[Subscribe to Daily Digest] |
 | [Main General Bulletin Board | BBFAQ |
Prev by Date | Post Followup ]
Member Login / Signup - Members see fewer ads. - Latest Member Gallery Photos
NO, NO, NO. Packard was NEVER part of Chrysler Corp!!! Posted by RS [Email]  (#15)  [Profile/Gallery]
(more from RS) on Sat, 9 Feb 2002 12:32:26
In Reply to: no no no.... please read., Dinger, Fri, 8 Feb 2002 21:59:23 Members do not see ads below this line. - Help Keep This Site Online - Signup |
Packard and Studebaker merged. Chrysler had ****Nothing****, I repeat NOTHING, to do with Packard. Studebaker and Packard merged in '54.
PS: Packard's PB automatic used a COMPLETELY different system for shifting than Chrysler's. I've been inside both of them, TYVM.
I was a member of the Studebaker Drivers' Club for many years, and I'm fairly well versed in Studebaker/Packard history.
"May 7
1952 Nance vs. The Big Three
James J. Nance resigned form his position at Hotpoint to become the president and general manager of the Packard Motor Company. Nance would direct Packard successfully for two years. Under his direction, the small Detroit-based manufacturing firm tightened its books and invested in technological upgrades essential for postwar competition. However, even successful small firms like Packard were struggling to compete with the Big Three in the massive postwar market. Consequently, in 1954 Packard agreed to merge with the much larger Studebaker Corporation. Together, Packard-Studebaker comprised the fourth largest car manufacturing company in the country. Paul Hoffman, Studebaker's president, believed that Packard would bolster floundering Studebaker by supplying it with well-respected cars in the profitable high-price range where Studebaker struggled most. He also believed that the young and aggressive Nance could help turn his company around. The merger was a complicated one, however, as Studebaker laborers blocked the process, unwilling to re-negotiate their labor contracts. Eventually, though, the deal went through in October of 1954. Hoffman named Nance president of the new company. Nance immediately set to work implementing the same policies he'd implemented at Packard. He reversed Hoffman's existing policies regarding car design and labor relations, and he generally ignored the input of his new partners. The result was predictable: the changes failed to reverse Studebaker-Packard's fortune. Nance blamed Hoffman and the rest of the Studebaker executives. In 1956 the whole kit and kaboodle was sold again to the Curtiss-Wright Aircraft Company. "
Also take a look at this site, 7th and 8th paragraph down:
http://www.indiana.edu/~rcapub/v17n3/timeline/1950s.html
"Auto company mergers, since the end of World War 11, have been rare and isolated events in automotive history.
This is the biggest year for auto company mergers since 1954 when Nash-Kelvinator Corp. and Hudson Motor Car Co. formed American Motors Corp., and Studebaker Corp. and Packard Motor CarCo. teamed up to create Studebaker-Packard Corp."
posted by 66.21.1...
http://www.iaat-online.com/MayHistory.html
, Sat, 9 Feb 2002 13:26:55
, Sat, 9 Feb 2002 02:23:23, Fri, 8 Feb 2002 14:03:00, Fri, 8 Feb 2002 15:42:37, Fri, 8 Feb 2002 10:09:05, Fri, 8 Feb 2002 12:02:48, Fri, 8 Feb 2002 13:30:34, Fri, 8 Feb 2002 13:26:58, Sat, 9 Feb 2002 12:32:26 <-- Viewing This Message, Sat, 9 Feb 2002 22:45:39
, Thu, 7 Feb 2002 19:20:40, Fri, 8 Feb 2002 08:36:51
No Site Registration is Required to Post - Site Membership is optional (Member Features List), but helps to keep the site online
for all Saabers. If the site helps you, please consider helping the site by becoming a member.
 |
 |
 |
 |
 |
