me and my automobile page 5 by ric gustafson
During the winter of 1907-1908, William Durant began talking to the wealthy banker J.P Morgan about starting a company called United Car Company. He found out there was another company with the same name. He and his partners agreed to change the name to General Motors or GM for short. In September of 1908, the first GM marque came out. It was called Buick. Several factories were purchased to begin the production of the new line. In 1903, Henry LeLand started the Cadillac Automobile Company. By the summer of 1910, General Motors comprised twenty five companies and selling fifty thousand cars a year.
In August of 1911, Durant met a man named Louis Chevrolet which would change the landscape of the automobile industry.
research help: ' The life of the Automobile' by Steven Parissien
Peace and God's blessings. Love Ric
No comments:
Post a Comment