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:
“I shall never send for a priest or recite an Act of Contrition in my last moments. I do not mind if I lose my soul for all eternity. If the kind of God exists Who would damn me for not working out a deal with Him, then that is unfortunate. I should not care to spend eternity in the company of such a person.”
—Mary McCarthy (1912–1989)
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