BIG MERGER IN THE MOTOR BUSINESS.
» A largo company has been formed with tho objccts of taking over and amalgamating tho interests of Tho Dominion Motor Vehicles, Ltd.. of Wellington, and The Universal Motor Co., of Christehurch. Both these concerns have largo warehouses and showrooms in tho respective centres. Tho former is regarded as being ono of the largest and roost successful motor businesses in the Dominion. The new company, which will liavo a capital of £70,000, will bo under tho control of Mr C. li. Norwood, of Wedlington, as managing director and will bo known as The Dominion Motors, Ltd. Speaking to a reporter yesterday, Mr jßedpath, ono of the directors in the new company, said that the motor business to bo a success must be conducted on a large scale. The motor car for pleasure purposes has given to tho , public a new and alluring form of health * revivification, which can be enjoyed by the aged as well ns the young, and it is 0,n.1y a question of time when every one who can afford a motor car will possess one. The uc-e of the motor car for transport and commercial purposes is only in its infancy in this country. It is quite clear that the horse must go and bo replaced by mechanical transport. The shareholders of the new company are all men well able to look after tho future so far ns capital is concerned, and it is hoped that by larger buying and by not having the risk of the credit pysrem, that the new concern will bo able to cater for the motoring requirements of the public more economically and give better services. It is tho intention of the new company to extend its organisation to all parts of New Zealand, so that motorist* on tour mny have symnathetic attention and service wherever they may be. The managing director will shortly leave, for "FVnsr'nnd nnd America to investigate tho Farm Tractor and heavy commercial vehicle business, and it is tho intention of the new con»prn to hnvc n department to snceinlise on this brnnch of business. Thorn great, for tho vehicle Jn some narts of Zoa'ajid. and it i« honed to nut tl"'? business on a sound and flouirsing basis. 1
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BIG MERGER IN THE MOTOR BUSINESS., Press, Volume LV, Issue 16546, 11 June 1919
BIG MERGER IN THE MOTOR BUSINESS. Press, Volume LV, Issue 16546, 11 June 1919
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