![]() | |
Predecessors | |
---|---|
Founded | 1954 |
The Studebaker-Packard Corporation is the entity created in 1954 by the purchase of the Studebaker Corporation of South Bend, Indiana, by the Packard Motor Car Company of Detroit, Michigan. While Studebaker was the larger of the two companies, Packard's balance sheet and executive team were stronger than that of the South Bend company.
In the spring of 1962, Studebaker-Packard reverted its name to "Studebaker Corporation". The following year, the South Bend plant was closed, while its Canadian plant in Hamilton, Ontario, continued to produce Studebaker cars until 1966. The South Bend plant would later be acquired by the Avanti Motor Company.
Studebaker Corp. merged with Worthington Corporation one year later. Studebaker-Worthington was a diversified American manufacturer operating the various business units of Studebaker, Wagner Electric and Worthington Corporation. The company was in turn acquired by McGraw-Edison in 1979. In 2008, the Studebaker and Packard trademarks were acquired by Silver Knight Group, Inc. In 2021, Silver Knight Group announced that they were forming a new Studebaker-Packard Corporation entity, aiming to revive the brand in 2025.
It was hoped that Packard would benefit from Studebaker's larger dealer network. Studebaker hoped to gain through the additional strength that Packard's cash position could provide. Once both companies stabilized their balance sheets and strengthened their product line, the original plan devised by Packard president James J. Nance and Nash-Kelvinator Corporation president George W. Mason was that the combined Studebaker-Packard company would join a combined Nash-Kelvinator Corporation and Hudson Motor Car Company in an all-new four-marque American Motors Corporation.
Had the complicated set of combinations gone through as planned, the new company would have immediately surpassed the Chrysler Corporation to become the third of America's "Big Three" automobile manufacturers. However, the sudden death of Mason in 1954 (succeeded by George W. Romney) and disputes over parts-sharing arrangements between the companies doomed any chance of completing the proposed merger. This failure to combine the companies effectively sealed the fates of all four, though American Motors survived until its own buyout by Chrysler in 1987.
Packard executives soon discovered that Studebaker had been less than forthcoming in all of its financial and sales records. The situation was considerably more dire than Nance and his team were led to believe; Studebaker's break-even point was an unreachable 282,000 cars at a time when the company had barely sold 82,000 cars in 1954. Furthering the new company's problems was the loss of about 30% of Studebaker's dealer network by 1956.[ citation needed ]
Studebaker-Packard tried a company reorganization in which Studebaker took the part of the volume and commercial car and truck seller from South Bend while Packard was to re-occupy the luxury market - one of Nance's targets since he took over Packard's presidency in 1952. The gap in between was filled by a new make, the Clipper. Technically, it was a lighter Packard, built in Detroit alongside the senior cars. The next generation of cars would have to be concentrated on one location, and there was a detailed program for sharing as much sheet metal as possible. Although Nance was presumably right, dealer resistance against the Clipper as a new entry in the intermediate field was big. [ citation needed ] Dealers complained that the only thing that allowed them to sell Clippers was the prestige, though declining, of the Packard name on the car itself.
Following a disastrous sales year in 1956, Nance resigned and Studebaker-Packard entered a management agreement with the Curtiss-Wright Corporation. [1] : p255 Curtiss, led by Roy T. Hurley, insisted on major changes. All of Studebaker-Packard's defense contracts and plants where defense work was carried out were picked up by Curtiss, Packard production in Detroit was stopped and all remaining automotive efforts were shifted to South Bend.
The Packards (for 1957 and 1958) were essentially Studebaker Presidents with a redesigned Front Clip using Packard Parts and redesigned interior and tail of the car also using Packard Parts. The vehicles were referred to as "Packardbakers". The final Packard rolled off the assembly line on July 25, 1958. That year, Studebaker instructed company personnel to sell their Packards and use only Studebakers. [1] : p255
Hurley was able to negotiate the distribution rights of the Mercedes Benz automobile brand in the USA exclusively owned by SP. Daimler Benz. The agreement was looked on as a necessity both for the income that Mercedes-Benz could add to the company's bottom line and as another product that the Studebaker dealer network could sell in the event that the company quit building its own cars.
