Ferrer
11-21-2014, 12:26 PM
In 1928 the fledgling Chrysler Corporation was four years old and running at top speed.
In just over 2-1/2 years Chrysler Corporation had spent $22,777,754 in expansion of plants and properties. So rapid was Chrysler growth that a $100 investment in original Maxwell stock on January 2, 1923, would have grown to a worth of $1,756.08 in Chrysler stock at the market closing time, June 15, 1928.
The year 1928 would also highlight the corporation’s first venture into the realm of international motor racing. And they started big,with a four car(Model 72) team entered in the Le Mans 24 Hour endurance race.
In just over 2-1/2 years Chrysler Corporation had spent $22,777,754 in expansion of plants and properties. So rapid was Chrysler growth that a $100 investment in original Maxwell stock on January 2, 1923, would have grown to a worth of $1,756.08 in Chrysler stock at the market closing time, June 15, 1928.
The year 1928 would also highlight the corporation’s first venture into the realm of international motor racing. And they started big,with a four car(Model 72) team entered in the Le Mans 24 Hour endurance race.