Knowledge (XXG)

Charles W. Nash

Source πŸ“

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Nash focused on producing one high-quality automobile for the upper-medium price range, later adding a smaller, less expensive model, the Ajax. Nash realized he could never compete with the market diversity of the Big Three, so he based his profits on careful management, close attention to costs, and
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Under Nash's leadership, General Motors made immense gains in profits earned and in the number of vehicles produced. Nash focused on making GM more efficient by eliminating unprofitable products and streamlining manufacturing. He arranged for GM to purchase 51% of axle maker Weston-Mott. Cost-cutting
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Nash's profits came from focusing on one well-designed car in the upper-medium price range. He bought several distressed companies in Wisconsin, merging them and installing advanced managerial accounting procedures while cutting costs and focusing on long-term growth. He retired as president in 1932,
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In late 1912, Durant was fired by the General Motors board, and on November 19, Nash was elected as the fifth president of the company because he had earned the trust of the bankers who controlled the board of directors. Durant had acquired numerous automakers without analyzing their contribution to
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A man who, in the short space of nine years, has built up a business on which there is not a dollar of bonded indebtedness, whose stocks have a market value approximating $ 137,000,000, whose profits have exceeded $ 56,000,000, and whose bank balance tops $ 30,000,000, surely must be regarded as a
368:. The 1917 Nash Model 671 was the first automobile to bear the name of the new company's founder. Nils Erik Wahlberg, a former GM engineer, developed new cars and engines for the 1918 model year. Nash Motors became successful almost immediately, with sales totaling 31,008 trucks and cars by 1919. 324:
His strategy of consolidating into large units paid off: he combined three different truck operations into one and merged several parts-making operations. Keen to build up international markets, he set up the General Motors Export Company to handle global sales. He also moved GM's general offices
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By late 1915 and early 1916, Billy Durant attempted to reassert his control over the company, and Nash was caught in the power struggle between Durant and bankers. By May 1916, Durant regained control of the majority of voting stock. He offered Nash a $ 1 million annual salary to remain with the
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in business that included scheduling production and material orders closely, carrying a small inventory, and having flexibility in meeting the changing market needs during the economic turmoil of the 1920s and 1930s. Nash is also credited with developing the straight-line conveyor belt assembly
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Durant hired Nash in 1890 for $ 1 per day as an upholstery stuffer. Within six months, he was promoted to superintendent of the factory. Within ten years, Nash became vice president and general manager of the Durant-Dort Carriage Company. Nash introduced the straight-line belt conveyor into the
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brand of cars and numerous innovations. Nash bought out the pioneering automaker in August 1916 with a down payment check of half a million dollars and the total deal worth $ 5 million (some reports indicate the price was $ 9 million). One of the first major investors was
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Nash retired from his namesake company in 1936 to live in California. His health started to fail during his wife's illness and eventual death in 1947. He is quoted as describing himself as "the most common cuss that lived." He died in 1948 at the age of 84 in
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Durant brought in Nash to Buick to oversee production. Durant was not concerned that Nash did not have any automotive industry experience; his expertise was in dealing with people and also how to organize an efficient production line.
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the product mix and some like Elmore, Cartercar, Reliance Motor Truck, Welch Motor Car, were money-losing operations that left the company financially overextended; thus, there was concern if it could even survive another five years.
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Nash had restored GM to organizational stability and financial health. This was reflected in 1914 profits at $ 7.2 million and doubling for 1915 as well as again doubling for 1916, with the automaker taking in nearly $ 29 million.
212:, makers of the popular Rambler automobile, and renamed it Nash Motors. The resulting firm played an independent role in an automobile industry increasingly dominated by the Big Three: General Motors, Ford, and Chrysler. 401:
expansion opportunities. Nash was a hands-on executive who concentrated on developing more efficient purchasing and setting up accounting procedures that would specify the source of costs and profits.
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During a time when most others were operating in the red or going bankrupt, Nash Motors was only one of two firms in the automobile industry generating a profit. In November 1932, Nash was honored by
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from New York to Detroit, created a new purchasing office, and set up a new accounting office with standardized accounting procedures. However, Nash was reluctant to pay dividends to shareholders
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which made the company one of the largest producers of trucks in the nation. In 1918, Nash was appointed to take charge of the engineering and production of aircraft matters for the war effort.
1177: 1775: 361:. While Jeffery Motors had total stock of $ 3 million, the newly incorporated Nash Motors became a substantial force with capital stock value of almost $ 24 million on 29 July 1916. 317:
and higher sales were his top priorities. There was tight control of inventories and cash at the corporate level, as well as changes designed to maximize production at each factory.
