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General Motors: 1908 By William C. Durant

166 Words1 Pages
General Motors, was founded in September of 1908 by William C. Durant, the reason being it was a holding company for the well-known Buick. However, in 1910, Durant was ousted from the company because of the lack of funds to repay bank loans. Durant went on to form Chevrolet and with his return to GM, he brought Chevrolet. GM primarily focuses on the best design and most reliable trucks, to retail for the consumer market, after the purchase of Rapid Motor company of Pontiac. Introducing their first utility truck in 1912 the “GMC Truck” at the New York International Auto Show. Over 22,000 models were produced in that year and by 1916 the “GM” was one of the first to be driven across America, Seattle to New York City. Then in 1926, GMC had to
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