Addenda
A little more digging produced the following addenda to the above information:
1) ELECTROLUX USA & CANADIAN SUBSIDIARIES PARTNERSHIP BEGINS EARLIER According to Doug Smith's information, the USA & Canadian Electrolux Subsidiaries' alignment began earlier than 1957, although that's when some notable updates debuted in Canada such as the new painted metal body design and automatic shut-off (introduced in Europe with the Z90 in 1964). In fact, the cord reel (also first available with the Z90) became a Canadian option in 1953 and disposable bags in 1956 after test-marketing the U.S. products.
2) AB LUX MERGES WITH ELECTROLUX GROUP Electrolux Group's Annual Report of 1957 stated: "AB Lux, Stockholm, the owner of the premises at Lilla Essingen where the Company carries on manufacture, has merged with the Parent Company, resulting in these buildings being taken over by the Company ... "
3) ELECTROLUX GROUP SELLS ALL ITS CANADIAN SHARES TO ELECTROLUX CORPORATION Here's an excerpt from Electrolux Group's 1961 Annual Report (published April 12, 1962):
"As noted later in this report, the shares of Electrolux (Canada) Ltd., Montreal, were sold before the end of 1961. For that reason, the sales of that Company, are included for eleven months only."
"'Dividends received from other Companies' consist primarily of a dividend of $1.30 per share on the Company's holding of 350,000 shares in Electrolux Corporation, New York. This Company, which does not belong to the Group, showed an improved profit figure for 1961, as compared with 1960. An increased dividend of the first quarter of this year was declared.
"The Company's holding of the entire stock of shares in the Canadian Subsidiary was sold to Electrolux Corporation, New York, towards the end of last year. The main part of the cash received from the sale will be used in acquiring further shares in Electrolux Corporation, as per agreement ..."
