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Automotive News Briefs: February 16, 1917

Automotive News Briefs: February 16, 1917

Stutz Motor Co. Earns $649,042.
The New York Times

The Stutz Motor Company issued its first annual report yesterday showing net profits in 1916 of $649,042. This was equivalent to $8.65 for each share of stock outstanding. In the final seven months of the year the value of motor cars sold was $1,771,338, and from this a profit of $381,051 was retained. The corporation produced 1,535 cars in 1916, an increase of 42 per cent. over the preceding year.