Before Studebaker bought EMF, they really only had their toes wet in automobile world, producing just 1800-odd electric vehicles in 10 years and as well marketing vehicles produced by others, namely Garford and EMF. They actually owned no factories themselves that were capable of producing a gasoline-powered vehicle.
But finally, the vision of J. M. Studebaker's son-in-law, and company president Frederick Fish came to fruition. The Studebaker Brothers Manufacturing Company morphed into The Studebaker Corporation, borrowing money from J.P. Morgan to buy out EMF, become a publically traded company with new automotive facilities in Detroit, and set on a new course to retain their place as a major contender in the field of transportation manufacturing.
The question tonight is : WHAT DATE WAS THIS???
But finally, the vision of J. M. Studebaker's son-in-law, and company president Frederick Fish came to fruition. The Studebaker Brothers Manufacturing Company morphed into The Studebaker Corporation, borrowing money from J.P. Morgan to buy out EMF, become a publically traded company with new automotive facilities in Detroit, and set on a new course to retain their place as a major contender in the field of transportation manufacturing.
The question tonight is : WHAT DATE WAS THIS???
Comment