AUTOS: Happy Days

In the fiercely competitive U.S. automobile industry, an ailing company seldom gets a chance for a comeback. The industry's history is studded with once famous names (Hupmobile, Chandler, Peerless, Winton, Pierce-Arrow, etc.) which went under. Nine years ago it looked as if Hudson were limping down the same rocky road to dissolution.

The war gave Hudson another chance. After a 1940 loss of $1.5 million, Hudson netted an average of nearly $2 million a year making antiaircraft guns, invasion-barge engines and aircraft parts during the war. By war's end, Hudson's President A. Edward Barit was determined to recapture Hudson's former...

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