Thus , in early 1955 , the contract with Raymond Loewy , which had existed since 1938 , was not renewed .
Pietsch , along with everyone else , was given the option of staying with Raymond Loewy or switching over to Studebaker proper .
Thus , in early 1955 , the contract with Raymond Loewy , which had existed since 1938 , was not renewed , and Pietsch , along with everyone else , was given the option of staying with Loewy or switching over to Studebaker proper .