In 1908 William Crapo Durant put together a half-dozen automobile companies, called them General Motors Co. of New Jersey. Three years later he was ousted from control. He immediately formed Chevrolet Company and by May 1916 was able to tell G. M. directors that once again he was in control. Five years later he was forced to tender his resignation. The greatest bull since Commodore Cornelius Vanderbilt was broke and jobless at the age of 60.
After this second exit from G. M., Mr. Durant started Durant Motors...
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