The difference between Chevy and GM is that while Chevy is a brand name of General Motors (GM), the latter refers to an American multinational corporation that designs, manufactures, markets, and distributes vehicles. Founded in 1908 by William C. Durant and Charles Stewart Mott as a holding company for Buick Motor Company, GM has evolved into one of the world's largest automakers today. Under its umbrella lies some of the most well-known automotive brands such as Chevrolet (also known as Chevy), Cadillac, Buick, Opel/Vauxhall in Europe, Wuling in China; and Holden in Australia. As such it can be said that while Chevy is part of GM through its brand name recognition alone, GM itself encompasses many other car companies within it.