A Classification of American Wealth
History and genealogy of the wealthy families of America - Sponsors


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 Part 2 : America in the Twentieth Century  Encyclopedia of American Wealth

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  Part III-Chapter 13 : Automobile and Aviation  > W. C. Durant  :     Previous   1 - 2 - 3 - 4 - 5 - 6 - 7 - 8 - 9 - 10
                                                                                                                                                     
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   William Crapo Durant - founding General Motors

Page entitled : W. C. Durant founder of General Motors

Content of this page is about :
How after merger talks for a larger combination failed, William C. Durant created General Motors in 1908 to absorb Buick, Oldsmobile and Cadillac ...


Extract :
... Turned down by J. P. Morgan, Billy Durant did not give up though and on September 16, 1908 just months after receiving the old banker's refusal, he founded General Motors with a capital stock of $12.5 million ...

 

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