1785: 236:. His mother was Anna E. "Annie" Cadwell (1829–1909), who married David L. Nash. Other Nash siblings included Mazovia (b. 1862), George C. (b. 1866), and Laura W. (b. 1868). 250:
in Mount Morris, Michigan, for $ 12 per month. On McFarland's farm, he learned the carpentry trade from John Shelben and formed the "Adams & Nash" concern to press hay.
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Nash is best remembered for responding to public demand by building smaller, more economical, and affordable cars. Nash Motors successfully marketed cars to America's
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Nash was searching for an expert in day-to-day manufacturing operations so he could focus more on sales, supplier relations, and logistics. In 1912, Nash hired
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How Much Is That in Real Money? A Historical Price Index for Use as a Deflator of Money Values in the Economy of the United States: Addenda et Corrigenda
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under an agreement that was to last until he was 21. Nash had only three months of schooling per year while he was "bound out" to perform farm chores.
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Charles' parents separated when he was six years old and abandoned him. As a result of a court order, he worked as a farmhand in Michigan as an
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1919 – Nash purchased half interest in the Seamon Body Corporation of Milwaukee - the builder of bodies for Rambler, Jeffery, and Nash
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How Much Is That in Real Money? A Historical Price Index for Use as a Deflator of Money Values in the Economy of the United States
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While pressing hay on the Halleck farm, he met his future wife, Jessie Halleck, and married her on April 23, 1884. They moved to
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Billy, Alfred, and General Motors: The Story of Two Unique Men, a Legendary Company, and a Remarkable Time in American History
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Charles W. Nash, Beverly Hills, California, who headed some of the industry's largest companies in a long and colorful career
1357:. Pacific Northwest Region of the Nash Car Club of America, from: B.C. Forbes Publishing, 1926, pp. 211-224. Archived from 1417: 20: 1297: 1277: 495: 262: 951: 555:
1918 – Nash becomes the largest producer of trucks in the world, building 11,490 four-wheel drive quads for the US Army
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as his executive vice president, and to have Mason, he had to buy Kelvinator, a leading manufacturer of refrigerators.
397:) controlled 75 percent of the automobile market. Nash Motors was in fourth place, producing 138,000 vehicles in 1928. 1765: 1623: 1446: 590: 444:
After twenty years of success in running his company, Nash turned it over in 1937 and the merged company was renamed
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After he clashed with Durant, Nash resolved never to work for someone else again. Along with former GM executives,
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At age 12, Nash ran away and became a farmhand, first in Grand Blanc, Michigan, for $ 8 per month, then for
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models on a 142 in (3,607 mm) wheelbase in 1932 that soon earned the nickname of "Kenosha
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By 1910, the chief business of Durant-Dort Carriage Company was building automobile bodies for the
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In addition to running his own company, Charles Nash served as president of the luxury automaker
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followed the recommendation and appointed Nash as vice-president of Buick on 13 December 1910.
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automaker. Nash described the salary as "more than a man’s worth" and resigned on June 1.
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Charles W. Nash's achievements by 1926 were characterized as a genuine success story:
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50 million (approximately US$ 630,000,000 in 2023 dollars ). Nash was interred in the
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American Council of Learned Societies (1974). "Nash, Charles Williams, 1864 - 1948".
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1890 - Charles Nash was hired to stuff seat cushions at Durant-Dort Carriage Company
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1916 – William Durant re-gains control of General Motors, and Charles Nash resigns
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1925 – Purchased plant from the Mitchell Motor Car Company in Racine, Wisconsin
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Nash gave up the presidency in 1932, but remained board chairman. Nash wanted
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1916 – Charles Nash buys the Thomas B. Jeffery Company, maker of the Rambler
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but remained chairman of the board. He facilitated the merger in 1937 with
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of Kenosha, Wisconsin, were anxious to retire. It was best known for its
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1910 – Charles Nash takes control of General Motors from William Durant
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assembly of carriages. In 1897, Nash had a chance to drive an early
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Automotive Giants of America: Men Who Are Making Our Motor Industry
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Automotive Giants of America: Men Who Are Making Our Motor Industry
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and immediately became interested in its commercial possibilities.
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1904 - Durant buys Buick, takes Nash with him as assistant manager
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from the American Locomotive Company to be Buick's works manager.
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of Racine in 1923 and LaFayette Motors of Milwaukee in 1924.
1394:"Charles W. Nash: Automobile innovator, benevolent tyrant" 760:
Dictionary of American Biography, Supplement 4 - 1946-1950
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Nash was able to negotiate procurement contracts with the
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1917 – Thomas B. Jeffery Company is renamed "Nash Motors"
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Automotive Golden Jubilee Civic Committee (June 1946).
