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.
Automotive Hall of Fame
The Automotive Hall of Fame was founded on October 18, 1939 in New York City by a group called the "Automobile Old Timers." Its original mission was to perpetuate the memories of early automotive pioneers and to honor people from all parts of the auto industry worldwide. For its first three decades, The Automotive Hall of Fame had four name changes. Its second iteration was "Automotive Old Timers" adopted in 1957 and intended to recognize its broader base, including automotive-related industries. In 1971 it became "The Automotive Organization Team." Finally, it became "The Automotive Hall of Fame" which resulted in greater growth.