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    • Innovative business strategy

      • By gathering the wisdom of these towering figures in the car industry and adjusting the company’s goals based on consumers’ needs, Durant revolutionized the car industry with his innovative business strategy, which ultimately led General Motors to become the great automotive empire that it is today.
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  2. Apr 26, 2023 · By gathering the wisdom of these towering figures in the car industry and adjusting the company’s goals based on consumers’ needs, Durant revolutionized the car industry with his innovative business strategy, which ultimately led General Motors to become the great automotive empire that it is today.

  3. He believed that the key to success in the automobile industry was creating an organization that made a wide variety of models and controlled its own sources of parts. In order to realize this vision, he created General Motors through a merger of Buick, Cadillac, Oldsmobile, Oakland (later Pontiac) and numerous parts manufacturers.

  4. Jun 10, 2021 · Durant’s successful career in automotive manufacturing we’re because of three major traits, his ability to absorb other businesses, his ability to hire tremendous organizers and his ability to sell.

    • Jesse Roberts
  5. William C. Durant built General Motors and contributed significantly to the growth of the world-wide automotive industry. This book presents the story of Durant's life and career. From a position of bringing together 25 firms under the GM banner in 1910, Durant subsequently lost his fortune on the Stock Market and died a poor man.

  6. Dec 3, 2021 · William C. Durant had only founded General Motors itself in September 1908 to act as an umbrella company as he expanded his automotive empire. You may or may not have heard of Mr. Durant, but his prominence in the early days of American-made automobiles can’t be understated.

  7. Durant not only purchased automobile companies, but also truck and parts supply companies, including AC-Delco. In 1910, Durant lost control of GM to the bank, but after forming Chevrolet Motor Company in 1911, with Louis Chevrolet, was able to buy it back in 1916.

  8. In 1908 Durant formed General Motors, which eventually produced Buick, Oldsmobile, Cadillac, Oakland and later, Chevrolet as well as other companies supporting the automotive industry. General Motors became the largest automobile company in the United States, next to Ford Motor Company.