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Charles W. Nash Category: Person Wikipedia: Charles W. Nash Born: 28 January 1864 Died: 6 June 1948 Description: The fifth President of General Motors and owner of Nash Motors. Page Sections: Biography ยท Article Index |
The following section is an excerpt from Wikipedia's Charles W. Nash page on 5 May 2024, text available via the Creative Commons Attribution-ShareAlike 3.0 Unported License.
Charles Williams Nash was an American automobile entrepreneur who served as an executive in the automotive industry. He played a significant role in building up General Motors as its 5th President. In 1916, he bought Thomas B. Jeffery Company, 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.
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, but remained chairman of the board. He facilitated the merger in 1937 with Kelvinator, a manufacturer of refrigerators, home appliances, and commercial refrigeration.
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| 9 December 1928 | EUROPEAN AUTO INVASION NOT UPON US, SAYS NASH C.W. Nash, president of the Nash Motors Company, said upon his return recently from a tour of Northern European countries and the annual motor expositions in Paris and London... | Commentary (text) Publication: The New York Times Topic: Charles W. Nash |