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American Motors
American Motors Corporation (AMC; commonly referred to as American Motors) was an American automobile manufacturing company formed by the mergers and acquisitions, 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. American Motors' most similar competitors were those automakers that held similar annual sales levels, such as Studebaker, Packard, Kaiser Motors, and Willys-Overland. Their largest competitors were the Big Three (automobile manufacturers), Big Three—Ford Motor Company, Ford, General Motors, and Chrysler. American Motors' production line included Compact car, small cars—the Rambler American, which began as the Nash Rambler in 1950, AMC Hornet, Hornet, AMC Gremlin, Gremlin, and AMC Pacer, Pacer; intermediate car, intermediate and full-size car, full-sized cars, including the AMC Ambassador, Ambassador, Rambler Classic, AMC Rebel, Rebel, and AMC Matador, Matador; musc ...
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Jeep-Eagle
Jeep-Eagle was the name of the automobile sales division created by the Chrysler, Chrysler Corporation after the United States dollar, US$2 billion takeover of American Motors Corporation (AMC) in 1987. The division marketed a variety of vehicles until 1997. The division focused on the commercialisation of Jeep and Eagle (automobile), Eagle brands of vehicles. History The Jeep-Eagle Division consisted mostly of what was left of American Motors after its acquisition by Chrysler. The first group vice president was Joseph E. Cappy, who previously held the post of AMC president and chief executive officer. The new organization was responsible for continuing the promotion, sales, and product engineering for Jeep and the remaining AMC vehicles, most notably the AMC Eagle, Eagle model. It was a method to absorb nearly 1,200 American Motors dealers into Chrysler's distribution system and have them "meet stronger quality standards". The new division gave Chrysler three dealer organizat ...
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Dick Teague
Richard Arthur Teague (December 26, 1923 – May 5, 1991) 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). Teague designed several notable show cars and production vehicles, including the Packard Executive, many AMC models, such as the AMC Pacer, Pacer, AMC Gremlin, Gremlin, and AMC Hornet, Hornet, as well as the Jeep Cherokee (XJ), Jeep Cherokee XJ. After Chrysler bought American Motors in 1987, he also designed or assisted in styling later automobiles, such as the Jeep Grand Cherokee (ZJ), Jeep Grand Cherokee ZJ and the Dodge Neon, Neon. Early life Teague's mother worked in the motion picture industry during the silent movie era. At five years of age, Teague appeared in five episodes of ''Our Gang'', playing the role of Dixie Duval, a girl. When he was six, he was seriously injured in a car ac ...
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Willys-Overland
Willys (pronounced , "Willis") was a brand name used by Willys–Overland Motors, an American automobile company, founded by John North Willys. It was best known for its design and production of World War II–era military jeeps (MBs), Willys M38 and M38A1 military jeeps as well as civilian versions (Jeep CJs), and branding the 'jeep' military slang-word into the '(Universal)Jeep' marque. History Early history In 1908, John Willys bought the Overland Automotive Division of Standard Wheel Company and in 1912 renamed it Willys–Overland Motor Company. From 1912 to 1918, Willys was the second-largest producer of automobiles in the United States after Ford Motor Company. In 1913, Willys acquired a license to build Charles Yale Knight's sleeve-valve engine, which it used in cars bearing the Willys–Knight nameplate. In the mid-1920s, Willys also acquired the F. B. Stearns Company of Cleveland and assumed continued production of the Stearns-Knight luxury car, as ...
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Packard
Packard (formerly the Packard Motor Car Company) was an American luxury automobile company located in Detroit, Michigan. The first Packard automobiles were produced in 1899, and the last Packards were built in South Bend, Indiana, in 1958. One of the "Three Ps" – alongside Peerless Motor Company and Pierce-Arrow – the company was known for building high-quality luxury automobiles before World War II. Owning a Packard was considered prestigious, and surviving examples are often found in museums and automobile collections. Packard vehicles featured innovations, including the modern steering wheel, air-conditioning in a passenger car, and one of the first production 12-cylinder engines, adapted from developing the Liberty L-12 engine used during World War I to power warplanes. During World War II, Packard produced 55,523 units of the two-stage/two-speed supercharger equipped Merlin V-12s engines under contract with Rolls-Royce. Packard also made the versions of the Li ...
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Studebaker
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. Studebaker entered the automotive business in 1902 with electric vehicles and in 1904 with gasoline vehicles, all sold under the name "Studebaker Automobile Company". Until 1911, its automotive division operated in partnership with the Arthur Lovett Garford, Garford Company of Elyria, Ohio, and after 1909 with the E-M-F Company and with the Flanders (automobile company), Flanders Automobile Company. The first gasoline automobiles to be fully manufactured by Studebaker were marketed in August 1912. Over the next 50 years, the company established a reputation for quality, durability and reliability. After an unsuccessful 1954 ...
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Nash-Kelvinator Corporation
Nash-Kelvinator Corporation was the result of a merger in 1937 between Nash Motors and Kelvinator Appliance Company. The union of these two companies was brought about as a result of a condition made by George W. Mason prior to his appointment as CEO of Nash. The company manufactured cars and refrigerators as well as aeronautic components and helicopters during World War II. In 1954, the company merged with Hudson Motors to form American Motors Corporation (AMC). History The founder of Nash Motors, Charles W. Nash, now serving as chair of the board, wanted George W. Mason for his expertise as a production engineer for several car manufacturers before being appointed president of Kelvinator in 1928. To have Mason, Nash had to buy Kelvinator, a leading manufacturer of refrigerators. The merged company began on 2 January 1937 with no debt and $50 million in cash assets. Mason then served as president of Nash-Kelvinator until 1954 when the firm merged with Hudson Motors. Nash-K ...
