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Tag: 1954

October 29, 1954 – The last true Hudson leaves the factory
This Day

October 29, 1954 – The last true Hudson leaves the factory

1954 Hudson Jet The last true Hudson left the assembly line on this day in 1954 following the May 1, 1954 merger with Nash to form American Motors. The name Hudson would live on for three more production years as rebadged Nashes, the last of those leaving the factory on June 25, 1957. The first Hudson car factory. Mack and Beaufait Avenues, Detroit, 1909, The founding of Hudson occurred on February 20, 1909 by eight Detroit businessmen. They received financing for the company from Joseph L. Hudson, a department store entrepreneur, which led to the name. Hudson set a record for most cars sold in an automaker’s first full year of production at 4,508, putting it in 17th place in the industry for sales at the time. A high placement considering the huge number of automakers in busines...
January 19, 1954 – GM’s $1 billion investment
Business

January 19, 1954 – GM’s $1 billion investment

On this day in 1954 General Motors announced a $1 billion investment into the expansion of their auto industry. GM was founded in 1908 as a holding company and quickly acquired brands such as Oldsmobile, Oakland, and others, including Chevrolet in 1916. The growth helped GM become the largest automotive business in terms of  in the early part of the century. Their 1954 investment was geared toward overall expansion of their numerous brands, including Cadillac, Chevrolet, and Buick. Their investments led to some models that are cherished through the ages including the Tri-Five Chevrolets.

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