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.
Arthur C. Newby
Arthur Newby founded with Charles Test and others National Motor Vehicle Company, a National car won the second Indianapolis 500 in 1912, and that involvement with the automobile industry led to his partnership with old cycling friends in the Speedway and his involvement with Empire Motor Car Company. His interests in National Automobile were sold to a New York corporation in 1916 and renamed National Motor Car and Vehicle Corporation. Afterward he spent much of his time in Florida where he was involved in projects with Carl Fisher and James Allison.