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Mergers And Acquisitions
Mergers and acquisitions (M&A) are business transactions in which the ownership of a company, business organization, or one of their operating units is transferred to or consolidated with another entity. They may happen through direct absorption, a merger, a tender offer or a hostile takeover. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position. Technically, a is the legal consolidation of two business entities into one, whereas an occurs when one entity takes ownership of another entity's share capital, equity interests or assets. From a legal and financial point of view, both mergers and acquisitions generally result in the consolidation of assets and liabilities under one entity, and the distinction between the two is not always clear. Most countries require mergers and acquisitions to comply with antitrust or competition law. In the United States, for example, the Cl ...
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Rambler (automobile)
Rambler is an automobile brand name that was first used by the Thomas B. Jeffery Company between 1900 and 1914. Charles W. Nash bought Jeffery in 1916, and Nash Motors reintroduced the name to the automobile marketplace from 1950 through 1954. The "Rambler" trademark registration for use on automobiles and parts was issued on 9 March 1954 for Nash-Kelvinator. Nash merged with the Hudson Motor Car Company to form American Motors Corporation (AMC) in 1954. The Rambler line of cars continued through the 1969 model year in the United States and 1983 in international markets. Rambler cars were often nicknamed the "Kenosha Cadillac" after the original location and their most significant place of manufacture in the city of Kenosha, Wisconsin. Rambler 1897–1914 The first use of the name Rambler for an American-made automobile dates to 1897 when Thomas B. Jeffery of Chicago, Illinois, builder of the Rambler bicycle, constructed his prototype automobile. After receiving positiv ...
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Jeep
Jeep is an American automobile brand, now owned by multi-national corporation Stellantis. Jeep has been part of Chrysler since 1987, when Chrysler acquired the Jeep brand, along with other assets, from its previous owner, American Motors Corporation (AMC). Jeep's current product range consists solely of sport utility vehicles—both crossovers and fully off-road worthy SUVs and models, including one pickup truck. Previously, Jeep's range included other pick-ups, as well as small vans, and a few roadsters. Some of Jeep's vehicles—such as the Grand Cherokee—reach into the luxury SUV segment, a market segment the 1963 Wagoneer is considered to have started. Jeep sold 1.4 million SUVs globally in 2016, up from 500,000 in 2008, two-thirds of which in North America, and was Fiat-Chrysler's best selling brand in the U.S. during the first half of 2017. In the U.S. alone, over 2400 dealerships hold franchise rights to sell Jeep-branded vehicles, and if Jeep were spun off i ...
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Beijing Benz
Beijing Benz Automotive Co., Ltd. is an automotive manufacturing company headquartered in Beijing, China, and a joint venture between BAIC Motor and Mercedes-Benz Group. It was initially established in January 1984 as a joint venture with BAIC Motor of Beijing, China, and American Motors Corporation (AMC) of Michigan, USA; therefore named Beijing Jeep Corporation (). It was the first Chinese auto-making joint venture with a Western partner. The joint venture was unaffected by Chrysler's acquisition of AMC in 1987, Chrysler's merger with German automaker Daimler-Benz AG in 1998, and continued after DaimlerChrysler Corporation sold its Chrysler division to Cerberus in 2007. History The history of this company goes back to Beijing Jeep Corporation (BJC), which was the first Sino-foreign automobile joint venture in China. It became a prototype for future cooperative projects and BJC became a test case revealing problems, both political and economic, that would appear for other in ...
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Wheel Horse
Wheel Horse was a manufacturer of outdoor and garden power equipment, including lawn and garden tractors. The company's headquarters were in South Bend, Indiana, USA. History The business was started in the two-car garage of Elmer Pond in 1946. Pond began building two-wheel, self-propelled "Walk-Away" garden tractors that were sold under the Pond name. Due to a naming conflict with another company, the company's name was changed to Wheel Horse. The name not only evokes tractors generally (doing tractive work with wheels) but also the connotation of a steady, dependable worker (wheelhorse). Pond's son Cecil Elwood Pond continued to develop and market the company's products. The framework was typically simple angle or channel iron and various surplus motorcycle and automotive parts were used. In 1947, a four-wheel tractor, the "Ride-Away" model was introduced for garden use. It was also made from crude parts and without a hood for easy service access. The demand for garde ...
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Shinjin Motors
Shinjin Motors or Sinjin Motors (, ) is a defunct South Korean car manufacturer. A related bus manufacturer called "Shinjin Bus Manufacturing Company" was founded in 1955 as an independent company. It is now a part of Daewoo Bus, Daewoo Bus Corporation. History The Shinjin Industrial Company began as a parts producer in 1954, branching into the automotive field in 1958 as a rebuilder for the U.S. Army, with actual assembly commencing in 1962.Odaka (1983), p. 290. The Government of South Korea enacted the "Automotive Industry Promotion Law" in 1962.Keller, Samuels (2003), p. 116–117. Under this legislation, the importation of assembled automobiles was outlawed; subsidies were made available to assemblers who were also afforded tariff exemption on the importation of parts.Catalan (2007), p. 3. Responsibility for deciding which firms would be authorized to undertake automobile manufacturing was held by the Minister of Trade and Industry, who at the time opted to appoint just ...
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