JUNKING THE BROKE
FAILURES MAKE NEW INDUSTRY Competition, which has sent 553 bona-fide motor manufacturing companies to the wall in the United States, has bred another strange industry—a junking service. Each of the companies which failed had sold some thousands of cars, and the owners still wanted service and spare parts while those cars were in commission, so two big companies were born—the Puritan Machine Company and the General Parts Corporation. The former lias “junked” 753 companies, and the latter 100, including the last two failures, Rickenbacker and Wills-St. Clair. These companies take over all . spare parts and special plant of the liquidating manufacturers, and supply spares to owners while any of the orphan cars are still running. Many makers who disappeared from the motor industry had not made sufficient cars to warrant even this attention. If General Motors is counted as one, there are only 32 motor manufacturing companies in the United States to-day.
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Sun (Auckland), Volume II, Issue 337, 24 April 1928, Page 6
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155JUNKING THE BROKE Sun (Auckland), Volume II, Issue 337, 24 April 1928, Page 6
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