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Car Companies That Went Belly Up
With the economy the way it is, it was no surprise that Chrysler announced that they would be going into bankruptcy, also the discontinuation of the Pontiac line, and the imminent demise of GM's Saturn. So I was thinking let's take a look back at some other American car brands that have gone belly up.
Studebaker
Studebaker started out in 1852, as a family owned blacksmith business. It would later become the world's largest wagon builder by the end of the 19th century. They successfully turned their wagon enterprise into a horseless carriage enterprise, Studebaker turned out unique and creative cars, including the bullet-nose Land Cruiser. Their last car rolled off the lot in 1966.
AMC
American Motors was created in a 1954 merger between Hudson (the maker of the Hornet) and Nash-Kelvinator. The carmaker really came into it's own when in the late 60s and early ‘70s with unforgettably cars like the Javelin, Gremlin, Pacer, and Eagle. Chrysler eventually bought out AMC. They stopped making cars in 1988.
Duesenberg
Duesenberg possibly made some of the finest cars ever produced in America, Duesenberg was unfortunately a casualty of the Great Depression. Even with celebrity owners like Clark Gable, and Phillip Wrigley (of chewing gum fame), the top-of-the-line and top-priced cars simply couldn't survive. They made their last production car in 1936. The few that are still around today rarely change hands, and when they do, seven figures are typically at stake.
GEO
The General Motors brand, was first introduced in 1989, and was built to compete with small, economical foreign imports. It's models, Metro, Prizm, Storm, and Spectrum did ok, but not well enough to stay around. GM stopped production in 2004, which may have been about two to three years too early. With the huge gasoline price spike of 2006-2007, used Geo prices skyrocketed due to the cars' incredible fuel economy and dependable reputation.
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