The Acquisition of Fisher Body By General Motors
指出,通用汽车1926年收购费雪车身公司并非因为后者要挟,而是收购剩余40%股份;费雪并未将工厂建在远处或采用低效生产方式,所谓要挟说法缺乏事实依据。
It is commonly said that in 1926 General Motors was led to acquire its supplier of automobile bodies, Fisher Body, because Fisher Body held up General Motors. It is claimed that Fisher Body did this by locating its body plants far away from the General Motors assembly plants and by adapting inefficient methods of production, thus increasing both the cost of producing bidies and the profits of Fisher Body under its cost‐plus contract. This tale is factually incorrect. What General Motors acquired in 1926 was the 40 percent of the shares of Fisher Body that it did not already own. Furthermore, Fisher Body did not locate its plants far away from the General Motors assembly plants. It is also most implausible, for many reasons, that the Fisher brothers would have used inefficient methods of production. There is no evidence that a holdup occurred.