Word: independent
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Dates: during 1950-1959
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...begin with, Packard and Studebaker will have about 3% of the total auto mar ket. The big question is whether the new company will be big enough to compete successfully against the Big Three. Roaring along at full speed, the giants have pulled even farther ahead of the independ ents this year. General Motors now has 48% of the market, Ford 31%, Chrysler 15%-a total of 94%. Around Detroit last week, the talk is of still another merger eventually. This time auto experts believe it will be between Studebaker-Packard and the newly formed American Motors (Nash and Hudson...
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