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This newspaper page contains 5 articles. Subscribers can read the full text of each article.
Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Apr 21, 1923
Page
4
The article notes strong demand for enclosed cars led by Edox and Hudson models. It highlights the shift from open to closed styles, with Hudson reaching over 76 percent of production in enclosed coaches and three body types offered including touring cabriolet and coach. The trend is expected to continue.
Nash Motors Company directors meet in New York and declare a regular quarterly dividend of 1 3 4 per cent on the preferred A stock payable May 1 to shareholders of record April 20. The common stock dividend was not decided. last common dividend was 2 1/2 dollars on February 1. Factories run at capacity, orders backlog wide, profits for March likely above average. July meeting will consider a second common dividend.
Ford Motor Company unveils the Ford Weekly Purchase Plan to be carried by more than 9,900 dealers nationwide. The plan aims to benefit millions of families and shifts how motor car ownership is viewed, offering a modern means to purchase vehicles through dealer networks.
The Ford Weekly Purchase Plan enables more buyers to own and operate motor cars by offering regular payment terms that fit budgets, opening ownership to millions who cannot pay the full price upfront. The program targets a wider audience of potential car owners seeking manageable installments.
An article outlines a five dollar initial payment toward Ford cars trucks or Fordson tractors with ongoing payments deposited in a local bank and earning interest. The plan allows family members to contribute weekly toward purchase. It also notes a price reduction on Ford vehicles from October, the lowest in Ford history, and mentions a cylindrical cooker for automobile exhaust heat and 1921 motor tourist travel to national parks totaling 68,000.
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