Title: History of General Motors
Content: Rapid Motor Vehicle Company of Pontiac, Michigan, the predecessors of GMC Truck. A Rapid became the first truck to conquer Pikes Peak in 1909. In 1910, Welch and Rainier were added to the ever-growing list of companies controlled by GM. Durant lost control of GM in 1910 to a bankers trust as the deal to buy Ford for $8,000,000.00 fell through, due to the large amount of debt (around $1 million) taken on in its acquisitions. R S McLaughlin Director and friend left at the same time. Durant was forced out of the firm by the stockholders, and co-founded the

Title: General Motors
Content: which has benefited the city of Flint, his adopted home. GM acquired Oldsmobile later that year. In 1909, Durant brought in Cadillac, Elmore, Oakland, and several others. Also in 1909, GM acquired the Reliance Motor Truck Company of Owosso, Michigan, and the Rapid Motor Vehicle Company of Pontiac, Michigan, the predecessors of GMC Truck. Durant, along with R. S. McLaughlin, lost control of GM in 1910 to a bankers' trust, because of the large amount of debt taken on in its acquisitions, coupled with a collapse in new vehicle sales. The next year, Durant started the Chevrolet Motor Car Company

Title: William C. Durant
Content: that would manufacture several makes and control subsidiary component-making companies, much as Durant-Dort had done in the carriage-making world. Durant founded General Motors Holding Company on September 16, 1908 and exchanged a large parcel of Buick stock for a matching parcel of McLaughlin stock making McLaughlin one of General Motors' biggest shareholders. In 1909 Durant's GM bought Cadillac and Oldsmobile and Oakland Motor Car, later called Pontiac, and many parts-manufacturing companies, paint and varnish companies, axle and wheel companies, etc., and merged them with GM. However, Durant had overextended himself with imprudent acquisitions, and in 1910, General Motors faced a

Title: Automotive industry in the United States
Content: (GM), the company that would soon become the world's largest automaker, was founded in 1908 by William Durant. Durant had previously been a carriage maker, and had taken control of Buick in 1904. The company initially acquired Buick, Oldsmobile and Oakland (later to become Pontiac) in 1908. The next year GM acquired Cadillac, along with a number of other car companies and parts suppliers. Durant also was interested in acquiring Ford, but after initial merger talks, Henry Ford decided to keep his company independent. In 1910, Durant lost control of GM after over-extending the company with its acquisitions. A group

Title: History of General Motors
Content: Chevrolet Motor Company in 1911 with Louis Chevrolet. R S McLaughlin in 1915 built Chevrolet in Canada and after a stock buy back campaign with the McLaughlin and DuPont corporations, and other Chevrolet stock holders, he returned to head GM in 1916, as Chevrolet owned 54.5% with the backing of Pierre S. du Pont. On October 13 of the same year, GM Company incorporated as General Motors Corporation after McLaughlin merged his companies and sold his Chevrolet stock to allow the incorporation, which in turn followed the incorporation of General Motors of Canada (reverting to General Motors Company upon emergence

Question: Who founded General Motors in 1908?
Answer: William C. Durant