Word: arrowing
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Studebaker-Pierce Arrow. Stockholders of Pierce Arrow Motor Car Co. met, last week, to approve plans for an alignment (not a merger) with Studebaker Corp., bringing together companies with total assets of $200,000,000, making the fourth largest manufacturing unit in the industry. Studebaker will invest $2,000,000 in a reorganized Pierce Arrow company, call upon its selling organization to increase Pierce Arrow production to 15,000 cars yearly...
Studebaker-Pierce-Arrow. The Fierce-Arrow Motor Car Co. of Buffalo, with assets of $24,000,000, has been losing money. The Studebaker Corp. of South Bend, with assets of $135,000,000, has been making tidy profits. Last week, the board of directors of Fierce-Arrow approved the plans of Studebaker for a merger of the two firms; President Myron E. Forbes of Fierce-Arrow called for a meeting of the stockholders on July 25, writing them that it would be for their own good to consent to the plans. No matter how good the product, a large organization...
...plans provide for the creation of a new company to manufacture Fierce-Arrow cars. Studebaker will invest $2,000,000 in this company, but it will not affect the financial structure of Studebaker Corp. President Albert Russel Erskine of Studebaker will be chairman of the board and Mr. Forbes will be president of the new company...
Died. Col. Charles Clifton, 74, automobile pioneer, board chairman of the Pierce Arrow Motor Car Co. for 14 years (1912-26) president of the National Automobile Chamber of Commerce; in Buffalo...
Studebaker-Pierce-Arrow. The board of directors of the Studebaker Corp. were to meet at South Bend, Ind., to consider a merger with the Pierce-Arrow Motor...