Word: utica
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Dates: during 1950-1959
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...Utica...
...Million for Now. For Studebaker the bait was equally tempting: $35 million in cash from Curtiss, enough to keep the company in business. Curtiss will buy all Studebaker's defense inventories (mostly jet engine parts), take a twelve-year lease on two plants at Utica, Mich, and South Bend, Ind. In addition, Studebaker's bank credit (it has already borrowed $29.8 million) will be raised to $45 million, thus giving it a total of $50 million for immediate needs...
RICHARD HENSCHKE Utica...
...Utica...
Into the Race. This fall, Packard will replace its ancient Detroit operation with two new plants as modern as any in the industry. The brand-new V-8 engine for Packard's 1955 cars will be made at a $47 million plant in Utica, Mich., ten miles outside Detroit; the bodies, formerly made by Briggs, will now be made by Packard itself at a plant recently leased from Chrysler, thus saving a substantial amount of money that otherwise would go to subcontractors...