global Motors - financial Ratio Analysis General Motors - Financial Ratio Analysis I. General Motors History Highlights In its untimely forms the automobile industry consisted of hundreds of firms, each producing a a few(prenominal) models. William Durant, who bought and reorganized a failing Buick Motors in 1904, determined that if some(prenominal) automobile makers would unite, it would increase the protection for the group. He formed the General Motors Company in Flint, Michigan, in 1908. Durant had bought 17 companies (including Oldsmobile, Cadillac, and Pontiac) by 1910, the year a bankers syndicate forced him to step down.
In a 1915 stock swap, he regained control through Chevrolet, a club he had formed with race car driver Louis Chevrolet. GM created the GM Acceptance Corporation (auto financing) and acquired a number of businesses, including pekan Body, Frigidaire (sold in 1979), and a small bearing company, Hyatt Roller Bearing. With the Hyatt encyclopedism came Alfred Sloan,...If you want to get a full essay, order it on our website:
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