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 Egypt successful cooperation with the American General Motors starting in 1975, the dealer made a proposal to build a production plant in Egypt. So the company was founded in the same year. One year later, the plant was opened in an internal opening ceremony. At the official plant opening in 1985 the first cars rolled off the company's production line. The opening speech was given by the former President of Egypt Hosni Mubarak. In 1987, continuous production finally started. The company was at this time only active as an automotive supplier. The first product was the chassis for the Isuzu TF