Word: motorize
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Dates: during 1920-1929
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...most bullish of the bulls is William Crapo Durant, motor and market man with reputed large holdings in Chrysler, General Motors, International Combustion, Montgomery Ward, U. S. Cast Iron Pipe, Warner Bros., and many a speculative favorite. Inasmuch as the first five of the half dozen listed closed last week at only a few points above their lows for the year, Mr. Durant was widely rumored as having been pressed for margin and as liquidating much of his holdings. There was a suspicion, indeed, that the Durant shirt, if not lost, had at least been temporarily mislaid. It was also...
...Motors, Inc. (a Delaware corporation, capitalized at $5,000,000, all privately subscribed) expects to build 500 Ruxtons by July 1 and 12,000 during 1929. Its president, A. M. Andrews, is a director in Hupmobile Motor Car Corp., its vice president and designer, W. J. Muller, is an engineer with the Edward G. Budd Manfacturing Co. (auto bodies), and one of the directors is Vice President Frederick W. Gardner of Gardner Motor Co., Inc. This personnel, coupled with the announcement that the car will be built in Cleveland and in St. Louis plants, resulted in the surmise that...
...will be powered with a Continental 8-cylinder motor...
Such, last week, appeared the salient facts concerning the new "mystery" automobile, now definitely in production and soon to be offered to the motoring public. From an engineering standpoint, the distinctive feature of the Ruxton (named for W. V. C. Ruxton, partner of Spencer Trask Co., bankers, and a director in New Era Motor Car Co., Ruxton builders) is the front-wheel drive, previously used in only a few trucks and racing cars.* Sponsors of the Ruxton maintain that the pull of the front-wheel drive is a more efficient application of power than the push of the conventional rear...
Perhaps hardest hit by the merger, however, was the German motor car industry which, with its largest unit (Opel) already a General Motors affiliate, and with one of its most menacing invaders (Ford) now backed by the resources of Germany's largest company, appeared more than ever unable to hold its own against U. S. competition. One outstanding difference between the General Motors-Opel and the Ford-I. G. F. arrangements was that General Motors bought into Opel, whereas I. G. F. bought into Ford. To discuss these international operations in warlike terms, the Ford-I. G. F. purchase...