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Hi Everybody....
Do you know this guy ? His name was William C. Durant.
Billy Durant....
Around the turn of the 20th Century, he owned a thriving company in Flint Michigan called The Durant Carriage Works. He later gained control of a fledgeling automobile co. called Buick. This was in 1908. Later that year he aquired Oldsmobile, Cadillac, and Oakland (later Pontiac). And General Motors was founded.
In 1909, he aquired the Rapid Motor truck company, and the Reliance motor co., these were the predessors to GMC truck. Durant lost control of GM in 1910 to a bank trust because he owed so much money (One Million...hahaha) in obtaining those companies.
Durant left the firm and co-founded The Chevrolet Motor Company in 1911, with Louis Chevrolet. After a brilliant stock buy back campaign, he regained control of GM in 1916, and in 1917 Chevrolet joined GM.
GMs Headquarters remained in Flint until the mid-20's, when it moved to Detroit..
In the 40's, and 50's, and 60's, ANYONE could move to Flint from any depressed area in the country and get a job 'In The Shop'. Flint was a wonderful place to grow up. A very progressive school system, Top Notch hospitalization, Colleges, Culture, and all in a beautiful Winter-Water Wonderland!!!
10 years ago GM stock was 75 Bucks a share...Friday it closed at .75 Cents!!!
Monday they are supposed to file for Bancruptcy protection.
"It was beautiful but now it's sour"......