American automobile industry in the 1950s
In 1954, the smaller American Motors Corporation (AMC) was formed when Hudson merged with Nash-Kelvinator Corporation in a deal worth almost USD $200 million ($1.735 billion in 2013 dollars) the largest corporate merger in U.S. history at that time. Other mergers with smaller independent manufacturers followed. Although AMC was moderately successful it was never sufficiently large to challenge any of the Big Three, and was eventually bought by Chrysler in 1987.
Continental Motors Company
Continental Motors Company was an American manufacturer of internal combustion engines. The company produced engines as a supplier to many independent manufacturers of automobiles, tractors, trucks, and stationary equipment (such as pumps, generators, and industrial machinery drives) from the 1900s through the 1960s. Continental Motors also produced automobiles in 1932–1933 under the name Continental Automobile Company. The Continental Aircraft Engine Company was formed in 1929 to develop and produce its aircraft engines, and would become the core business of Continental Motors, Inc.