April 30, 1925 – Dodge Brothers is sold for record amount

An interesting transaction took place on this day in 1925 when Dillon, Read & Company, a formerly prominent American investment bank, purchased Dodge Brothers, Inc. It wasn’t so much the actual sale that stirred interest, but the terms of the deal. The car company sold for $146 million, plus

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April 29, 2004 – Oldsmobile shuts down

When Oldsmobile closed its doors on this day in 2004, it was currently the oldest automaker in the United States, at 107 years old. Ransom E. Olds founded Olds Motor Vehicle Co. in 1897. Throughout its century and seven year existence it produced more than 35 million cars. Early

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April 28, 1916 – Ferruccio Lamborghini is born

Today you can say happy birthday to a man who reinvented the wheel, or at least doors. Ferruccio Lamborghini was born on this day in 1916 in Renazzo, a small Italian town, to grape farmer parents. After studying at a technical institute, he received a draft notice for the

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April 27, 2009 – GM announces end of Pontiac

General Motors made a fateful announcement on this day in 2009 when it declared plans to phase out the Pontiac brand. Pontiac heritage predates the brand by nearly 20 years from when it first appeared on a car in 1926. It started as Oakland Motorcars, founded in 1909 in

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April 26, 1945 – Racer Dick Johnson is born

Richard “Dick” Johnson of Dick Johnson Racing was born on this day in 1945 in Queensland, Australia. He is a part-owner of the V8 Supercar team DJR Team Penske and a former racing driver himself. As a driver, he was a five-time Australian Touring Car Champion and a three-time

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April 23,1987 – Chrysler buys Lamborghini

On this day 1987 Chrysler Corporation purchased Lamborghini for an estimated cost of $25 million. At the time, the luxury automaker was experiencing financial difficulty under the ownership of the Mimram Brothers. Ferruccio Lamborghini founded the sports car company in 1963 after, as legend has it, he experienced mechanical

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