ReceivershipsTwo important developments of the early 1933 season belong so closely to the 1930-32 period that they may best be considered in this chapter. One was the receivership of Willys-Overland; the other was the receivership of Studebaker. The Willys-Overland receivership (February, 1933) was not surprising. The company had been accumulating murderous deficits ever since 1929. [...]  |
The End of ProsperityAlthough 1929 has given its numerals to its decade, 1928 was, from the standpoint of the greater part of the automobile industry, a year of considerably better net income. This circumstance results chiefly from the fact that booms and depressions do not go strictly with the calendar. The last three months of 1929 belong to [...] |
The Concentration of the IndustryBefore discussing the automobile industry in the war boom, it is desirable to draw a distinction between the number of makes of automobile – which was very large – and the number of makes which reached a position of economic importance – which was very small. The automobile industry was never a struggle between several [...] |
