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...weeks the auto industry has been alive with rumors of a merger between Studebaker and Packard so that the two independents could compete better against the Big Three. This week directors of the two companies scheduled a meeting in Manhattan to close the deal, tie up a few loose ends, and pick a boss for their hopeful new company...

Author: /time Magazine | Title: AUTOS: Merger No. 3 | 6/28/1954 | See Source »

...effect, Packard will take over Studebaker. Packard President James J. Nance, 53, who has put new life into Packard, will take over as president of the new company. Studebaker's Board Chairman Paul Hoffman will become board chairman of Studebaker-Packard, and Studebaker's President Harold S. Vance chairman of the executive committee...

Author: /time Magazine | Title: AUTOS: Merger No. 3 | 6/28/1954 | See Source »

Some 40 local landowners turned over 100 acres to Packard's project; other villagers abandoned the idleness of the coffee shops to man picks & shovels for $1.50 a day; a small army of American tractors and bulldozers moved in to divert the course of the Sperchios River. In the midst of it all, usually coatless and with shirtsleeves rolled high, Walter Packard worked side by side with his Greek friends. In a few weeks, the dubious villagers who came down each evening at dusk to watch work on the newly flooded paddyfields were rewarded with the sight of tender...

Author: /time Magazine | Title: GREECE: The Winged Victory of Papou | 6/21/1954 | See Source »

...that time, all the people of Anthele plain had come to know Walter Packard as "Papou" (Grandfather). Children picked wildflowers for him. Church bells in all the villages rang when his familiar jeep was spotted bumping along the road from Athens. Even the road itself was renamed Packard in his honor. But Papou...

Author: /time Magazine | Title: GREECE: The Winged Victory of Papou | 6/21/1954 | See Source »

...Packard was not one to rest on laurels...

Author: /time Magazine | Title: GREECE: The Winged Victory of Papou | 6/21/1954 | See Source »

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