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.
Lexington (automobile)
The formation of the United States Automotive Corporation was announced by President Frank B. Ansted at the New York Auto Show on January 12, 1920. It was a $10 million merger with the Lexington, the Ansted Engineering Company, and Connersville Foundry Corporation, all from Connersville, plus the Teetor-Harley Motor Corporation of Hagerstown. 1920 marked the high point of Lexington production with over 6,000 built.