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Founding of General Motors
On September 16th, 1908 William C Durant bought out Buick and Olds. Merging the two companies Created one prominent car manufacturer known today as General Motors. -
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William Durant is forced to resign
Durant is forced out of the company and is finally replaced by Alfred Sloan who organizes and puts the company back on its feet after a major downfall. -
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GM Expands overseas
General motors expand overseas buying out companies such as Vauxhall, Opel, also a company that has turned into today's GMC trucks. -
GM makes It Big
in 1929 General motors surpasses Ford motor company. -
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GM helps make the economy boom
In the 50s GM made big cars that everyone loves and still wants today. This includes the Chevrolet Bellair, the 1955 Oldsmobile delta, the 1954 Buick Wildcat II, and lastly the 1956 Pontiac Club de Mer. All of these cars built Chevrolet back up after the oil crisis. -
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The Golden Era For Drag Racing
The late 1950s till the end of the 1960s was a huge moment for Chevrolet after all of the car manufacturers were coming out with fast muscle cars, Gm had to do something. They put out a few new factory race team models such as the Nova, Camaro, and Chevelle. All by Chevrolet, the racing class of General Motors. -
Rough times
Times start to get hard for general motors as Japanese car manufacturers story producing cars for the United States. This is because they produce them for cheap and produce more cars than American-made brands. -
Expansion
General motors started to expand into data companies and into Hughes Aircraft company. Hughes aircraft company was a place that built airplanes but was defunct in 1997. -
Not evolving
GM was slowing down production and losing tons of money due to competition and the modernization of the new cars. this put General Motors in a big bind. -
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supply and demand but no money
Regardless of the high demand for SUVs in the General Motors fleet, Gas prices were so high in the early 2000s that nearly no one could afford them. As a consequence of this, General Motors were almost bankrupt and had to let go of certain assets to create a capital gain. -
Bankruptcy
Failing to keep the company alive and well after Toyota became the highest-selling car in America caused General Motors to go bankrupt. They fell with nearly 100 billion dollars in debt. -
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Now and the future of GM
General Motors is still surviving today but by the year 2035 General Motors want to switch all of its cars and trucks to EVs. I believe this will push them over the edge and the company will go bankrupt once in for all. EV vehicle prices are too high and the manufacturers have too much control after they leave the lot.