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.
A. E. Barit
Abraham Edward Barit (August 30, 1890 – July 14, 1974) was an American industrialist who served as the president and CEO of the Hudson Motor Car Company from 1936 to 1954 when Hudson merged with Nash Motors to form American Motors Corporation. Barit served on the board of AMC following the merger of the two automakers.