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...

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!