Studebaker-Packard Corporation made numerous attempt at resurrecting the Packard nameplate. The Franco-American Facel-Vega four-door sedan, which was powered by a Chrysler V8 engine, would have been supplied the basis of a new Packard. Additional work was done with the Ford Motor Company to use the 1956 Lincoln Bodies that Ford was eliminating. Studebaker Corporation in 1965 sold back to Daimler Benz, Mercedes Benz of North America which was distributing Mercedes in the USA.
In 1960, the company began diversification efforts by buying:[ citation needed ]
In 1961 Sherwood Egbert was appointed company president. He was expected to help diversify the company. In the spring of 1962, four years after the last Packard car rolled off the assembly line, and eight years following the merger between Packard and Studebaker, the company dropped 'Packard' from its legal name, which returned to being 'Studebaker Corporation'.
The Mercedes-Benz Group AG is a German multinational automotive corporation headquartered in Stuttgart, Baden-Württemberg, Germany. It is one of the world's leading car manufacturers. Daimler-Benz was formed with the merger of Benz & Cie. and Daimler Motoren Gesellschaft in 1926. The company was renamed DaimlerChrysler upon the acquisition of American automobile manufacturer Chrysler Corporation in 1998, and was again renamed Daimler AG upon divestment of Chrysler in 2007. In 2021, Daimler AG was the second-largest German automaker and the sixth-largest worldwide by production. In February 2022, Daimler was renamed Mercedes-Benz Group as part of a transaction that spun-off its commercial vehicle segment as an independent company, Daimler Truck.
American Motors Corporation was an American automobile manufacturing company formed by the merger of Nash-Kelvinator Corporation and Hudson Motor Car Company on May 1, 1954. At the time, it was the largest corporate merger in U.S. history.
Studebaker was an American wagon and automobile manufacturer based in South Bend, Indiana, with a building at 1600 Broadway, Times Square, Midtown Manhattan, New York City. Founded in 1852 and incorporated in 1868 as the Studebaker Brothers Manufacturing Company, the firm was originally a coachbuilder, manufacturing wagons, buggies, carriages and harnesses.
Nash Motors Company was an American automobile manufacturer based in Kenosha, Wisconsin from 1916 until 1937. From 1937 through 1954, Nash Motors was the automotive division of the Nash-Kelvinator Corporation. As sales of smaller firms declined after 1950 in the wake of the domestic Big Three automakers advantages in production, distribution, and revenue, Nash merged with Hudson Motors to form American Motors Corporation (AMC). Nash automobile production continued from 1954 through 1957 under AMC.
The 1957 and 1958Packard lineup of automobiles were based on Studebaker models: restyled, rebadged, and given more luxurious interiors. After 1956 production, the Packard engine and transmission factory was leased to the Curtiss-Wright Corporation while the assembly plant on Detroit's East Grand Boulevard was sold, ending the line of Packard-built cars. However, Studebaker-Packard executives hoped to keep the Packard name alive until a fully restyled model could be funded, developed, and produced. These cars were built in hopes that enough would be sold to enable the company to design and build a completely new luxury Packard.
The tailfin era of automobile styling encompassed the 1950s and 1960s, peaking between 1955 and 1961. It was a style that spread worldwide, as car designers picked up styling trends from the US automobile industry, where it was regarded as the "golden age" of American auto design and American exceptionalism.
Studebaker of Canada Ltd. was the name given to Studebaker Corporation's Canadian manufacturing arm.
