Autos: Detroit's Fast Start

Meeting in their 54th-floor board room in Manhattan's new Pan Am Building, directors of the Chrysler Corp. last week gave Wall Street some of the best news it has heard all year.

They agreed to split Chrysler stock 2-for-l and to maintain the quarterly dividend of 250 on each new share, in effect doubling the dividend. It was the second time this year that Chrysler had split its shares and doubled its dividend.

Autos, if anyone did not already know it, are having a boom year — and Chrysler, because of the management stream lining of Chairman George Love and President...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

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