General Motors
In 1929, shortly after the death of James Allison, the company was purchased by the Fisher brothers, who instructed it to use the cylinder design for a six-cylinder engine for a "family aircraft". Before work on this design had progressed very far, Fisher sold the company to General Motors, which ended development due to financial pressures of the Great Depression. Nevertheless Gilman pressed ahead with the cylinder design, building a "paper project" V-12 engine. The Army was once again uninterested, but instead suggested Allison try selling it to the United States Navy. The Navy agreed to fund development of A and B models to a very limited degree for its airships, until the crash of the USS Macon in 1935, when the Navy's need for a 1,000 hp (750 kW) engine disappeared.
Read more about this topic: Allison Engine Company
Famous quotes containing the words general motors, general and/or motors:
“When General Motors has to go to the bathroom ten times a day, the whole country’s ready to let go. You heard of that market crash in ‘29? I predicted that.... I was nursing a director of General Motors. Kidney ailment, they said; nerves, I said. Then I asked myself, “What’s General Motors got to be nervous about?” “Overproduction,” I says. “Collapse.””
—John Michael Hayes (b. 1919)
“We have grown literally afraid to be poor. We despise anyone who elects to be poor in order to simplify and save his inner life. If he does not join the general scramble and pant with the money-making street, we deem him spiritless and lacking in ambition.”
—William James (1842–1910)
“When General Motors has to go to the bathroom ten times a day, the whole country’s ready to let go. You heard of that market crash in ‘29? I predicted that.... I was nursing a director of General Motors. Kidney ailment, they said; nerves, I said. Then I asked myself, “What’s General Motors got to be nervous about?” “Overproduction,” I says. “Collapse.””
—John Michael Hayes (b. 1919)