Studebaker Packard Worthington 2 Stock Certificate

Stock, Bond & Notes

Ultimate Studebaker Packard Worthington Stock Certificate Collection Set of 2. Studebaker-Packard Corporation. Studebaker-Worthington, Inc..2 original stock certificates. Attractive certificates with beautiful vignettes. Studebaker Corporation, was a United States automobile manufacturer based in South Bend, Indiana. Founded in 1852 and incorporated in 1868. Studebaker entered the automotive business in 1902 with electric vehicles and in 1904 with gasoline vehicles, all sold under the name "Studebaker Automobile Company". The first gasoline cars to be fully manufactured by Studebaker were marketed in August 1912. Over the next 50 years, the company established an enviable reputation for quality and reliability. The South Bend plant ceased production on December 20, 1963, and the last Studebaker car rolled off the Hamilton, Ontario, Canada, plant on March 16, 1966. Ballooning labor costs, quality control issues, and the new-car sales war between Ford and General Motors in the early 1950s. It negotiated a strategic takeover by Packard, a smaller but less financially troubled car manufacturer. However, the cash position was worse than it had led Packard to believe and, by 1956, the company, renamed Studebaker-Packard Corporation was nearly bankrupt, though it continued to make and market both Studebaker and Packard cars until 1958. The "Packard" element was retained until 1962, when the name reverted to "Studebaker Corporation". After 1966, Studebaker and its diversified units were acquired by Wagner Electric in 1967. Subsequently, Studebaker was then merged with the Worthington Corporation to form Studebaker-Worthington. The Studebaker name disappeared from the American business scene in 1979, when McGraw-Edison acquired Studebaker-Worthington. very good condition.

Item #16816

Price: $80.00