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William Crapo Durant (December 8, 1861 – March 18, 1947), also known as Billy Durant, was a leading pioneer of the United States automobile industry, who created a system in which a company held multiple marques – each seemingly independent, with different automobile lines – bound under a unified corporate holding company.
- William Crapo Durant, December 9, 1861, Boston, Massachusetts, U.S.
- March 18, 1947 (aged 85), New York City, U.S.
- Margery Pitt Durant (1887–1969), Russell Clifford Durant (1890–1937)
- Business
Nov 13, 2009 · September 16 William Durant creates General Motors On September 16, 1908, Buick Motor Company head William Crapo Durant spends $2,000 to incorporate General Motors in New Jersey. Durant, a...
William C. Durant was an American entrepreneur who co-founded the automobile company 'General Motors Corporation.' He ventured into the vehicle industry through his 'Flint Road Cart Company,’ later renamed the 'Durant-Dort Company,' in Michigan, which eventually became the largest manufacturer of horse-drawn vehicles in the country.
Apr 19, 2021 · William Crapo Durant, (born Dec. 8, 1861, Boston—died March 18, 1947, New York City), American industrialist and founder of General Motors Corporation, which later became one of the largest corporations in the world in terms of sales.
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Jan 12, 2013 · On September 16, 1908, Durant incorporated General Motors of New Jersey (GM) with a capital investment of $2,000. Within 12 days the company issued stocks that generated over $12,000,000 in cash. General Motors then purchased Buick with stock. Six weeks later, GM acquired the Olds Corporation of Lansing, Michigan.
May 27, 2021 · In 1886 William C. Durant started the Durant-Dort Carriage Company and by 1903 he had factories in the United States and Canada that provided a variety of components to Buick and and McLaughlin, among others. In 1904 Durant bought the Buick Motor company from Whiting and then contracted with McLaughlin to build his engines and drivetrains.
Executive summary:Founder of General Motors William C. Durant's father was a successful banker and stock speculator, and his maternal grandfather, Henry Howland Crapo, was a lumber and railroad magnate who was Mayor of Flint when Durant was born and later became Governor of Michigan.
- December 8, 1861
- March 18, 1947
On March 18, 1947, at 2:15 A.M., William Crapo Durant, founder of General Motors and Chevrolet and the “leading bull” in the great stock-market boom and crash of the late 1920’s, died at his New York City apartment with his wife and nurse in attendance.
General Motors was capitalized by William C. Durant on September 16, 1908, as a holding company. The next day it purchased Buick Motor Company, and rapidly acquired more than twenty companies including Oldsmobile, Cadillac, Oakland, later known as Pontiac, and McLaughlin of Canada.
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