Word: durant
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...William Crapo Durant put together a half-dozen automobile companies, called them General Motors Co. of New Jersey. Three years later he was ousted from control. He immediately formed Chevrolet Company and by May 1916 was able to tell G. M. directors that once again he was in control. Five years later he was forced to tender his resignation. The greatest bull since Commodore Cornelius Vanderbilt was broke and jobless...
After this second exit from G. M., Mr. Durant started Durant Motors Inc., speculated his way back to wealth and public favor. Stock in the new company soared from $13 in 1921 to $84 in 1923. But for the last few years Durant Motors has reported steady deficits and the stock has slipped to almost nominal figures. When, a year and a half ago, Mr. Durant resigned as chairman and put younger executives in charge it seemed that he was through with the automobile industry. But last week Durant stock (on the New York Curb) flared up from...
Last fortnight it was rumored that Durant Motors will manufacture the Mathis, a small French car. Last week's announcements confirmed these stories. Emil Earnest Charles Mathis and a staff will move to Lansing, Mich., where the Durant factory stands. By Dec. 1 work will have begun on a contract calling for 100,000 Mathis cars. Although Durants will still be made, apparently the new car will predominate. For the last four months total Durant registrations in the U. S. were only 9,531 compared to 16,837 in the corresponding period last year...
Because of Mr. Durant's imported car, an inference seemed obvious. The Mathis has 9 to 12 h.p., sells at around $1,600. Regarding another intrusion, Argus, Paris automobile paper, last week was very definite. According to Argus, Ford Motor Car Co. will soon be manufacturing Isotta Fraschinis in Detroit, while Fords will pour in great volume from Isotta's Italian factories. To handle the plan, a new $5,000,000 company is said to have been formed in Italy, 51% owned by Isotta Fraschini Co. and the Italian Commercial Bank, 49% by Ford. In this exchange...
Killed. Edwin Jones Clapp, 48, publicity director for Motormaker William Crapo Durant, onetime Hearst financial editor, onetime professor of economics at New York University, onetime (1901, 1903-4) holder of the intercollegiate record for 120-yd. high hurdles; when he jumped from the roof of his hotel in Manhattan...