In the mid sixties the Studebaker company was looking for anyway possible to stay afloat, after being turned down for loans, in desperation they attempted a merger with the then flush Schwinn bicycle company. This bike was discovered in one of the companies now vacant buildings out on the proving grounds.
Sadly, the merger fell through when Studebaker's Blinker Fluid & Muffler Bearing Union and Schwinn's Spoke Nipple & Valve Cap local 432 could not come to a binding labor agreement. Strange but true.
Sadly, the merger fell through when Studebaker's Blinker Fluid & Muffler Bearing Union and Schwinn's Spoke Nipple & Valve Cap local 432 could not come to a binding labor agreement. Strange but true.