The First Crisis: A Worse YearFrom a production standpoint, 1921 was much worse than 1920. The total output was only 1,680,000 automobiles, of which more than 1,000,000 were made by Ford. Yet nobody expected 1921 to be a good year, and nobody put up any plant or acquired any inventory that he could not use. Furthermore, the industry finally abandoned [...]  |
The difficulties of General MotorsWhile Ford was having trouble with his stockholders, Storrow and Nash at General Motors were having a much worse time with theirs. You will remember that Durant had bought control of the Chevrolet (in November, 1911). The car was named for its designer, Louis Chevrolet, until then best known as a driver of racing cars. [...] |
