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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.
The 1957 and 1958 Packard lineup of automobiles were based on Studebaker models: restyled, rebadged, and given more luxurious interiors. After 1956 production, the Packard engine and transmission factory was leased to the Curtiss-Wright Corporation while the assembly plant on Detroit's East Grand Boulevard was sold, ending the line of Packard-built cars.
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.
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 ...
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 ...
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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 ...
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.