History of Reo
In 1905, he founded the American car company "REO", specializing in the production of cars and trucks. The company founder, ransom olds, already had experience of doing business in the automotive business, creating earlier mark "Oldsmobile". Initially, ransom had planned to concentrate on producing trucks for the armed forces of the United States of America, in parallel producing cars under the brand "Oldsmobile", which suffered serious financial difficulties. However, in 1907, ransom olds sold the controlling stake "Oldsmobile" William Durant, which in consequence-based brand has created a group of companies "General motors".
The prototypes of the first serial car models REO were introduced in 1907 and in 1908 saw the light of light freight cars equipped with power units with a capacity of up to 35 horsepower. In addition, at the end of 1908 were represented engines for passenger cars, created in conjunction with the company "Brush". When part of this brand, on the production capacities of "REO" was deployed to the production of such models, as Runabout, Cole is 30, a Model M and A.
And with the outbreak of the First World War, at the company's plants "REO" was deployed to the production of military trucks, and were presented prototypes of aircraft engines, which were put into mass production during the years of the Second World War, when the "REO" became the official supplier of the U.S. government.
In 1946, when the economy all over the world, freed from military situation gradually began to recover, the company began production of commercial vehicles, industrial and trucks, and buses. The first 2 decades of business was bad, but by the early 70-ies "REO" began to play in the competitive struggle, gradually losing demand. And in 1975 was declared the bankruptcy of the company.