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On
August 3, 1911 Durant and Mason, who was the Buick Engine Superintendant
since 1903, incorporated the Mason Motor Company, leasing space
from the Flint Wagon Works plant on West Kearsley Street in Flint,
Michigan (photo on left). The company would soon receive an order
from the yet-to-be-incorporated [see editor's note in previous
paragraph ] "Chevrolet car company" for 2,500 four cylinder
engines for the first year, as reported in the Flint Daily Journal
August 5, 1911 edition.
Flint
Wagon Works President C.M. Begole and treasurer W.S. Ballenger
made a deal with Durant on September 13, 1911 to sell him the
Flint Wagon Works including the entire property, goods, and equipment
for $10 cash and stock in his new car manufacturing company -
a company not yet formed! Durant accepted and the Flint Wagon
Works shareholders approved the purchase at their meeting on October
12th. A $200,000 bond yielding 5% was issued to former president
of the wagon works, J.H. Whiting (former president of the Flint
Wagon Works and its largest stockholder who had just been voted
out of being President by the Flint Wagon Works Board of Directors)
as a settlement to his court claim against the company. The lawsuit
stemmed from money owed him for personal loans made to the company.
The rest of Flint Wagon Works debt was owed to Begole and Ballenger
from a $1.2 million Little Motor Company stock issue, while other
stockholders received an exchange worth 25% on the dollar.
Thus,
the Little Motor Company was incorporated October 30, 1911 in
Flint and took over the facility that was already tooled to manufacture
/ assemble the Whiting motor cars.
The
Flint Daily Journal reported on October 31st that the Little Car
Company would build a six cylinder touring car and a four cylinder
roadster.
The
Chevrolet Motor Car Company was incorporated on November 3, 1911
in Michigan by Durant, Louis Chevrolet, William Little, and Edwin
Campbell (William Durant's son-in-law). Headquarters were based
in Detroit at the West Grand Boulevard plant. Louis Chevrolet
was awarded $10,000 in stock in the Chevrolet Motor Company but
Bill Little received at least $250,000 in stock.
The
Flint Daily Journal of November 10, 1911 reported that an experimental
Little Four was assembled at Chevrolet Motor Company's Detroit
plant and shipped to the Little Motor Company in Flint by express
rail on November 9th. No photographs are known to exist of this
prototype.
No
vehicles were produced in 1911 by the Detroit plant though two
prototypes were completed by Louis Chevrolet and his team. The
Little mentioned above and the second prototype, the future big
six touring car - pictured here circa late 1911 with Louis Chevrolet
in the driver's seat.
1911
ended without a single car from Little or Chevrolet in production.
Durant finished November and December of 1911 at the Flint Wagon
Works building wagons and completing the last of the Whiting motor
cars left from the buyout. Production of the first car, the Little
Four, would begin the following year.