What happened to the Dodge brothers?
The Dodge Brothers, John and Horace Dodge, were two of the most influential figures in the early American automotive industry. However, their lives were cut tragically short, leading to the eventual sale of the company they founded. This article delves into the fascinating story of the Dodge Brothers and the impact their untimely deaths had on the company they built.
The Rise of the Dodge Brothers
John and Horace Dodge were born in the late 19th century and grew up in Michigan. They were skilled machinists and engineers, and in 1903, they founded the Dodge Brothers Company, which initially produced parts for other automakers. The Dodge Brothers quickly gained a reputation for their high-quality workmanship and innovative designs.
In 1914, the Dodge Brothers began producing their own automobiles, and the company quickly became a major player in the industry. Their cars were known for their durability, reliability, and performance, and they soon became a popular choice among American consumers.
The Tragic Deaths of the Dodge Brothers
The Dodge Brothers' success was short-lived, however, as both John and Horace Dodge died unexpectedly in the early 1920s. John Dodge died in 1920 at the age of 52 from complications of the flu, while Horace Dodge died in 1920 at the age of 55 from cirrhosis of the liver.
The deaths of the Dodge Brothers were a major blow to the company they had built. Without their leadership and vision, the company struggled to maintain its momentum, and it was eventually sold to the Chrysler Corporation in 1928.
The Legacy of the Dodge Brothers
Despite the tragic end of the Dodge Brothers' story, their legacy lives on. The Dodge brand remains one of the most recognizable and respected names in the automotive industry, and the company they founded continues to produce high-quality vehicles that are beloved by drivers around the world.
The Dodge Brothers' story is a testament to the power of innovation, hard work, and perseverance. While their lives were cut short, their impact on the automotive industry and American culture as a whole is undeniable.
What happened after the Dodge brothers died?
With the death of John and Horace Dodge, their widows inherited the company. But management foundered without the brothers and in 1925 financial advisors recommended that the Dodge Brothers' widows sell their interests in the company. Three years later, Walter P.
How much of Ford did the Dodge brothers own?
10%
Two brothers, John Francis Dodge and Horace Elgin Dodge, owned 10% of the company, among the largest shareholders next to Ford.
Were the Dodge brothers alcoholics?
John Dodge and his brother Horace were notorious drinkers who ruffled feathers in genteel Detroit society. Perhaps the most tangible reminder of Prohibition is the China Vault of The Hall, tucked away in the entertainment level.
Who bought out the Dodge brothers?
Chrysler Corporation
Is RAM owned by Dodge anymore?
When Did Dodge and RAM Split? Chrysler acquired Dodge in 1981 and kept their most popular models, including RAM pickup trucks. From 1981 to 2009, their pickup trucks were named “Dodge RAM,”. After 2009, RAM trucks became its own brand.
Who owns Dodge now?
StellantisDodge / Parent organization
In 2014, Fiat completed the acquisition and formed Fiat Chrysler Automobiles (FCA). FCA later merged with Peugeot Invest and formed a new entity called Stellantis in 2021. Today, Stellantis owns multiple major auto brands, including Dodge, Jeep, Chrysler, Ram, Fiat, Opel, Maserati, Citroen, and Peugeot.
Who owns most of Ford?
Ford is mainly owned by institutional investors, who own around 60% of shares. The largest shareholders in December 2023 were: The Vanguard Group (8.71%) BlackRock (7.20%)
Who is the current owner of Dodge?
Stellantis
In 2014, Fiat completed the acquisition and formed Fiat Chrysler Automobiles (FCA). FCA later merged with Peugeot Invest and formed a new entity called Stellantis in 2021. Today, Stellantis owns multiple major auto brands, including Dodge, Jeep, Chrysler, Ram, Fiat, Opel, Maserati, Citroen, and Peugeot.
What happened between Henry Ford and the Dodge brothers?
Ford Motor slashed its dividend in 1916 and minority stockholders—the Dodge brothers—successfully sued Ford Motor Company for a big dividend payout. Ford had justified skipping the dividend because he sought to do well for employees and America's car buyers, with corporate profits a secondary motivation.
What happened to the Dodge brothers' fortune?
At the time of their death, the Brothers were worth $100 million dollars in todays currency. The fortune left behind was split between the family, the City of Detroit, and the industry itself.
