In 1979, Ward Industries filed for chapter 11 bankruptcy. Arkansas Governor Clinton was instrumental in putting together a group that bought the assets of Ward Industries. In 1980, the American Transportation Corporation was formed; they began doing business as AmTran Corporation a year later. In 1983, the Harmon brothers purchased a controlling interest of AmTran. After the creation of AmTran, the Ward name was retained on the school bus line as it had an established brand identity; non-school buses bore the AmTran brand name.
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