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By 1960, one-sixth of working Americans were employed directly or indirectly by the industry, but automation and imports eroded the need for such a large workforce within a couple of decades. The 1950s were the pinnacle of American automotive manufacturing and helped shape the United States into an economic superpower. [3]
Tailfins gave a Space Age look to cars, and along with extensive use of chrome became commonplace by the end of the decade. 1950s American automobile culture has had an enduring influence on the culture of the United States, as reflected in popular music, major trends from the 1950s and mainstream acceptance of the "hot rod" culture. The American manufacturing economy switched from producing ...
The Nash-Kelvinator/Hudson deal was a straight stock transfer (three shares of Hudson listed at 11 + 1 ⁄ 8, for two shares of American Motors and one share of Nash-Kelvinator listed at 17 + 3 ⁄ 8, for one share of American Motors) and finalized in the spring of 1954, forming the fourth-biggest auto company in the U.S. with assets of US$355 ...
FCA and PSA Group merged in 2021 to form Stellantis. Dodge: Founded in 1914 and acquired by Chrysler in 1928. Jeep: Founded in 1941 by Willys-Overland, which merged with Kaiser Motors in 1953. Kaiser Industries divested its automotive business to AMC in 1970, itself acquired by Chrysler in 1987. Ram Trucks
A A Automobile Company (1910–1913) 'Blue & Gold, Red John, model Abbott-Detroit (1909–1918) Moved to Cleveland and renamed to 'Abbott' in 1917. Abeln-Zehr (1911–1912) Renamed to 'Zehr' after departure of S. Abeln in 1912. AC Propulsion (1997–2003) tzero model Apex Motor Car Company (1920–1922) Ace model Acme Motor Car Company (1903–1911) Adams Company (1905–1912) 'Adams-Farwell ...
However, the American auto industry reflected the post-war prosperity of the late-1940s and the 1950s. Cars grew in overall size, as well as engine size during the 1950s. The Overhead valve V-8 engine developed by GM in the late-1940s proved to be very successful and helped ignite the horsepower race, the second salvo of which was Chrysler's ...
By the end of the 1950s, the operation was known as Kaiser-Ilin, named after Efraim Ilin, the Israeli entrepreneur who had negotiated the Haifa plant deal with Hickman Price Jr., the nephew of Joseph P. Frazer. In 1959, Kaiser-Ilin reached an agreement to assemble six-cylinder Studebaker Larks in Haifa, to help potential buyers bypass stiff ...
A second-tier wage of $14.50 an hour, which applies only to newly hired workers, is lower than the average wage in non-union auto companies in the Deep South. [47] One of the benefits negotiated by the United Auto Workers was the former jobs bank program, under which laid-off members once received 95 percent of their take-home pay and benefits.