1955 Studebaker President Speedster.. Approximately 2,215 Studebaker President Speedsters were put in production, ONLY 79 were painted black and white at the South Bend plant. Today, it is unknown how many still remain. Studebaker designed this car to compete with Ford"s Thunderbird and Chevrolet"s Corvette, Equipped with a factory original and strong running 259 C.I.D. V8 engine rated at 185hp- there is ample power for the open road.