The taking control, not actually buying, of Pierce Arrow in 1928 didn't help either. When Studebaker sold their interests in Pierce Arrow they took a big financial hit.
The gubmint offered Studebaker the money to buy Ford Motor Company at the end of WWII.... And Studebaker turned them down.
Volkswagen offered Studebaker the chance to be the American distributor in 1949.... And Studebaker turned them down.
In 1963 Datsun and Isuzu offered to build cars in Canada for Studebaker, and put Studebaker badging on them.... And Studebaker turned them down.
Studebaker management was downright STOOPID at the dumbest times... Pierce Arrow was small potatos compared these 3 examples.
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