Difference between revisions of "CIP"

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In 1921, [[STAR]] (Società Torinese Automobili Rapid) fell into difficulties and was bought up by [[Constantino Petromilli]], starting in 1922 with the small car brand '''CIP''' (Cyclecar Italiana Petromilli) production started. The most popular model was the 1075 C.I.P. N, a four-cylinder engine with 1,075cc components. In 1924, with production set in [[Turin]], the [[Cyclecar]] era started nearing it's end and C.I.P. closed it's door in 1925.
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'''CIP''' (Cyclecar Italiana Petromilli), founded by [[Constantino Petromilli]] in 1921, bought up [[STAR]] (Società Torinese Automobili Rapid) which fell into difficultie.  
  
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[[Constantine Petromilli]], continued the sale of stores while keeping the name STAR. Four years later, June 25 1925, the liquidation was complete. After the final statement, it showed a surplus of 107,000 lire, to be distributed to over 70,000 regular shares valued at 25 pounds each, with an allotment equal to one pound and fifty.
  
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A final game of destiny lied in the acquisition of buildings and machinery by the company, a company founded by his brother [[Matthew Petromilliin]] in 1906. Of all the brothers only John was in a position over [[Constantino Petromilli]], shortly afterwards he retired, but their companies continue to interact and merge with each other.
  
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The most popular model was the 1075 C.I.P. ''N'' which had a 1,075cc four-cylinder engine. In 1924, with production was set in [[Turin]] where the [[Cyclecar]] era started nearing it's end and C.I.P. closed it's door in 1925.
  
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Latest revision as of 08:24, 23 January 2011

CIP logo.png


1922 - 1925

CIP (Cyclecar Italiana Petromilli), founded by Constantino Petromilli in 1921, bought up STAR (Società Torinese Automobili Rapid) which fell into difficultie.

Constantine Petromilli, continued the sale of stores while keeping the name STAR. Four years later, June 25 1925, the liquidation was complete. After the final statement, it showed a surplus of 107,000 lire, to be distributed to over 70,000 regular shares valued at 25 pounds each, with an allotment equal to one pound and fifty.

A final game of destiny lied in the acquisition of buildings and machinery by the company, a company founded by his brother Matthew Petromilliin in 1906. Of all the brothers only John was in a position over Constantino Petromilli, shortly afterwards he retired, but their companies continue to interact and merge with each other.

The most popular model was the 1075 C.I.P. N which had a 1,075cc four-cylinder engine. In 1924, with production was set in Turin where the Cyclecar era started nearing it's end and C.I.P. closed it's door in 1925.


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