The American Motors Corporation, best known for creating the Jeep, was bought out by Chrysler.
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George Selden filed for the first patent for a gasoline-driven automobile.
Louis Chevrolet incorporated the Chevrolet Motor Car Company.
Formula 1 driver Niki Lauda crashed in the German Grand Prix and was hospitalized with near-fatal burns.
The first Chevrolet Corvette was manufactured in the US.
Swedish company Saab, previously known for making aircraft, produced their first automobile.
