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 Rotary Combustion Engine the cancellation order was issued. The General Motors' abandonment of the rotary engine affected American Motors, who had an agreement to purchase power rotary plants from General Motors. The 1975 AMC Pacer was designed to utilize GM's new rotary engine, however AMC was forced to market the car with an inline six engine. Wankel "vs". V8 engine General Motors Rotary Combustion Engine The General Motors Rotary Combustion Engine (GMRCE) is an internal combustion Wankel engine which uses a rotary design to convert pressure into a rotating motion instead of using reciprocating pistons. In November 1970, GM paid $50 million for