Charles W. Nash | |
---|---|
Born |
Charles Williams Nash January 28, 1864 Cortland, Illinois |
Died | June 6, 1948 Beverly Hills, California |
(aged 84)
Nationality | United States |
Occupation | Automobile industry entrepreneur and executive |
Years active | 1890–1936 |
Employer | |
Known for |
|
Spouse(s) | Jessie Halleck |
Awards |
|
Charles Williams Nash (January 28, 1864 – June 6, 1948) was an American automobile entrepreneur who served as an executive in the automotive industry. He played a major role in building up General Motors. In 1916, he bought Thomas B. Jeffery Company, makers of the popular Rambler automobile, renamed it Nash Motors, and played an independent role in an automobile industry increasingly dominated by the Big Three: General Motors, Ford, and Chrysler. His 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. His major acquisition was the merger in 1937 with the Kelvinator Company, which made refrigerators. During World War II, Nash-Kelvinator greatly expanded to manufacture aircraft engines and parts.
Nash was born to a poor farming family in Cortland, Illinois, on what is now Route 38 — Lincoln Highway. 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).
After Charles's parents' separation when he was 6, he worked as a farmhand in Michigan as an indentured servant under an agreement that was to last until he was 21. He had only three months of schooling per year while he was "bound out" to perform farm chores. At age 12, Nash ran away and became a farmhand, first in Grand Blanc, Michigan for $8 per month, then for Alexander McFarland 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. While pressing hay on the Halleck farm, he met his future wife, Jessie Halleck, and married her on April 23, 1884. They moved to Flint, Michigan, due to Jessie's poor health, and in 1890 was hired by William C. Durant of the Flint Road Cart Company, which later became the Durant-Dort Carriage Company.