In 1967, Worthington Corporation merged with the Studebaker Corporation, recently exited from the auto business, to form Studebaker-Worthington, with ALCO as a wholly owned subsidiary. In 1968, several divisions of Alco became semi-independent subsidiaries, and in a 1969 corporate reorganization, Studebaker Worthington closed the Schenectady locomotive manufacturing facility. The locomotive designs were transferred in 1969 to MLW-Worthington and the diesel engine designs were sold in 1970 to White Motor Corporation. The Alco diesel engine designs went through several changes in ownership as White Motor Corporation formed White Industrial Power which was subsequently purchased by the British General Electric Company in 1977. Renamed Alco Power Incorporated by GEC, the designs were, ironically, sold to Fairbanks-Morse in 1994.