They don’t make them ’em like this anymore. March 18,1933 – 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. Share this:Click to email a link to a friend (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to print (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Tumblr (Opens in new window)Click to share on Pinterest (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Like this:Like Loading... Related Author: Jim Bumgardner Jim's Toy Box features programming that is inspirational, uplifting and motivational all the while offering encouragement to those who wish to make the most of this life in preparation for the next. View all posts by Jim Bumgardner
March 18,1933 – 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.