The Studebaker-Packard Corporation was the entity created by the purchase of the Studebaker Corporation of South Bend, Indiana, USA, by the Packard Motor Car Company of Detroit, Michigan, in 1954. Packard acquired Studebaker in the transaction. While Studebaker was the larger of the two companies, Packard's balance sheet and executive team were stronger than that of the South Bend company. It was hoped that Packard would benefit from Studebaker's larger dealer network. Studebaker hoped to gain through the additional strength that Packard's cash position could provide. Once both companies stabilized their balance sheets and strengthened their product line, the original plan devised by Packard president James J. Nance and Nash-Kelvinator Corporation president George W. Mason was that the com