Country Club: 1899 Omaha Public Power District: 1946 Omaha World-Herald: 1885 Founded in 1885 by Gilbert M. Hitchcock as the Omaha Evening World. It was absorbed by George L. Miller's Omaha Herald in 1889. Peter Kiewit Sons: 1884 Packaging Corporation of America: 1959 Physician's Mutual Insurance ...
A new company was established named Worthington-Weir for American pump manufacture. [15] [b] In 1973, Studebaker-Worthington reached sales of $1 billion. [17] In 1974, MLW-Worthington arranged to sell 25 locomotives to Cuba for $15 million. Studebaker-Worthington required a permit under the Trading with the Enemy Act, which was denied.
During Studebaker’s and South Bend’s growth in the late 19th and early 20th centuries, the company recruited workers from overseas, helping to fill the city’s ethnic neighborhoods, Beckman said.
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 ...
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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In July 1954, Packard acquired Studebaker to form Studebaker-Packard Corporation. [36] However further talks of a merger between AMC and Studebaker-Packard were cut short when Mason died on October 8, 1954. A week after his death, Mason's successor, George W. Romney, announced "There are no mergers under way either directly or indirectly". [37]
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