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  1. William C. Durant - Wikipedia

    en.wikipedia.org › wiki › William_C

    William C. Durant. For the historian William James Durant, see Will Durant. 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 ...

    • Biography

      Born in Boston, Massachusetts, Durant was the son of William...

    • Buick

      From his holdings in Durant-Dort Carriage Company, Durant...

    • General Motors

      Utilising Buick as the base, along with a 15-year contract...

    • Biography
    • Buick
    • General Motors
    • Wall Street and Later Years
    • Durant's Castle
    • Further Reading
    • External Links

    Born in Boston, Mass­a­chu­setts, Du­rant was the son of William Clark Du­rant and Re­becca Fol­ger Du­rant (née Crapo), who was born to a wealthy Mass­a­chu­setts fam­ily of French de­scent. His mother, Re­becca, was the daugh­ter of Michi­gan gov­er­nor Henry H. Crapo, who was also of French de­scent. William dropped out of high school to work in his grand­fa­ther's lum­ber­yard. He started out as a cigar sales­man in Flint, Michi­gan, and even­tu­ally founded his own car­riage com­pany. In 1886, Du­rant part­nered with Josiah Dal­las Dort and founded Flint Road Cart Com­pany, even­tu­ally trans­form­ing $2,000 in start-up cap­i­tal into a $2-mil­lion com­pany with world­wide sales. By 1890, the Du­rant-Dort Car­riage Com­pany, based in Flint, had be­come a lead­ing man­u­fac­turer of horse-drawn ve­hi­clesand by the start of the 20th cen­tury, was the largest in the US. Du­rant was highly skep­ti­cal of au­to­mo­biles, feel­ing that the bad smell of burnt fuel, along with the en­...

    From his hold­ings in Du­rant-Dort Car­riage Com­pany, Du­rant was a millionaire. On No­vem­ber 1, 1904 Du­rant as­sumed con­trol of the trou­bled Buick Motor Com­pany and used the fi­nan­cial and man­u­fac­tur­ing re­sources of Du­rant-Dort to cor­rect Buick's course. With Du­rant push­ing and mar­ket­ing the Buick name, the com­pany was able to be­come the best-sell­ing au­to­mo­bile in Amer­ica, out­per­form­ing ear­lier lead­ers Ford Motor Com­pany, Cadil­lac, and Oldsmo­bile, and de­spite hav­ing no man­u­fac­tur­ing line and only a few ex­tant cars, or­ders tal­lied over 1100 - all of this by the time of the 1905 New York Au­to­mo­bile Show. Du­rant and Samuel McLaugh­lin, McLaugh­lin's being the largest car­riage man­u­fac­turer in Canada, signed a 15-year con­tract to build Buick power trains at cost-plus pric­ing.

    Util­is­ing Buick as the base, along with a 15-year con­tract for mo­tors to be pro­vided to R. S. McLaugh­lin, Du­rant en­vi­sioned the cre­ation of a large au­to­mo­bile com­pany, which would man­u­fac­ture sev­eral in­de­pen­dent mar­ques and con­trol sub­sidiary com­po­nent-mak­ing com­pa­nies, much as Du­rant-Dort had done for car­riage- build­ing with R S McLaughlin. On Sep­tem­ber 16, 1908, Du­rant and McLaugh­lin opened an es­crow ac­count, with which they founded Gen­eral Mo­tors Hold­ing Com­pany. They also ex­changed a large amount of Buick stock for an equiv­a­lent amount of McLaugh­lin's epony­mous com­pany stock, mak­ing McLaugh­lin one of Gen­eral Mo­tors' biggest shareholders. On No­vem­ber 12, 1908 Du­rant pur­chased Olds Motor Works(Oldsmo­bile). Du­rant con­sol­i­dated 13 car com­pa­nies and 10 parts-and-ac­ces­sories man­u­fac­tur­ers under the new hold­ing com­pany's con­trol in 1908. In 1909, Du­rant's GM bought Cadil­lac, and Oak­land Motor Car(even­tu­ally re...

    In the 1920s, Du­rant be­came a major "player" on Wall Street and on Black Tues­day joined with mem­bers of the Rock­e­feller fam­ily and other fi­nan­cial gi­ants to buy large quan­ti­ties of stocks, against the ad­vice of friends, to demon­strate to the pub­lic their con­fi­dence in the stock mar­ket. His ef­fort proved costly and failed to stop the mar­ket slide. By 1936, Du­rant was bank­rupt. After the fall of Du­rant Mo­tors, Du­rant and his sec­ond wife, Cather­ine Led­erer Du­rant, lived on a pen­sion pro­vided by R. S. McLaugh­lin, and Messrs. Marr and Dupont as arranged by Al­fred P. Sloan at $10,000.00 (worth ap­prox­i­mately $173,000 in 2018's currency) a year on be­half of Gen­eral Mo­tors. He then opened a bowl­ing alley/fast food restau­rant in Flint, Michi­gan, work­ing the kitchen in per­son. Du­rant pre­dicted that fam­ily-friendly en­ter­tain­ment venues would be big busi­ness in the com­ing years and he hoped to ex­pand to a chain of 30 bowl­ing al­leys. In 1942,...

