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They agreed, and General Motors was incorporated on September 16, 1908. In fact, Durant almost purchased Ford in 1909. After getting GM in shape, Durant had Henry Ford agree to sell the company for $8 million. The loan committee of the bank, however, passed on this deal. If Durant had had the cash, Ford would have become a division of GM.
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Encyclopedia Of Detroit Durant, William C. The founder of General Motors, William Crapo Durant was born on December 8, 1861 in Boston, Massachusetts. He dropped out of high school to work at his grandfather’s lumberyard in Flint, Michigan. His grandfather, Henry H. Crapo, was governor of Michigan from 1864-1868. In 1885 Durant married Clara Pitt.
Oct 20, 2019 · General Motors Company (General Motors in abbreviation) was established in 1908 in Michigan by William C. Durant. Initially, it was no more than a holding company but it gradually became an automobile manufacturer after finishing several merging with other automobile brands. General Motors was listed as the largest automobile company in the ...
Jun 10, 2021 · One of the foremost businessmen to come out of age during the first thirty years of the twentieth-century is William Crapo Durant. Growing up in Flint, Michigan I can attest to the effect Durant had on the area. He founded the automotive giant that would later become General Motors, first by manufacturing shock-absorbing carriage seats to later ...
- Jesse Roberts
Louis Chevrolet and ousted General Motors founder William C. Durant started the company on November 3, 1911 as the Chevrolet Motor Car Company. Durant used the Chevrolet Motor Car Company to acquire a controlling stake in General Motors with a reverse merger occurring on May 2, 1918 and propelled himself back to the GM presidency.