1950s American automobile culture
During the decade, many smaller manufacturers could not compete with the Big Three and either went out of business or merged. In 1954, American Motors was formed when Hudson merged with Nash-Kelvinator Corporation in a deal worth almost $200 million, the largest corporate merger in United States history at that time.
American Motors Corporation
"AM General" is now owned by MacAndrews & Forbes Holdings and the Renco Group. It was organized as an LLC in August 2004.