Business & Finance: Motors-Yellow Cab

For some time, General Motors has had a hankering to enter the profitable business of making auto buses. It has been repeatedly rumored that the big auto concern was out after Mack Truck. Quite unexpectedly, however, came the news that it would take over control of the Yellow Cab Manufacturing Co. shortly, to be re-christened the Yellow Truck & Coach Manufacturing Co.

The purchase of Yellow Cab will be made without the use of cash, by a judicious plan of exchanging securities. First Yellow Cab will change its name and capital structure, having then...

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