AUTOS: Packard Shifts Gears

When Packard finally cleaned up the design of its autos two years ago, it had a sleek, modern-looking car. All it lacked was an aggressive sales organization and a vigorous boss. At 65, veteran Treasurer

Hugh Ferry had merely taken the presidency as a stop-gap after President George Christopher quit in a huff (TIME, Aug. 28, 1950). The quarreling stockholder factions who forced Christopher out have been wrangling ever since, but last week they finally agreed on a president: James J. Nance, 51, president of G.E.'s Hotpoint, Inc.

In Nance, Packard got one...

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