Ultramatic was the trademarked name of the Packard Motor Car Company's automatic transmission introduced in 1949 and produced until 1954, at Packard's Detroit, Michigan East Grand Boulevard factory. It was produced thereafter from late 1954, thru 1956 at the new Packard "Utica" Utica, Michigan facility.
The Packard Clipper is an automobile that was built by the Packard Motor Car Company for model years 1941–1942, 1946–1947 and 1953–1957. For 1956 only, Clipper was classified as a stand-alone marque. The Clipper was introduced in April 1941, as a mid-model year entry. It was available only as a four-door sedan. The Clipper name was re-introduced in 1953, for the automaker's lowest-priced lineup. By 1955, the Clipper models were seen as diluting Packard's marketing as a luxury automobile marque. It was named for a type of sailing ship, called a clipper.
Daimler-Motoren-Gesellschaft was a German engineering company and later automobile manufacturer, in operation from 1890 until 1926. Founded by Gottlieb Daimler (1834–1900) and Wilhelm Maybach (1846–1929), it was based first in Cannstatt. Daimler died in 1900, and their business moved in 1903 to Stuttgart-Untertürkheim after the original factory was destroyed by fire, and again to Berlin in 1922. Other factories were located in Marienfelde and Sindelfingen.
Richard Arthur Teague was an American industrial designer in the North American automotive industry. He held automotive design positions at General Motors, Packard, and Chrysler before becoming Vice President of Design for American Motors Corporation (AMC), and designed several notable show cars and production vehicles including AMC's Pacer, Gremlin, and Hornet models, as well as the Jeep Cherokee XJ and either designed or assisted in the designing of later cars for Chrysler such as the Jeep Grand Cherokee and Neon after American Motors' buyout.
The Facel VegaExcellence is a luxury saloon automobile produced by French manufacturer Facel Vega, that was unveiled at the Paris Auto Show in October 1956.
Beijing Benz is an automotive manufacturing company headquartered in Beijing, China, and a joint venture between BAIC Motor and Mercedes-Benz Group.
George Walter Mason was an American industrialist. During his career Mason served as the Chairman and CEO of the Kelvinator Corporation (1928-1937), Chairman and CEO of the Nash-Kelvinator Corporation (1937-1954), and Chairman and CEO of American Motors Corporation (1954).
James John Nance was an American industrialist who became president of the Studebaker-Packard Corporation. Later, he was chief executive of the Central National Bank of Cleveland, chairman of the executive committee of Montgomery Ward and chairman of the board of trustees of the Cleveland State University and a major property investor.
The Packard Proving Grounds, was a proving ground established in Shelby Charter Township, Michigan in 1927 by the Packard Motor Car Company of Detroit. It is listed in the National Register of Historic Places.
In the United States, the automotive industry began in the 1890s and, as a result of the size of the domestic market and the use of mass production, rapidly evolved into the largest in the world. The United States was the first country in the world to have a mass market for vehicle production and sales and is a pioneer of the automotive industry and mass market production process. During the course of the 20th century, global competitors emerged especially in the second half of the century primarily across European and Asian markets, such as Germany, France, Italy, Japan and South Korea. The U.S. is currently second among the largest manufacturers in the world by volume.
Smart is a German automotive marque. Smart Automobile Co., Ltd. is a joint venture established by Mercedes-Benz AG and Zhejiang Geely Holding Group in 2019 and aimed at producing Smart-badged cars in China to be marketed globally. The venture is headquartered in Ningbo. It produces small battery electric vehicles in their manufacturing plant in China, while previously the marque was known to produce microcars and subcompacts, primarily the Fortwo and Forfour, at Smartville in Hambach, Moselle, France and in the Revoz plant. Its distribution, marketing and aftersales activities in Europe are currently handled by smart Europe GmbH which is headquartered in Stuttgart, Germany.
Theodore Wells Pietsch II was an American automobile stylist and industrial designer who, with little formal education, managed to launch a career in automobile design that took him over a period of 38 years to nearly every major automobile company in the nation.