American Austin Car Co., Inc. - 1930 dated Automotive Stock Certificate - Fantastic Condition
Inv# AS1021 Stock
Stock printed by American Bank Note. Great Title. Fresh Near Mint Condition. Rare!
The American Austin Car Company Inc., an American automobile manufacturing corporation based in Delaware, was founded on February 23, 1929. Initially, the company produced motorcars licensed from the British Austin Motor Company from 1930 to 1934. However, after filing for bankruptcy protection, the company was liquidated in 1935. The assets were acquired by Evans Operations, Inc., and a new company, American Bantam Car Company, was incorporated in June 1936.
American Austin Car Company established manufacturing operations in Butler, Pennsylvania, in premises previously owned by the Standard Steel Car Company. Their goal was to assemble and sell a version of the Austin 7 car in the United States, which they named American Austin. Despite initial success, the onset of the Great Depression led to a decline in sales, causing production to be suspended. In 1934, the company filed for bankruptcy protection, and in 1935, it was officially liquidated.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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