Studebaker Goes Bankrupt

                                                                  STUDEBAKER HISTORY On this day in 1933, American automaker Studebaker, then heavily in debt, goes into receivership.  The company’s president, Albert Erskine, resigned and later that year committed suicide. Studebaker eventually rebounded from its financial troubles, only to close its doors for the final time in 1966. The origins of the Studebaker Corporation date backContinue reading “Studebaker Goes Bankrupt”