1958 marked the last year any cars would come out with the Packard brand. Studebaker-Packard had offered good terms
for a Curtis-Wright takeover if CW had the urge. Nance left the company and was replaced by the general manager Harold
Churchill. Nance stayed on for a short while without pay so he could help find employment for the staff members who had come
with him from Packard.
Thomas Bonsall, in his book More Than They Promised: The Studebaker Story writes:
"In later years, Nance was to become a favorite whipping boy for both Studebaker and Packard loyalists. Much of
this was probably inevitable; somebody had to catch the blame. Yet, by any objective standard, Nance did remarkably
well with the frightening bad hand he'd been dealt."
Under Churchill, the Studebaker-Packard company terminated its agreement with Curtis-Wright and the option Hurley had for
five thousand shares of Studebaker-Packard was canceled. As a Mercedes-Benz distributor, Curtis-Wright gave up its distribution rights to
the Mercedes-Benz line to Studebaker-Packard in exchange for the properties it had been leasing from Studebaker-Packard.
Meanwhile, Churchill was making ready for the introduction of a new model line in 1959 called the Studebaker-Packard Lark.