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
Mcgee v. General Motors Corp. Bud Kirk, Daniel Gerber, Terrence Russell and Jay Lefkowitz. On May 18, 1998, the jury returned a verdict of $60 million in compensatory damages, and ruled that both General Motors and Curtis Cayton were at fault. Mcgee v. General Motors Corp. McGee v. General Motors was a 1998 court case in which the jury awarded plaintiffs Robert and Connie McGee $60 million. The trial revealed hidden information about a General Motors fuel tank design. General Motors (GM) was alleged to have sacrificed vehicle safety measures in favor of additional profit. This case was featured on CNN, "60 Minutes", "The New