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Happy 144th Birthday GM! #Oil_History $GM
1-3 GM was established on Sep 16, 1908. It started with Buick. Later it acquired Oldsmobile, Cadillac & more than 25 car companies. There are many turns and twists in GM history. I will mention two:
1-3 GM was established on Sep 16, 1908. It started with Buick. Later it acquired Oldsmobile, Cadillac & more than 25 car companies. There are many turns and twists in GM history. I will mention two:
2-3 William C. Durant established GM. After buying several auto manufacturers, he offered to buy FORD for $8 million. Henry Ford agreed on one condition: the payment has to be in GOLD! Banks refused to finance Durant. He lost the deal & was fired by the GM board
3-3 He started Chevrolet Motor Company with Louis Chevrolet, and bought GM stocks until he is back in control! Later he was fired by the board.. again! Started a new car company that went bankrupt. At old age, he was poor and died poor.
