Packard did NOT "go bust!" The worst automotive merger in the entire history of the automobile industry happened in 1954 when Packard bought Studebaker. Packard had plenty of cash on hand, and were a solvent company. Studebaker was drowning in red ink. Packard acquired Studebaker because they were too heavily invested in the upscale luxury car business. They wanted to add a more "blue collar" car line to their offerings to attract younger buyers. Somewhere along the line, the big shots decided to move the manufacturing to the Studebaker product. Due to a recession in 1958, the Packard name was dropped as a car line. Studebaker-Packard corporation continued on into the 1960s when Studebaker finally ran out of Packard money and their own poor business practices caught up with them.
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Today's Featured Article - New Life for an Old Allis - by Tyler Woods. My friend Jon, has an old '39 Allis Chalmers B. He thought it a marginal tractor that had long since served its time. She smoked terribly and never had much power but he couldn't afford another so he was limping along with what he had. Jon's Allis has a small front loader and though it doesn't carry much, it serves his needs. It was the hard starting and low power that made him think it was time to replace the old girl. Jon called me to help him discover why his tractor wouldn't start
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