The term 'OLDS' CAR COMPANY' can be summarized by the three-letter acronym REO. This acronym stands for the Ransom E. Olds Motor Vehicle Company, which was founded in 1897 by Ransom Eli Olds. The company was one of the first to mass-produce automobiles and is credited with pioneering the modern assembly line. The company's most popular model was the REO Speedwagon, which was produced from 1915 to 1936.