Dodge Brothers Sold for $146 Million: The Biggest Auto Deal Yet
Investment bank Dillon, Read & Co. purchased Dodge Brothers for $146 million plus $50 million earmarked for charity, completing what was then the largest cash transaction in American industrial history. The sale transformed a family-run automaker into a Wall Street-controlled corporation and demonstrated the growing power of investment banking over American manufacturing. Chrysler acquired Dodge three years later, creating the foundation for what became one of Detroit's Big Three.
April 30, 1925
101 years ago
Key Figures & Places
What Else Happened on April 30
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