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.
Locomobile Company of America
The Locomobile Company of America was a pioneering American automobile manufacturer founded in 1899, and known for its dedication to precision in the pre-assembly-line era. It was one of the earliest car manufacturers in the advent of the automobile age. For the first two years after its founding, the company was located in Watertown, Massachusetts. Production was transferred to Bridgeport, Connecticut, in 1900, where it remained until the company's demise in 1929. The company manufactured affordable, small steam cars until 1903, when production switched entirely to internal combustion-powered luxury automobiles. Locomobile was taken over in 1922 by Durant Motors and eventually went out of business in 1929. All cars ever produced by the original company were always sold under the brand name Locomobile.