Why Packard Failed (2): The End of the Road, 1954-56
In reality, Packard’s crucial mistakes were made years before. After the war, when a company could sell anything on wheels, Packard could have reverted to type, rebuilding its reputation as a luxury automaker. Instead it pursued the lower-priced markets that had saved it in the Depression. Stemming from this marketing mistake was a series of product decisions that flew in the face of Packard’s proud heritage.