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William Crapo Durant (December 8, 1861 – March 18, 1947) was a leading pioneer of the United States automobile industry, founder of General Motors and co-founder of Chevrolet. He created a system in which a company held multiple marques – each seemingly independent, with different automobile lines – bound under a unified corporate holding ...
Nov 13, 2009 · On September 16, 1908, Buick Motor Company head William Crapo Durant spends $2,000 to incorporate General Motors in New Jersey. Durant, a high-school dropout, had made his fortune building horse ...
The Renaissance Center in Detroit, Michigan, is the world headquarters of General Motors.. The history of General Motors (GM), one of the world's largest car and truck manufacturers, dates back more than a century and involves a vast scope of industrial activity around the world, mostly focused on motorized transportation and the engineering and manufacturing that make it possible.
American History . 1908 . General Motors is formed . William Durant combined Buick, Olds, Cadillac, Elmore and Oakland to create what is now General Motors Incorporated. Durant offered different brands in order to target a broad market of incomes and preferences. In 1904, he invested in the Buick brand and used the
Durant paid $13.5 million (the equivalent of almost $300 million in 2016) for Hyatt and named Alfred Sloan president of United. Two years later Durant merged United Motors into General Motors and made Sloan a vice‐president and member of the GM Executive Committee. A stockholders’ revolt in 1920 forced Durant out.
Dec 1, 2016 · Abstract. This paper constructs an alternative account of resource stewardship at General Motors (GM) during the period 1909–1940. Alfred Chandler employed GM in his text ‘Strategy and Structure’ to explain the development of the modern corporation. This understanding can be employed to contrast an ‘old-economy’ with a ‘new-economy ...
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Jul 1, 2008 · Those things were unimaginable 100 years ago. General Motors Co. (GM) was formed in New Jersey on Sept. 16, 1908. A former carriage maker named William “Billy” Durant started the company with a working capital of $2,000 and set out to change the auto industry. Within 12 days, stock offerings generated $12 million.
