Cadillac

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Cadillac

expensive automobile and status symbol. [Trademarks: Crowley Trade, 83]
See: Luxury
Allusions—Cultural, Literary, Biblical, and Historical: A Thematic Dictionary. Copyright 2008 The Gale Group, Inc. All rights reserved.
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On this day 110 years ago, General Motors Company (NYSE:GM) acquired Cadillac Automobile Company for $4.5 million.
Ford went on to launch the highly successful Ford Motor Company (NYSE:F), but the assets of the Henry Ford Company were used to form Cadillac Automobile Company in 1902.
This Day In Market History: GM Buys Cadillac For $4.5M

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