Word: packards
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...first two months of 1956, G.M. increased its slice of the market to 55%. Chrysler's share in the same two months dropped from 17.1%, its 1955 average, to 15%; Ford's output slid from 28.2% to 25%. American Motors and Studebaker-Packard each clung to 2.5% of total production...
...newest pitch by automakers to lure customers into the showrooms. American Motors will give every Nash or Hudson buyer a $12,500 accident policy ($25,000 if both husband and wife die) on their lives while they are riding in one of the company's products. Studebaker-Packard will kick off a similar program; it will up the policy to $20,000 for buyers, but will not extend the insurance to the owner's spouse...
VOLKSWAGEN will cancel plans to manufacture its cars in the U.S. because of high U.S. production costs. It will sell the $4,000,000 assembly plant in New Jersey it bought recently from Studebaker-Packard Corp. Volkswagen still hopes to boost its 1956 U.S. sales...
Days at the Races. In Los Angeles, granted a divorce after she testified that her estranged husband neglected his family by spending so much time and money on his five cars (a 1924 Maxwell, a custom-built Pinard, a 1952 Willys, a 1953 Morgan, a 1954 Packard), Mrs. Edith Thompson moaned in court: "Your Honor, I'm a sports-car widow...
...Among members of the group: General Lucius D. Clay, now chairman of the board of Continental Can Co., Herbert Brownell, Attorney General of the U.S., Henry Cabot Lodge, U.S. delegate to the U.N., Thomas E. Dewey, New York attorney, Paul G. Hoffman, chairman of the board of Studebaker-Packard Corp...