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1917 – First Nash designed car, "Model 681" is produced
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of the Flint Road Cart Company, which later became the
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1930 – Nash retires and becomes chairman of the Board
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American chief executives in the automobile industry
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Biographical Dictionary of American Business Leaders
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and Walter P. Chrysler, Nash attempted to take over
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very practical authority on what makes for success.
171: 163: 134: 113: 105: 97: 89: 71: 46: 30: 977:"Early History of AMC, Nash, Hudson, Rambler, AMC" 698:Charles Nash: From Buick to Rambler and Ambassador 419:market segment. It introduced the top-of-the-line 386:until Nash Motors bought out the company in 1924. 1184:. Contemporary Historical Vehicle Association: 11 626: 624: 622: 817:The Complete History of General Motors 1908-1986 196:(28 January 1864 – 6 June 1948) was an American 1776:Burials at Forest Lawn Memorial Park (Glendale) 1006:"100 years ago: The creation of Nash Motors Co" 885: 883: 881: 879: 730:"Nash story dates back to bicycle-carriage era" 540:1912 – Nash becomes president of General Motors 503: 200:entrepreneur who served as an executive in the 1326:Lewis, Albert L.; Musciano, Walter A. (1977). 1030:Lewis, Albert L.; Musciano, Walter A. (1977). 537:to manage the Buick division of General Motors 204:. He played a significant role in building up 101:Automobile industry entrepreneur and executive 1786:American founders of automobile manufacturers 1516: 920:. Vol. 3. Greenwood. pp. 999–1001. 753: 751: 404:Nash acquired other car companies, including 8: 1087:"Charles W. Nash and the Nash Motor Company" 848: 846: 844: 842: 840: 838: 836: 1238:"C.W. Nash Near Death As His Wife Succumbs" 567:1937 – Merged Nash with Kelvinator to form 208:as its fifth president. In 1916, he bought 1523: 1509: 1501: 1435: 665: 663: 661: 228:Nash was born to a poor farming family in 38: 27: 1209:. Motorbooks International. p. 103. 945: 943: 941: 939: 937: 773: 771: 769: 608:Charles Nash Historical Marker, Flint, MI 19:For other people with the same name, see 999: 997: 1306:"Consumer Price Index (estimate) 1800–" 736:. Illinois. 8 December 1949. p. 18 618: 586: 494:system that he first introduced at the 389:By 1929, the Big Three automakers (GM, 854:"Nash, Charles W. - Generations of GM" 690: 688: 489:. Charles Nash is also recognized for 184:1975: Inductee Automotive Hall of Fame 1304:Federal Reserve Bank of Minneapolis. 7: 1746:20th-century American businesspeople 1113:"Nash Made Aircraft Production Head" 1206:Fifties Flashback: The American Car 1034:. Simon and Schuster. p. 280. 950:Redgap, Curtis (16 November 2020). 348:Nash learned that the heirs of the 471:Forest Lawn Memorial Park Cemetery 14: 1058:. Motorbase. 2008. Archived from 1701:Nash Rambler straight-six engine 1004:Giles, Diane (6 December 2016). 952:"Nash Motors cars, 1916 to 1954" 601: 589: 364:In 1917, he renamed the company 16:American businessman (1864–1948) 1056:"Overview: Charles Warren Nash" 1751:People from Cortland, Illinois 819:. Publications International. 815:Landworth, Richard M. (1986). 744:– via Newspaper Archive. 1: 890:Foster, Patrick (June 2008). 21:Charles Nash (disambiguation) 1771:American automotive pioneers 1298:American Antiquarian Society 1278:American Antiquarian Society 1244:. 