Autos: Troubles at Studebaker

Every year lately has been a year of crisis for the beleaguered Studebaker Corp., but this year may prove to be the year. Studebaker is the only U.S. automaker to turn out fewer cars in 1963 than in the year before; in nine months, it has sold 47,319 units, a 20% drop from 1962's 59,264 for the same period. For 1963's first nine months, its deficit is $9,800,000. And, despite considerable restyling, its '64 models have got off to a poor start: the company has an 86-day inventory on hand, compared with an...

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