Pressed Steel Car Company

In early July 1936, the company filed for bankruptcy due to decreased earnings, debt and the inability to sell funding stock.

[3] Pressed Steel Car Company ranked 41st among United States corporations in the value of World War II military production contracts.

)[10] In May 1940, Britain had a pressing need for more tanks, and started looking for suppliers of the M3 Stuart in the United States.

The British Purchasing Commission chose the Pressed Steel Car Company as one of the suppliers and placed an order for 501 M3 tanks on October 25, 1940.

On July 13, 1941, the first Pressed Steel completed the first M3 Grant tank for the British.