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 ...
Born in Boston, Massachusetts, Durant was the son of William...
From his holdings in Durant-Dort Carriage Company, Durant...
- General Motors
Utilising Buick as the base, along with a 15-year contract...
- General Motors
- Wall Street and Later Years
- Durant's Castle
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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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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.
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
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
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.
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.
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 ...
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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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