20 August 1947. p. 25 1142:Boggart, Angelo Van (2010). 1091:Wisconsin Historical Society 596:Charles Nash Home, Flint, MI 496:Durant-Dort Carriage Company 427:" because of their quality. 263:Durant-Dort Carriage Company 232:, on what is now Route 38 β€” 1624:American Motors Corporation 1351:Forbes, B.C.; Foster, O.D. 1802: 1418:"Portrait of Charles Nash" 1176:Trueax, Robert L. (1973). 981:southernclassic.tripod.com 651:– via Google Books. 533:1912 – Charles Nash hires 18: 1781:General Motors executives 1714: 1538: 1489: 1479: 1475:Thomas B. Jeffery Company 1471: 1461: 1451: 1443: 1438: 1226:– via Google Books. 1192:– via Google Books. 1165:– via Google Books. 1131:– via Google Books. 801:– via Google Books. 778:Pelfrey, William (2006). 673:. Automobile Hall of Fame 459:Beverly Hills, California 210:Thomas B. Jeffery Company 83:Beverly Hills, California 37: 1328:Automobiles of the World 1032:Automobiles of the World 916:Ingham, John N. (1983). 734:Blue Island Sun Standard 1392:Velden, Patrik Vander. 892:"The Nash in GM's Past" 180:Automotive Hall of Fame 1761:American Motors people 1696:Kenosha Engine factory 1422:Detroit Public Library 1330:. Simon and Schuster. 1203:Adler, Dennis (2004). 1182:The Action Era Vehicle 1123:(3): 117. 18 July 1918 516: 1117:Automotive Industries 695:Alef, Daniel (2009). 633:"Automotive Pioneers" 350:Jeffery Motor Company 194:Charles Williams Nash 178:1946: "Ten pioneers" 51:Charles Williams Nash 1481:Chairman and CEO of 1361:on 28 September 2011 896:Hemmings Classic Car 637:The Michigan Technic 1439:Business positions 269:Automobile industry 248:Alexander McFarland 202:automotive industry 141:General manager of 1766:Nash Motors people 1540:1916–1957 historic 1242:The New York Times 858:GM Heritage Center 535:Walter P. Chrysler 373:United States Army 307:Walter P. Chrysler 241:indentured servant 230:Cortland, Illinois 65:Cortland, Illinois 1723: 1722: 1499: 1498: 1490:Succeeded by 1465:William C. Durant 1462:Succeeded by 1398:kenoshacounty.com 1062:on 4 January 2009 477:beside his wife. 259:William C. Durant 191: 190: 147:5th president of 106:Years active 1793: 1525: 1518: 1511: 1502: 1472:Preceded by 1444:Preceded by 1436: 1432: 1430: 1428: 1413: 1411: 1409: 1404:on 28 April 1999 1400:. Archived from 1371: 1370: 1368: 1366: 1348: 1342: 1341: 1323: 1317: 1316: 1314: 1312: 1301: 1295: 1281: 1275: 1260: 1254: 1253: 1251: 1249: 1234: 1228: 1227: 1225: 1223: 1200: 1194: 1193: 1191: 1189: 1173: 1167: 1166: 1164: 1162: 1139: 1133: 1132: 1130: 1128: 1109: 1103: 1102: 1100: 1098: 1083: 1072: 1071: 1069: 1067: 1052: 1046: 1045: 1027: 1021: 1020: 1018: 1016: 1001: 992: 991: 989: 987: 973: 967: 966: 964: 962: 947: 932: 931: 913: 907: 906: 904: 902: 887: 874: 873: 871: 869: 860:. Archived from 850: 831: 830: 812: 803: 802: 800: 798: 775: 764: 763: 755: 746: 745: 743: 741: 726: 711: 710: 708: 706: 692: 683: 682: 680: 678: 667: 656: 655: 650: 648: 628: 605: 593: 578:1948 – Nash dies 514: 465:valued at about 432:Sales Management 413:Great Depression 384:LaFayette Motors 339:James J. Storrow 300:James J. Storrow 78: 61:January 28, 1864 60: 58: 42: 28: 1801: 1800: 1796: 1795: 1794: 1792: 1791: 1790: 1726: 1725: 1724: 1719: 1710: 1684: 1675:George W. Mason 1670:Charles W. Nash 1658: 1649:Nash-Kelvinator 1607: 1541: 1534: 1529: 1495: 1493:George W. Mason 1486: 1477: 1467: 1458: 1449: 1426: 1424: 1416: 1407: 1405: 1391: 1383:Charles W. Nash 1379: 1374: 1364: 1362: 1350: 1349: 1345: 1338: 1325: 1324: 1320: 1310: 1308: 1303: 1293: 1285:McCusker, J. J. 1283: 1273: 1265:McCusker, J. 