    Dur­ing the late 1920s, Du­rant's son, Rus­sell Clif­ford (Cliff) Du­rant and his third wife, Lea Gap­sky Du­rant, started con­struc­tion on a per­sonal cas­tle and pri­vate airstrip in Roscom­mon, Michi­gan, along the south branch of the Au Sable River. The 54-room man­sion burned to the ground under mys­te­ri­ous cir­cum­stances on Feb­ru­ary 6, 1931. The Du­rants never in­hab­ited it. Arson was sus­pected, al­legedly at the hands of trade union­ists, whom Du­rant had re­fused to recognize. After Lea's mys­te­ri­ous dis­ap­pear­ance in 1934, and Cliff's death in 1937, Cliff's fourth wife, Char­lotte Phillips Du­rant, sold the land to George W. Mason (of Nash Mo­tors), an au­to­mo­tive ex­ec­u­tive. Upon his death, it was be­queathed to the State of Michi­gan as a na­ture pre­serve, the Mason Tract. All that re­mains of the cas­tle and pri­vate airstrip are the old foun­da­tion works. Today, a canoe land­ing and short his­tory of the cas­tle are on the site.

    Pelfrey, William (2007). Billy, Alfred and General Motors. Amacom Publishing.
    Madsen, Axel (2000). The Deal Maker: How William C. Durant Made General Motors. Wiley Publishing.
    Gustin, Lawrence (2008). Billy Durant: Creator of General Motors. University of Michigan Press. ISBN 978-0-472-03302-7.
    Rae, John B. "The Fabulous Billy Durant." Business History Review (1958) 32#3: 255-271 online.
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  3. William Durant - Wikipedia

    en.wikipedia.org › wiki › William_Durant

    William Durant may refer to: Will Durant (1885–1981), historian and philosopher. William C. Durant (1861–1947), industrialist and founder of General Motors Corporation. William West Durant (1850–1934), architect and developer of camps in the Adirondack Great Camp style. William A. Durant (1866–1948), American politician in Oklahoma.

  4. William C. Durant – Wikipedia

    sv.wikipedia.org › wiki › William_C

    William Crapo "Billy" Durant, född 8 december 1861 i Boston i Massachusetts, död 18 mars 1947 i Flint i Michigan, var en amerikansk företagsledare inom bilindustrin.Han är mest känd som grundare av General Motors och Chevrolet

  5. William C. Durant - Bio, Age, Wiki, Facts and Family - in4fp.com

    infofamouspeople.com › famous › william-durant

    William C. Durant was born on December 8, 1861 (age 85) in Boston, Massachusetts, United States He is a celebrity entrepreneur He died on March 18, 1947, New York City, NY He had 2 children. Margery Durant, Cliff Durant Reference: Wikipedia, FaceBook, Youtube, Twitter, Spotify, Instagram, Tiktok, IMDb. Last update: 2021-8-01 09:31

  6. Flint Wagon Works - Wikipedia

    en.wikipedia.org › wiki › Flint_Wagon_Works

    Their business became the second of Flint's "Big Three" wagon builders following William A. Paterson's founded by Paterson in 1869. The third new business was founded in the mid 1880s, William C. Durant's Flint Road Cart Company later renamed Durant-Dort Carriage Company.

  7. Walter Chrysler - Wikipedia

    en.wikipedia.org › wiki › Walter_Chrysler

    In 1916, William C. Durant, who founded General Motors in 1908, had retaken GM from bankers who had taken over the company. Chrysler, who was closely tied to the bankers, submitted his resignation to Durant, then based in New York City.

  8. Apr 19, 2021 · William C. Durant Biography. William C. Durant is best known as a Entrepreneur. Founder of General Motors who created some of the most enduring automobile brands in the world. William C. Durant was born on December 8, 1861 in Boston, MA. He bought a carriage company using family money and expanded it to one of the largest suppliers of horse ...

  9. William C. Durant Net Worth 2021, Age, Bio, Height, Facts, Wiki!

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    • William C. Durant Net Worth

    William C. Durant is best known as a Entrepreneur. He bought a carriage company using family money and expanded it to one of the largest suppliers of horse-drawn carriages in the country. William C. Durant was born on December 8, 1861in Boston, MA. William C. Durant is one of the successful Entrepreneur. William has ranked on the list of those famous people who were born on December 8, 1861. William C. Durant is one of the Richest Entrepreneur who was born in MA. William C. Durant also has a position among the list of Most popular Entrepreneur.

    He founded the Chevrolet car company after leaving GM, named after Louis Chevroletwho was the engineer of its first model.

    William C. Durant has been died on Mar 18, 1947 ( age 85). William born under the Sagittarius horoscope as William's birth date is December 8.

    William C. Durant estimated net worth in 2020-21 is $1 Million. William C. Durant primary source of net wealth is being a Entrepreneur. Noted, Currently We don't have enough information about Cars, Monthly/Yearly Salary etc. We will update soon. His father was a wealthy banker and stock speculator, and his grandfather on his mother’s side was a railroad magnate and a one-time governor of Michigan.

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