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
General Motors Hy-wire General Motors Hy-wire The Hy-wire (Hydrogen drive-by-wire) is a concept car from General Motors originally introduced in January 2002. The car runs on hydrogen fuel cells and uses a drive-by-wire system, meaning that the car is controlled electronically. GM asked school children to name the car, and one of them suggested "Hy-wire". In 2003, General Motors stated that it was confident that it could produce a commercially viable model by 2010. Due to hydrogen fuel cell drive system used by the Hy-wire, the conventional car layout has been revamped. Without the need for a conventional engine block and transmission system