Dodge Brothers Sold: Auto Giants Reshape American Economy
Investment bank Dillon, Read & Co. purchased Dodge Brothers for $146 million plus $50 million earmarked for charity, completing what was then the largest cash transaction in American industrial history. The sale transformed a family-run automaker into a Wall Street-controlled corporation and demonstrated the growing power of investment banking over American manufacturing. Chrysler acquired Dodge three years later, creating the foundation for what became one of Detroit's Big Three.
April 30, 1925
101 years ago
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