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Nash 24: 17: 12: 11: 5: 1799: 1797: 1789: 1788: 1783: 1778: 1773: 1768: 1763: 1758: 1753: 1748: 1743: 1738: 1728: 1727: 1721: 1720: 1715: 1712: 1711: 1709: 1708: 1703: 1698: 1692: 1690: 1689:Related topics 1686: 1685: 1683: 1682: 1677: 1672: 1666: 1664: 1660: 1659: 1657: 1656: 1651: 1646: 1641: 1636: 1631: 1626: 1621: 1615: 1613: 1609: 1608: 1606: 1605: 1600: 1595: 1590: 1585: 1580: 1575: 1570: 1565: 1560: 1555: 1549: 1547: 1543: 1542: 1539: 1536: 1535: 1530: 1528: 1527: 1520: 1513: 1505: 1497: 1496: 1491: 1488: 1478: 1473: 1469: 1468: 1463: 1460: 1455:General Motors 1450: 1445: 1441: 1440: 1434: 1433: 1414: 1389: 1378: 1377:External links 1375: 1373: 1372: 1343: 1336: 1318: 1302:1800–present: 1255: 1229: 1215: 1195: 1168: 1154: 1134: 1104: 1073: 1047: 1040: 1022: 993: 968: 933: 926: 908: 875: 832: 825: 804: 790: 765: 747: 712: 684: 657: 617: 615: 612: 611: 610: 607: 600: 598: 595: 588: 584: 581: 580: 579: 576: 565: 562: 559: 556: 553: 550: 547: 544: 541: 538: 531: 528: 525: 520: 517: 508: 482: 479: 453: 450: 334: 331: 292:General Motors 283: 282:General Motors 280: 270: 267: 225: 222: 206:General Motors 189: 188: 186: 185: 182: 175: 173: 169: 168: 167:Jessie Halleck 165: 161: 160: 158: 157: 151: 149:General Motors 145: 138: 136: 135:Known for 132: 131: 129: 128: 123: 121:General Motors 117: 115: 111: 110: 107: 103: 102: 99: 95: 94: 91: 87: 86: 81: 79:(aged 84) 73: 69: 68: 63: 50: 48: 44: 43: 35: 34: 31: 15: 13: 10: 9: 6: 4: 3: 2: 1798: 1787: 1784: 1782: 1779: 1777: 1774: 1772: 1769: 1767: 1764: 1762: 1759: 1757: 1754: 1752: 1749: 1747: 1744: 1742: 1739: 1737: 1734: 1733: 1731: 1718: 1713: 1707: 1704: 1702: 1699: 1697: 1694: 1693: 1691: 1687: 1681: 1680:Helene Rother 1678: 1676: 1673: 1671: 1668: 1667: 1665: 1661: 1655: 1652: 1650: 1647: 1645: 1642: 1640: 1637: 1635: 1632: 1630: 1627: 1625: 1622: 1620: 1617: 1616: 1614: 1610: 1604: 1601: 1599: 1596: 1594: 1591: 1589: 1586: 1584: 1581: 1579: 1576: 1574: 1571: 1569: 1566: 1564: 1561: 1559: 1556: 1554: 1551: 1550: 1548: 1544: 1537: 1533: 1526: 1521: 1519: 1514: 1512: 1507: 1506: 1503: 1494: 1485: 1484: 1476: 1470: 1466: 1457: 1456: 1453:President of 1448: 1442: 1437: 1423: 1419: 1415: 1403: 1399: 1395: 1390: 1388: 1384: 1381: 1380: 1376: 1360: 1356: 1355: 1347: 1344: 1339: 1337:9780671224851 1333: 1329: 1322: 1319: 1307: 1299: 1292: 1291: 1286: 1279: 1272: 1271: 1266: 1259: 1256: 1243: 1239: 1233: 1230: 1218: 1216:9780760319277 1212: 1208: 1207: 1199: 1196: 1183: 1179: 1172: 1169: 1157: 1155:9781440241222 1151: 1147: 1146: 1138: 1135: 1122: 1118: 1114: 1108: 1105: 1092: 1088: 1082: 1080: 1078: 1074: 1061: 1057: 1051: 1048: 1043: 1041:9780671224851 1037: 1033: 1026: 1023: 1011: 1007: 1000: 998: 994: 982: 978: 972: 969: 957: 953: 946: 944: 942: 940: 938: 934: 929: 927:9780313239076 923: 919: 912: 909: 897: 893: 886: 884: 882: 880: 876: 863: 859: 855: 849: 847: 845: 843: 841: 839: 837: 833: 828: 826:9780881763461 822: 818: 811: 809: 805: 793: 791:9780814429617 787: 783: 782: 774: 772: 770: 766: 761: 754: 752: 748: 735: 731: 725: 723: 721: 719: 717: 713: 701:. 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Index

Charles Nash (disambiguation)

Cortland, Illinois
Beverly Hills, California
General Motors
Nash Motors
Buick
General Motors
Nash Motors
Automotive Hall of Fame
automobile
automotive industry
General Motors
Thomas B. Jeffery Company
Kelvinator
Cortland, Illinois
Lincoln Highway
indentured servant
Alexander McFarland
Flint, Michigan
William C. Durant
Durant-Dort Carriage Company
automobile
Buick
General Motors
James J. Storrow
Walter P. Chrysler
James J. Storrow
Packard
Jeffery Motor Company

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