General Motors company started on September 16th of 1908 by William ‘Billy’ Durant. The company had become an industry leader in manufacturing horse-drawn carriages in Flint Michigan before going into the automobile industry. At the time they only owned Buick Motor Company. Now they own the following automobile manufacturers: GMC, Buick, Chevrolet, Pontiac, Saturn, Cadillac, Hummer, Oldsmobile and many more. (2) Chevy was founded on November 3, 1911 by Louis Chevrolet as well as William Durant.
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Durant had bought 17 companies (including Oldsmobile, Cadillac, and Pontiac) by 1910, the year a bankers' syndicate forced him to step down. In a 1915 stock swap, he regained control through Chevrolet, a company he had formed with race car driver Louis Chevrolet. GM created the GM Acceptance Corporation (auto financing) and acquired a number of businesses, including Fisher Body, Frigidaire (sold in 1979), and a small bearing company, Hyatt Roller Bearing. With the Hyatt acquisition came Alfred Sloan, an administrative genius who would build GM into a corporate colossus. Sloan, president from 1923 to 1937, implemented a decentralized management system, now emulated worldwide.
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