MOTORS: K.T.

(See Cover)

For five humid May days in 1928 a group of shirtsleeved men stayed in a smoke-fogged suite in Manhattan's Ritz-Carlton Hotel, bargaining, eating, occasionally sleeping. Clarence Dillon wanted to sell the automobile company bought four years before by Dillon, Read & Co. from the widows of Motormakers John and Horace Dodge. Walter P. Chrysler, as expert a machinist as ever stood at a lathe, as smart a trader as ever swapped a horse, wanted to buy it.

By the end of the fifth day the fat was in the fire. Onetime roundhouse...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!