American Motors Corporation
In January 1954, Nash-Kelvinator Corporation began acquisition of the Hudson Motor Car Company (in what was called a merger). The new corporation would be called American Motors Corporation. (An earlier corporation with the same name, co-founded by Louis Chevrolet, had existed in New Jersey from 1916 through 1922 before merging into the Bessemer–American Motors Corporation.)
William C. Durant
Drawing on his experience in the carriage-making business 20 years earlier, Durant also assembled a collection of parts and components manufacturers into a new entity called United Motors Company, making Alfred P. Sloan of Hyatt Roller Bearing Company the president. It was made up of Hyatt Roller Bearing, New Departure Manufacturing, Dayton Engineering Laboratories (later Delco Electronics Corporation), Harrison Radiator Corporation, Remy Electric, Jaxon Steel Products, and Perlman Rim. In 1918, United Motors was sold to General Motors for $44,065,000. Sloan rose to president of GM in the 1920s, going on to build the company into the world's largest automaker.