Betcha y’all didn’t know 77

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March 18, 1933, American automaker Studebaker, then heavily in debt, goes into receivership.. Studebaker eventually rebounded from its financial troubles, only to shut down the assembly line and transition out of the automobile business in 1966.

The origins of the Studebaker Corporation date back to 1852, when brothers Henry and Clement Studebaker opened a blacksmith shop in South Bend, Indiana (seems we3 have heard of that place). Studebaker eventually became a leading manufacturer of horse-drawn wagons and supplied wagons to the U.S. Army during the Civil War. Around the turn of the century, the company entered America’s burgeoning auto industry, launching an electric car in 1902 and a gas-powered vehicle two years later that was marketed under the name Studebaker-Garford. After partnering with other automakers, Studebaker began selling gas-powered cars under its own name in 1913, while continuing to make wagons until 1920.

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Getting involved with cars back in the late 1960's, one of my friends who was notoriously tough on vehicles bought a 1962 Studebaker Lark.He was the type to have 4 or more $100 junkers in a year. That car left him stranded a few times - its nickname was the "Steadybreaker"!!