Today In History (May 2): William C. Durant Takes Back Control of GM - Detroit Racing Forums

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Today In History (May 2): William C. Durant Takes Back Control of GM

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05-02-2013, 04:02 PM	#1
NewsBot Registered User Senior Member Join Date: Jun 2010 Posts: 47,441	Today In History (May 2): William C. Durant Takes Back Control of GM William C. "Billy" Durant, the founder of Chevrolet, took control of General Motors on May 2, 1918. To regain control, Durant offered GM stockholders five shares of Chevy stock for a single share of GM, and although GM stock was valued much higher, interest in Chevy stock made the five-for-one irresistible. More...

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