History of General Motors Departure (bearings); Delco Electronics and ACDelco (electrical and electronic components); GMAC (finance); General Aviation and North American Aviation (airplanes); GM Defense (military vehicles) and Electronic Data Systems (information technology). General Motors was capitalized by William C. Durant on September 16, 1908 as a holding company. The next day it purchased Buick Motor Company, and rapidly acquired more than twenty companies including Oldsmobile, Cadillac, Oakland, now known as Pontiac, and McLaughlin of Canada. Dr. Campbell, Durant's son-in-law, put 1,000,000 shares on the stock market in Chicago Buick (then controlled by Durant). Durant's earlier company, the Durant-Dort Carriage Company, had been in
2007 General Motors strike 2007 General Motors strike The 2007 General Motors strike was a strike from September 24 to 26, 2007, by the United Auto Workers against General Motors. On September 24, 2007, at the approximately 11:00 a.m. EDT, the roughly 73,000 General Motors workers represented by the United Auto Workers union went on strike against the company. The first nationwide strike against GM since 1970 was expected to idle 59 plants and facilities for an indefinite period of there time. Talks broke down after more than 20 straight days of bargaining failed to produce a new contract. Major issues that proved to