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.
Byron Carter
In 1905, Carter found financial backing from Detroit for the Cartercar and relocated the company to Pontiac, Michigan. The Cartercar Company attracted the attention of William C. Durant, co-founder of General Motors. Durant liked the car’s friction drive, and thought Cartercar would have a great future, and so General Motors bought the company on October 26, 1909. But by 1910, Durant was ousted from GM. When the Cartercar failed to meet Durant’s sales predictions, GM limited production and discontinued the Cartercar after the 1916 model. GM converted the factory to production of Oaklands and the Cartercar name was automotive history.