Word: packard
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...first full fiscal year since the Nash-Hudson merger, the balance sheet showed it. In the year ending Sept. 30, American lost $6,956,425. Stockholders found some cheer in the fact that it was only about half the 1954 losses (and it was well below Studebaker-Packard's $19,301,513 loss for 1955's first nine months). And 88% of American's 1955 losses came in the first six months, before savings made from the consolidation of Nash and Hudson...
...company's big expenses is buying V-8 engines from Packard for Hudson Hornets and Nash Ambassadors. Early next year American will put into production its own $10 million, V-8 engine plant further cut costs...
...Tender Mouth. Reporters began firing questions. Ike said he thought Tony was a gift from Packard "Dan" Hendrickson, brother of New Jersey's former Senator Robert C. Hendrickson. But the cart's origin stumped him. Observed David, "I think it came from Texas." (It came from an anonymous friend of Ike's in New York...
...going-away look is dominated by higher, longer rear fenders (now known as "fins," and "air foils") ending in aquiline beaks that sniff disdainfully off into space like ships' figureheads in reverse. The fender line in many new cars, e.g., Cadillac, Plymouth, Chevrolet and Studebaker-Packard's Clipper, was borrowed from the shape of swept-wing aircraft to give autos a jet-propelled look. Cadillac, which has long built taillights into the fenders, now houses them in circular openings that project like twin exhaust pipes above the real exhaust vents. The most complicated rear end appears...
...Packard boosted horsepower from 275 to 310, making its engine the most powerful yet announced. Other features: electric pushbutton shifting, a new nonslip differential for better traction...