June 30th in Automotive History

June 30th in Automotive History
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June 30 1926-

American automakerGM traded 667,720 shares of its own stock, at a market value of $136 million to buy the remaining 40 percent of Fisher Body to make Fisher Body Division of GM.

June 30th 1953-

Production of the Chevrolet Corvette began. During first year, a little over 300 Corvettes were meticulously put together by hand in Flint, Michigan. Roughly 150 were sold to the public and the remaining were gifted to company executives. The first Corvette was revealed in New York City at the GM Motorama show on 17th of January in the same year, whereas prototypes were built starting on 22nd Dec 1952. The name "Corvette" comes from a type of small, light armed warship used by most Allied navies during the Second World War.

June 30th 1969-

The U.S. produced Rambler (an American Rambler) rolls off the production line in Kenosha for one last time. A total of 4,204,925 had been made until then.
The Nash Rambler was originally developed by George Walter Mason after World War II. Mason before anyone else, realized that the postwar "seller’s market" would evaporate once it was saturated with cars again. He predicted the hardships that independent car companies would experience once they were against the Big Three’s massive production capabilities.

In order to compete against the Big Three, Mason charted out a plan to market a different product. In that sense, he developed a few small cars, including the Rambler, the Nash-Healey (a collaboration with British Healey), and the Metropolitan. None of his cars succeeded in capturing the American market. But years later, after Nash-Kelvinator and Hudson merged to become AMC, the Rambler finally caught on as a sub-compact car.

In Argentina, the Rambler American, a compact car, became the IKA Torino in 1967. It then sold as the Renault Torino until 1980.

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