Auto Financing Legislation: Hearings Before the Antitrust Subcommittee (Subcommittee No. 5) of the Committee on the Judiciary, House of Representatives, Eighty-seventh Congress, First Session, on H.R. 71, a Bill to Supplement the Antitrust Laws of the United States Against Restraint of Trade Or Commerce by Preventing Manufacturers of Motor Vehicles from Financing and Insuring the Sales of Their Products, Part 2 |
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affiliated Allied Finance Company American Finance Conference antitrust laws ARNOLD auto automobile dealers automobile financing automobile manufacturers banks bill borrow cash Chairman Commercial Credit committee common stock competition competitors Congress consent decree consumer contracts Corporation cost CRABTREE customers Dallas debt December 31 discount dividends earnings EMANUEL CELLER factory finance and insurance finance business finance charges finance subsidiary Ford and Chrysler Ford dealers Ford Motor Co Ford Motor Company Ford Motor Credit franchise GEORGE MEADER GM dealers GMAC and FMCC GMAC's GOSSETT HOLTZMAN income increase independent finance companies industry Insurance Company interest legislation liabilities loans MALETZ McCULLOCH MEADER MISCH monopoly motor vehicles Motors Acceptance Corp Motors dealers November 30 October 31 operations outstanding percent preferred stock premiums profit purchase rates ratio receivables repair res adjudicata reserves retail financing sales finance companies share statement STEERE surplus taxes testimony Total trucks Vice President YNTEMA
Popular passages
Page 1589 - This section shall not apply to corporations purchasing such stock solely for investment and not using the same by voting or otherwise to bring about, or in attempting to bring about, the substantial lessening of competition. Nor shall anything contained in this section prevent a corporation engaged in commerce from causing the formation of subsidiary corporations for the actual carrying on of their immediate lawful business, or the natural and legitimate branches or extensions thereof, or from owning...
Page 1239 - The Sherman Act was designed to be a comprehensive charter of economic liberty aimed at preserving free and unfettered competition as the rule of trade.
Page 1021 - That any person who shall be injured in his business or property by reason of anything forbidden in the antitrust laws may sue therefor in any district court of the United States in the district in which the defendant resides or is found or has an agent, without respect to the amount in controversy, and shall recover threefold the damages by him sustained, and the cost of suit, including a reasonable attorney's fee.
Page 1020 - means commerce among the several States or with foreign nations, or in any Territory of the United States or in the District of Columbia, or between any such Territory and another, or between any such Territory and any State or foreign nation, or between the District of Columbia and any State or Territory or foreign nation.
Page 1007 - ... is binding only upon the parties to the action, their officers, agents, servants, employees, and attorneys, and upon those persons in active concert or participation with them who receive actual notice of the order by personal service or otherwise.
Page 1021 - Act to act in good faith in performing or complying with any of the terms or provisions of the franchise, or in terminating, cancelling, or not renewing the franchise with said dealer; provided, that in any such suit the manufacturer shall not be barred from asserting in defense of any such action the failure of the dealer to act in good faith.
Page 1003 - Jurisdiction of .this cause is retained for the purpose of enabling any of the parties to this decree to apply to the Court at any time for such further orders and directions as may be necessary or appropriate for the construction or carrying out of this...
Page 1019 - ... the duty of each party to any franchise, and all officers, employees, or agents thereof to act in a fair and equitable manner toward each other so as to guarantee the one party freedom from coercion, intimidation, or threats of coercion or intimidation from the other party : Provided, That recommendation, endorsement, exposition, persuasion, urging or argument shall not be deemed to constitute a lack of good faith.
Page 1138 - Columbia, or to any foreign country, any article or commodity, other than timber and the manufactured products thereof, manufactured, mined, or produced by it, or under its authority, or which it may own in whole, or in part, or in which it may have any interest direct or indirect except such articles or commodities as may be necessary and intended for its use in the conduct of its business as a common carrier.
Page 1130 - It rests on the premise that the unrestrained interaction of competitive forces will yield the best allocation of our economic resources, the lowest prices, the highest quality and the greatest material progress, while at the same time providing an environment conducive to the preservation of our democratic political and social institutions.