Company Sold
The Graham Brothers bought the company on June 10, 1927. Joseph Graham became the new president, his brothers Robert and Ray serving as vice-president and secretary-treasurer, respectively. The three, together with their father, also became directors of the company. The corporate name soon changed to Graham-Paige Motors Corporation. The market agreed, and automobile production rose from 21,881 in 1927 to 73,195 for the following year, when the cars became known as Graham-Paiges.
When the second series of 1930 cars was released (bringing out two series for a model year was widely practised at the time), the name for the product (but not for the corporate name) changed to just Graham.
Read more about this topic: Paige Automobile
Famous quotes containing the words company and/or sold:
“The Bermudas are said to have been discovered by a Spanish ship of that name which was wrecked on them.... Yet at the very first planting of them with some sixty persons, in 1612, the first governor, the same year, “built and laid the foundation of eight or nine forts.” To be ready, one would say, to entertain the first ship’s company that should be next shipwrecked on to them.”
—Henry David Thoreau (1817–1862)
“As for the virtuous poor, one can pity them, of course, but one cannot possibly admire them. They have made private terms with the enemy, and sold their birthright for very bad pottage. They must also be extraordinarily stupid.”
—Oscar Wilde (1854–1900)