Word: packard
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Dates: during 1950-1959
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STUDEBAKER-PACKARD merger with Oliver Corp. will bring S-P into the farm-equipment business. S-P proposes to buy Oliver for $83 million, giving Oliver stockholders 7/10 of a share of Studebaker-Packard for every share of Oliver, plus $15 per share in cash...
...General Motors, which had shut down its plants, began to call workers back to resume making parts. Ford put its operation on five days, and scheduled overtime on the Falcon, Thunderbird and Lincoln. (But Chrysler laid off more workers, stopped production of its Valiant.) With American Motors and Studebaker-Packard also operating five days, the industry's output for the week was 67,100 cars, up from 64,233 the week before. In midweek the year's production to date crossed the 5,000,000 mark...
...best position, but it has only enough steel to last into early December at reduced production rates. Chrysler, already operating on a four-day week, will probably have to shut down completely by late November. American Motors expects to continue at its present high production rate. Studebaker-Packard also hopes to get by without any cutbacks. General Motors is just about shut down; the company is short all types of steel, has laid off 200,000 production workers and closed down all lines except limited production of Buicks, Corvairs and G.M. trucks and buses. G.M. estimates that it will...
...Status Seekers, Packard...
...October totaled 86,244 units, or a hefty 16.4% of the overall auto market, compared to 5.6% in October 1958. Of that big new share, Chevrolet's Corvair, Ford's Falcon and Chrysler's Valiant carved out a 48.1% slice to challenge American Motors and Studebaker-Packard. In their first month U.S. compact cars outsold imported cars by nearly...