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Under an order from a federal judge, $273,000, or 44 percent of the debt, was eventually paid to creditors. [26] In 1914, a new entity, named the New Columbus Buggy Co., was incorporated with $500,000 in capital under a new ownership group, including C. A. Finnegan and E. D. Hoefeller of Buffalo, New York. [27]
By 1910, the company was producing all its parts and selling its cars in the range of $4,500 to $5,000. From 1911 Cunningham offered complete automobiles that were illustrated in its first catalogue. They were hand-built and production was slow: one and a half cars per worker per year from a workforce of 450.
Sales were phased in regionally across the US in 1959, starting in New York and New England. Nationally, introduction of the Checker Superba took place at the Chicago Auto Show on February 8, 1960. Checker continued to expand its dealer network on a regional basis. The first new market after New York City was Boston and parts of New England.
However, it clarified that vintage or classic cars and jeeps mean old and used automotive vehicles, falling under PCT Code 87.03 of the First Schedule to the Customs Act 1969 (IV of 1969), manufactured prior to January 1, 1968.
If the owner has "Total Loss Coverage," he or she will have to personally cover the "gap" of $5000, and then receive $5000 toward the purchase or lease of a new vehicle, thereby either reducing monthly payments, in the case of financing or leasing, or the total purchase price in the case of outright purchasing.
The car was sold to a museum in 1963, but its owner was unaware of the car's rarity and used it as a donor to other Cadillac models in its collection. The car then spent over 50 years in storage until it was purchased by another museum, where it is currently on display in Caçapava . [ 43 ]
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