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William Crapo Durant (December 8, 1861 – March 18, 1947) was a leading pioneer of the United States automobile industry, founder of General Motors and co-founder of 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 ...
Durant touring car 1923 Durant touring car 1923 Share of the Durant Motors, Inc., issued 6 March 1925. Durant Motors Inc. was established in 1921 by former General Motors CEO William "Billy" Durant following his termination by the GM board of directors and the New York bankers who financed GM.
Founder / president Durant eventually lost control of GM in 1910 to a bankers trust as the deal to buy Ford for $8 million dollars fell through, due to the large amount of debt (around $1 million dollars) that was taken on in its earlier acquisitions, while Samuel McLaughlin left at the same time.
In November 1911, Durant co-founded Chevrolet with race car driver Louis Chevrolet, who left the company in 1915 after a disagreement with Durant. [21] General Motors Company share certificate issued October 13, 1916. GM was reincorporated in Detroit in 1916 as General Motors Corporation and became a public company via an initial public offering.
Chevrolet (/ ˌ ʃ ɛ v r ə ˈ l eɪ / SHEV-rə-LAY), colloquially referred to as Chevy, is an American automobile division of the manufacturer General Motors (GM).. Louis Chevrolet (1878–1941), Arthur Chevrolet (1884–1946) and ousted General Motors founder William C. Durant (1861–1947) started the company on November 3, 1911 [2] as the Chevrolet Motor Car Company.
The Durant was a make of automobile assembled by Durant Motors Corporation of New York City, New York from 1921 to 1926 and again from 1928 to 1932. Durant Motors was founded by William "Billy" Durant after he was terminated, for the second and final time, as the head of General Motors .
In 1920, he became president of General Motors succeeding William C. Durant, [12] and resigned in 1923, when he was succeeded by Alfred P. Sloan Jr. [13] Pierre du Pont resigned the chairmanship of GM in response to GM President Alfred Sloan's dispute with Raskob over Raskob's involvement with the Democratic National Committee. When du Pont ...
The following year, another former buggy company executive, William C. Durant, founded General Motors in Flint, Michigan, as a holding company for the Buick Motor Company. GM soon bought other automakers, including Oldsmobile and Cadillac. In 1909, Oakland became part of GM.