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William Crapo Durant (December 8, 1861 – March 18, 1947) was a leading pioneer of the United States automobile industry and co-founder of General Motors and 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 company.
- William Crapo Durant, December 9, 1861, Boston, Massachusetts, U.S.
William C. Durant founded General Motors in 1908. Originally intended as a holding company for the Buick Car Company, within two years Durant brought some of the biggest names in the automotive industry, including Oldsmobile, Cadillac, Oakland (later known as Pontiac) and the predecessors of GMC Truck.In 1910, Durant lost control of the company to a banker’s trust as a result
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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. The two had a daughter, Margery, but ...
Nov 13, 2009 · September | 16. 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...
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.
Inducted 1968. Founded General Motors in 1908, transforming the nearly bankrupt Buick Motor Company and several small auto companies into an automotive empire. Established a business prototype still used by many successful motor vehicle companies. William Durant knew what he wanted and wasted no time getting it…even when he couldn’t afford it!
Nov 21, 2016 · Within weeks stock in the company was sold, raising more than $12 million (about $160 million today), and General Motors was born. Durant was a wheeler-dealer and soon bought control or interest ...
