Tag Archive | dodge

May 14, 2009 Timeline: How Chrysler Crashed

On May 14, 2009, Chrysler left 789 dealerships, about a quarter of its dealer base, out in the cold by rejecting their franchise agreements and giving them about a month to sell all their remaining new cars, factory parts and service equipment. After almost 95 years selling Dodges, Reed Brothers was one of the 15 dealerships in Maryland and 789 dealerships nationwide notified by Chrysler that their franchise agreement would not be renewed.

Here is a timeline on how Chrysler crashed:

1920s
Walter P Chrysler purchased the Dodge company and swiftly built a portfolio of auto brands including Plymouth and Chrysler. Within five years he was competing with Ford and General Motors.

1970s
After the 1973 energy crisis Chrysler’s range of big gas-guzzling cars and a couple of recalls left it with big problems. The legendary Lee Iacocca was hired in 1978. With the help of government loans, the former Ford executive rescued the firm and rebuilt it during the 1980s, buying Jeep along the way.

1990s
Iaccoca retired in 1992. In 1998 Chrysler merges with Daimler-Benz in a $37bn deal to become DaimlerChrysler, based in Germany. It was supposed to be a merger of equals, but Daimler was in the driving seat and Chrysler swiftly fell into losses.

2007
February 13,000 job cuts announced. Daimler says its open to offers for Chrysler.
April Activist investor Kirk Kerkorian tables a bid for Chrysler.
May Daimler sells 80% of Chrysler to private equity group Cerberus for $7.4B. The German group retains a 20% stake.

2008
October General Motors reported to be in merger talks with Chrysler. Nissan considers bidding for 20% of Chrysler to add to its alliance with Renault. Chrysler announces 5,000 job losses. Daimler says its 20% stake is worthless.
November Chrysler boss Bob Nardelli says the firm needs merger or bailout to survive. Sales down 35% in a year. GM asks US treasury department for $10bn so that it and Chrysler can merge. Cerberus demands $7B from Daimler to cover post-acquisition losses. German group says claims are baseless.
December The Senate refuses the bail-out. Chrysler says it is short of cash and likely to file for bankruptcy. All plants to close for a month. President George Bush finally approves a $13B rescue loan for the big three US carmakers.

2009
January US government provides $4B cash. Chrysler reported to be in talks to sell assets, maybe the Jeep brand, to Renault. Fiat proposes taking 35% stake in return for access to technology and overseas distribution networks
March Nardelli backs Fiat plan to save jobs and asks government for another $5B. Obama gives Chrysler 30 days to do a deal with Fiat – or go bankrupt.
April Chrysler’s banks talk to US government about debt for equity swap

MD Dealers shut down

Maryland Dealers shut down

Via: theguardian

4 Years, 135 Posts & Thank You

4 Year Anniversary

Today marks the 4-year anniversary of this blog. It’s been an honor to share the history of Reed Brothers Dodge – whether you’ve read our blog, followed us on Twitter, or “liked” us on Facebook. I would like to thank those mentioned below, and many others, for their kind words and the visibility they have provided.

To help review the past year I thought I’d search around on the Internet and see what others have been saying about us.

Included among the posts on our Facebook page:

I’m the curator of the Dodge Brothers exhibit at Meadow Brook Hall outside of Detroit…. I’ve been following the great history on your Facebook page and blog for a while”

“Want more information. Please post more!”

Online and in print:

  • Norris-Banonis.com Three of Reed Brothers Dodge photographs were featured in the month of May 2015 Norris-Banonis Automotive Wall Calendar which features a 1952 Dodge Coronet. The main part of the calendar features a photograph of Lewis Reed and a small snippet of history.

1915: Lewis Reed opened a Dodge Dealership in Rockville, Maryland. When his brother Edgar returns home from WWI, he gives him 1/3 interest. Eventually, the Reed Brothers will carry Hudson, Oldsmobile, Goodyear Tires, and General Electric Appliances. They will also open the first Gulf brand gasoline station in the area.

At the bottom of the calendar, there is a photo of the 1936 Reed Brothers Dodge canopied Gulf Gas Station and Lewis Reed’s original 1915 Rockville Garage.

Reed Brothers Dodge MAY 1952 Dodge Calendar

  • Peerless Rockville: As a part of Peerless Rockville’s “On the Go: Rockville Pike and Car Culture” lecture series, Peerless Rockville Historian, Dr Teresa Lachin offered a glimpse into the history of Reed Brothers Dodge as one of the City’s oldest and longest lasting automobile businesses.

On the Go: Rockville Pike and Car Culture

  • SR/A Interior Architecture + Design and La Collection: With their reputation for the use of historically referenced materials and detailing, SR/A Interior Architecture and Design of Bethesda embarked on a challenge to pay tribute to a century of history at the Bainbridge Shady Grove Metro Apartments.

SR/A Interior Design Bainbridge

SR/A Interior Design Bainbridge

Sculpture commemorates Rockville's legendary Reed Brothers Dodge

Blog Post Snippet

On National Television!

  • History Channel’s American Pickers Hit Reed Brothers Dodge Blog! The television show that’s watched by about 2.7 million people on the History Channel each week found a 1927 photo of Reed Brothers Dodge on our blog and asked permission to use it in one of their episodes. The image was used in Season 7, Episode 34: “Can’t Catch a Break” when Mike and Frank find an old Dodge Brothers sign. Mike explains a bit of the history of the company and he used the photograph during his explanation.

Reed Brothers Dodge on American Pickers

Last, but certainly not least, I would like to thank YOU for stopping by. I appreciate your patronage, whether it be via our blog, Facebook, Twitter, Pinterest or other social media.

Thank You Note

 

Peerless Rockville Newsletter Feature

It was 100 years ago in October 1915,  that Lewis Reed signed a franchise agreement with brothers Horace and John Dodge in Detroit. Since then, the business that Lewis Reed founded grew and transformed into Rockville’s oldest family-owned and operated Dodge dealership.

Last October, I was invited to write a feature article for the Winter issue of Peerless Rockville’s Newsletter highlighting the 100th anniversary of Reed Brothers Dodge. Peerless Rockville Historic Preservation, Ltd. is an award-winning nonprofit, community-based organization founded in 1974 to preserve buildings, objects, and information important to Rockville’s heritage. Their official website can be found here.

Pictured below is page 3 of the newsletter of the Peerless Places series highlighting Reed Brothers Dodge. (click image to enlarge)

Peerless Rockville

1951 NADA Magazine Feature

In 1947, Reed Brothers Dodge added a separately maintained glass shop in their service department which was equipped to replace all types of automobile glass. In addition to auto replacements, glass was also cut for mirrors and table tops. Another innovation of the repair department was a separate paint and body shop which was located next to the glass shop. Reed Brothers was capable of repairing all makes and models from all manufacturers with factory-prepared paints available to match any color of car.

Below, the November 1951 issue of NADA (National Automobile Dealers Association) Magazine highlighted a special article in the Service section on Reed Brothers Dodge Glass Shop. (click on images to enlarge)

NADA Magazine, Vol. 23, No. 13 November, 1951
Glass Shop Boosts Repair Business by Albert S. Keshen, Staff Correspondent, N.A.D.A. Magazine
Two Brothers Operate This Dealership

NADA Magazine Glass Shop Boosts Repair Business

2015-10-12_15-57-31

Reed Brothers Dodge

Reed Brothers front after reconstruction of Gulf Gasoline station. The concrete ramp on the left led up to the Auto Glass and Body Repair Shop