The restyled Packard line for 1955 showed Teague's keen eye for detail and his ability to produce significant changes based on limited budgets. However, the company was not doing well following the purchase of struggling Studebaker Corporation in 1954. The last Teague design for Packard was the Executive, introduced mid-1956 and derived from the Clipper Custom, launched just as sales of the luxury Packard line collapsed. Teague also designed the last Packard show car, the Predictor, plus a new Packard and Clipper lineup for 1957 that would have followed the general lines of the Predictor. The design was stillborn when the Detroit Packard operations were shut down completely in mid-1956. Lacking funds for all-new models, the Studebaker-Packard Corporation had to make use of existing and economical Studebaker designs. Working with little time and money, the stopgap 1957 Studebaker-based Packard models became known as "Packardbakers." The 1957 Packard Clipper, popularly derided as "a Studebaker wearing Packard makeup", was designed largely by Teague, and was intended as a temporary stopgap to keep the brand going until the company's fortunes improved and a "real" Packard model could again be made.