Jack Cooper, a big trucking company that carried cars for almost 100 years, recently closed down. This happened quickly after it lost two major customers: Ford and General Motors (GM).
- Ford ended its contract with Jack Cooper.
- GM wanted to help Jack Cooper get more money, but only if Ford helped too.
- Jack Cooper couldn't get Ford and GM to agree, leading to its closure.
| Fact | Details |
|---|---|
| Years in Business | Almost 100 |
| Ford's Notice | 30-day contract termination |
| Rejected Investment | $200 million |
