Grossman Chevrolet Company History Timeline

1908
GM under Durant's leadership acquired Oldsmobile later in 1908.
1909
The next year, he brought in Cadillac, Cartercar, Elmore, Ewing, and Oakland later known as Pontiac . In 1909, General Motors also acquired the Reliance Motor Truck Company of Owosso, Michigan, and the Rapid Motor Vehicle Company of Pontiac, Michigan, the predecessors of GMC Truck.
A Rapid became the first truck to conquer Pikes Peak in 1909.
1910
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.
1911
Durant was forced out of the firm by the stockholders, and co-founded the Chevrolet Motor Company in 1911 with Louis Chevrolet.
1918
1918 also saw personnel increase at GM. The number of employees grew from about 49,000 workers to 85,000 workers.
1919
The company was renamed General Motors of Canada Ltd., with R.S. Colonel Sam McLaughlin as its first president and his brother George as vice-president allied with the Corporation 1919.
1919 also brought changes to employee investment opportunities.
Thanks to consumer financing via GMAC founded 1919 , easy monthly payments allowed far more people to buy GM cars than Ford, as Henry Ford was opposed to credit on moral principles.
1920
GM surpassed Ford Motor Company in sales in the late 1920s.
1921
In May 1921, Durant purchased the rights to the Sheridan and to the Muncie plant, with the intent on using the facility to continue building the Sheridan and Durant's new project, the Durant and Princeton automobiles, now to be built by Durant Motors.
1925
In 1925 General Motors settled down in Argentina and started producing the Double Phaeton standard and the Double Phaeton called Especial Argentino . The production was completed with a sedan model, a roadster and a truck chassis also adaptable to transporting of passengers.
1926
In 1926, GM created the Pontiac as a companion to the Oakland brand, an arrangement that lasted five years.
1929
Alfred P. Sloan became president that year, and the building was officially dedicated as the General Motors Building in 1929.
A new 48,000 m2 plant with a covered area was opened in 1929, and since then the Buick, Marquette, La Salle, Cadillac, Vauxhaul and Opel marques also started to be produced.
1930
General Motors bought the internal combustion engined railcar builder Electro-Motive Corporation and its engine supplier Winton Engine in 1930, renaming both as the General Motors Electro-Motive Division.
1931
Two years later this was increased to 100 . In 1931, GM acquired Holden of Australia.
1932
In 1932, GM formed a new subsidiary United Cities Motor Transport UCMT to finance the conversion of streetcar systems to buses in small cities.
1933
Through a stock exchange GM took controlling interest in North American Aviation and merged it with its General Aviation division in 1933, but retaining the name North American Aviation.
1936
From 1936 the company was involved in an unpublicized project, with others, in what became known as the General Motors streetcar conspiracy to buy out streetcar and intercity train transport operators using subsidiary companies, and convert their operations to use buses.
In 1936 Delco began producing the first dashboard-installed car radios.
1939
In 1939, defending the German investment strategy as highly profitable , Alfred P. Sloan had told shareholders that GM's continued industrial production for the Nazi government was merely sound business practice.
1953
At one point GM had become the largest corporation registered in the United States, in terms of its revenues as a percent of GDP. In 1953, Charles Erwin Wilson, then GM president, was named by Eisenhower as Secretary of Defense.
1955
In 1955, General Motors became the first American corporation to pay taxes of over 1 billion.
1961
By the time Pontiac, Oldsmobile and Buick introduced similarly styled and priced compact models in 1961, the old step-up structure between the divisions was nearly over.
1962
In 1962 GM created the General Motors Research Laboratories, based in Santa Barbara, California, to conduct research and development activities on defense systems.
1965
Consumer advocate Ralph Nader issued a series of attacks on vehicle safety issues from GM particularly the Chevrolet Corvair in his book Unsafe at Any Speed, written in 1965.
1970
Late in September, sensing an impending impasse in the talks, the union called a strike, the first nationwide walkout since 1970 individual plants had experienced local labor disruptions in the interim . Within two days, however, a tentative agreement was achieved and the strike ended.
1971
Launched as a 1971 model, it also began life as a very popular car in the marketplace.
1974
In 1974, GM was the first major automobile company to offer airbags as optional equipment in a non-experimental, unlimited vehicle capacity.
1980
In the 1980 model year, a full line of automobiles on the X-body platform, anchored by the Chevrolet Citation, was launched.
1982
The J-body cars, namely the Chevrolet Cavalier and Pontiac Sunbird, took their place, starting with the 1982 model year.
1984
In 1984, GM acquired Electronic Data Systems Corporation EDS , a leading data processing and telecommunications company, to be the sole provider of information technology IT services for the company.
1985
Hughes Electronics Corporation was formed on December 31, 1985, when Hughes Aircraft Company was sold by the Howard Hughes Medical Institute to General Motors for 5.2 billion.
Again, these cars were all quite popular in their respective segments for the first couple of years, but brake problems, and other defects, ended up giving them, known to the public as X-Cars , such a bad reputation that the 1985 model year was their last.
1996
GM maintained this headquarters location, now called Cadillac Place, until it purchased the Renaissance Center in 1996.
1998
After GM's lay-offs in Flint, Michigan, a strike began at the General Motors parts factory in Flint on June 5, 1998, which quickly spread to five other assembly plants and lasted seven weeks.
2001
In 2001, following the September 11th attacks, a severe stock market decline caused a pension and benefit fund underfunding crisis.
2003
In 2003, the remaining parts of Hughes Electronics were sold to News Corporation and renamed The DirecTV Group.
2005
On October 8, 2005, Delphi filed for Chapter 11 bankruptcy.
Electro-Motive was sold in early 2005.
Then, following a 10.6 billion loss in 2005, GM acted quickly to implement its restructuring plan.
2006
On March 31, 2006, Delphi announced it would sell off or close 21 of its 29 plants in the United States.
Kirk Kerkorian once owned 9.9 percent of GM. According to press accounts from June 30, 2006, Kerkorian suggested that Renault acquire a 20 percent stake in GM to rescue GM from itself.
By the end of November 2006, he had sold substantially all of his remaining GM shares.
In 2006, GM had begun to apply the Mark of Excellence, which was actually the GM logo.
2007
On June 28, 2007, GM agreed to sell its Allison Transmission division to private equity firms Carlyle Group and Onex for 5.1 billion.
2008
On February 12, 2008, GM announced its operating loss was 2 billion with a GAAP loss of 39 billion including a one time accounting charge . GM offered buyouts to all its UAW members.
In 2008, 8.35 million GM cars and trucks were sold globally under various brands.
2009
On February 20, 2009, GM's Saab division filed for reorganization in a Swedish court after being denied loans from the Swedish government.
After Kerkorian sold, GM lost more than 90 of its value, falling as low as 1 share by May 2009.
In 2009, GM had renamed itself as General Motors Company, creating its former appellation General Motors Corporation.
2010
In June 2010, the company established General Motors Ventures, a subsidiary designed to help the company identify and develop new technologies in the automotive and transportation sectors.
Founded
-
Company Founded
Headquarters
Old Saybrook, CT
Company Headquarter

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