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Jun 10, 2021 · According to a biographer, Axel Madsen, in The Deal Maker: How William C. Durant made General Motors, Durant was an adept salesman from a young age. He traveled extensively around Michigan, successfully selling cigars. While late for a meeting, in 1886, Durant hitched a ride on the carriage of his friend, John Alger.
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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.
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Volume. 24. Issue. 5. 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. His last fortune had evaporated in the Depression of the 1930 ...
- Early Years = Early Successes
- Big Dreams = Big Risks
- Facing The End
- Durant The Dealmaker Or Durant The Dreamer?
William Crapo Durant was born on December 8, 1861, in Boston, Massachusetts, to William and Rebecca Durant. His mother came from a wealthy French family from Massachusetts, but Durant spent what historians call a “turbulent” childhood in Flint, Michigan. By the time he reached high school, he had little interest in his studies and eventually droppe...
Buick’s success made it the foundation of Durant’s future vision, especially since he signed a 15-year contract with Canadian automobile manufacturer Samuel McLaughlin that guaranteed Buick’s success for the next decade. Durant hoped to merge Buick with Ford, Maxwell-Briscoe, and Oldsmobile, which meant every company had to agree to the terms. Howe...
Durant’s growing financial struggle left him no other choice but to make a deal to resign from his position with GM in 1920 to satisfy his debts. With Durant finally back in the clear, he didn’t waste any time and established Durant Motors in 1921. But unfortunately, his timing was terrible, and the Great Depression ended Durant’s automotive dreams...
Durant’s success in establishing General Motors isn’t questioned. GM proudly stands as one of America’s “Big Three” automakers, with brands like GMC, Chevy, Buick, and Cadillacin its fleet. In this regard, Durant brought his vision to life. He created an automotive conglomerate held up by best-selling nameplates. Even more impressive is that his ap...
3 days ago · In 1876 Samuel McLaughlin started the McLaughlin Carriage company in Ontario, Canada, and by 1903 they were leaders in the industry. He also owned the Chevrolet Motor Company of Canada Limited and in 1915 the two became General Motors of Canada Limited. In 1886 William C. Durant started the Durant-Dort Carriage Company and by 1903 he had ...
William C. "Billy" durant. William C. "Billy" Durant ( December 8, 1861 – March 18, 1947) The Man Who Invented The Future. He was a super salesman—maybe the best that ever lived. He was a marketer extraordinaire, perhaps the most prolific in industrial history. He was a genius with organizational development, a master talent scout, and most ...
Durant built on Buick's success to create General Motors in 1908. Making Flint the birthplace of what became the world's largest industrial corporation. After bankers seized control of GM in 1910, Durant created the Chevrolet car with ex-Buick racer Louis Chevrolet and remarkably regained control of GM in 1916.
