I've noticed that nobody mentioned the Grand Turismo Hawk, my favorite Studebaker, and this lack is possibly what really killed the company. Buyers bought Thunderbirds instead. The ad company that worked the VW contract might have helped to foment a market. What if Bullitt had driven a Hawk instead of a Mustang?
Studebaker didn't have a big-block V-8, and their small block was an aging design. They needed a new V-8 line to compete with the engines being produced by Chrysler, Ford, and General Motors.
I have an earlier post on what the new engine lineup could have looked like if they took the AMC lineup and had various options for carburetors, fuel injectors, and superchargers.
Studebaker also had a good reputation for tough "military grade" trucks going back to WW2. Also, they did create comparatively small numbers of pickup trucks.
Another path, IF they could have played through to the 1970's, would have been offering 4x4 pickups or Suburban style SUV's with some amenities, just as the popularity of off-road vehicles was picking up. Maybe even offer a smaller version to compete with the Jeep CJ series or the old small Ford Broncos? (I had one of those too.... Most fun vehicle I've owned.)
I'm considering Studebaker being something akin to the largest part of a larger AMC, which also includes Jeep and a surviving Packard (Studebaker purchased Packard but eventually abandoned the brand). In that case, Jeep historically produced the
Wagoneer, which was considered to be more luxurious than other early SUVs. Perhaps instead of being the budget line as I had in the earlier lineup, Jeep could have more of an industrial, heavy duty, off-roading type feel to it.
If Studebaker participates in racing and other demonstrations of vehicles, Rambler could be oriented more towards circuit racing and drag racing to show off performance, and Jeep could be oriented more towards off-road, endurance, and rally races to showcase endurance.
The lineup would thus look something like this:
American Motor Company (for lack of a better name)
--
Packard: Luxury vehicles. Flagship model is the
Excellence.
--
Studebaker: High end and performance division. The
Ambassador is the flagship sedan for the line. The flagship performance model is the
Avanti, which competes with the Chevrolet Corvette.
--
Rambler: A performance oriented division that focuses on pony cars and other vehicles that would appeal to young people. The flagship model is the
Rebel, which competes with the Chevrolet Camaro, Ford Mustang, etc.
--
Jeep: Military sales, industrial/farm equipment, and off-roading. The flagship civilian car model is the
Civilian Jeep. The flagship SUV is the
Wagoneer.
--
Hudson: The mid-tier division. Flagship model is the
Hornet.
--
Nash: Produces affordable entry level vehicles. Flagship model is the
Lark.
Something very much like the Shelby Cobra Hawk.
Studebaker seems to have had a strong tuning division of its own. Perhaps they could invite a racer akin to Shelby over to help lead Rambler, or work with an independent company to add clout?
From the brief read of the wiki article there are a number of issues that need to be addressed, but the key one that jumps out at me is that their cost structure was too high.
Essentially they need to get the right people in place to identify their shortcomings and be able to implements the appropriate changes. So off the top of my head improve productivity and quality control for their workforce, this could be achieved by changing the capital to employee mix. Move from their South Bend plant to a smaller plant that enables centralisation and just in time inventory management. Attempt to leverage off their suppliers by driving greater cost efficiencies and then passing onto the consumer. Changing their market niche or segment, i.e. aim at the prestige market.
Unless anyone has financials in which case I can tailor my responses more accurately.
Some consolidation would definitely be in order. However, I'm not sure how it would work out with essentially the Super AMC that would be created. The inclusion of Packard, Studebaker, and Jeep complicates things.