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Collectible Stocks and Bonds

Minerva Motors bond 1903

$125.00 $89.95
(You save $35.05)

Minerva Motors bond 1903

$125.00 $89.95
(You save $35.05)
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minerva motors
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Minerva Motors bond 1903 - Belgium

Minerva started out manufacturing standard safety bicycles in 1897, before in 1900 expanding into light cars and "motocyclettes", particularly motorized bicycles which were a forerunner of motorcycles.

In 1902 De Jong added cars to his production as well with a 6 hp four-cylinder model. In 1903 he founded Société Anonyme Minerva Motors in Berchem (Antwerp). Volume car production began in 1904 with a range of two-, three- and four-cylinder models with chain drive and metal clad wooden chassis and the Minervette cyclecar. The 8-litre Kaiserpreis won the Belgian Circuit des Ardennes race in 1907.

 During World War I Sylvain de Jong and his engineers were based in Amsterdam where they maintained development of their automobiles. Minerva cars were used for hit and run attacks against the Germans initially with rifle fire and light machine guns from simply protected open topped vehicles. These vehicles became increasingly sophisticated until trench warfare robbed them of the mobility needed for their hit and run tactics.

 In 1920, they returned to Belgium to restart the production of luxury cars with the 20CV 3.6-litre four-cylinder and 30CV 5.3-litre six-cylinder models. The manufacturer's star rose not only in Europe, but in the United States as well where American film stars, politicians and industrialists appreciated the cars. The Minerva had the same quality as the Rolls-Royce, but was slightly less expensive.

 With the financial crisis in the 1930s, the company was restructured as Société Nouvelle Minerva but in 1934 merged with the other major Belgian constructor Imperia. Imperia continued to make Minervas for a year and the AP until 1938 and from 1937 badged some of their cars and trucks for export to England and France as Minerva-Imperias. Just before the outbreak of the war, a group of businessmen from Verviers bought out Minerva.

 After World War II the company produced a version of the Land Rover under license for the Belgian army up to 1953. There were plans to re-enter the car market but these did not get beyond the prototype stage. The company struggled for survival and made the Continental-engine Land Rover-like C20 until 1956.  Minerva went bankrupt in 1958.

 

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