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 Diesel Division General Motors Diesel Division General Motors Diesel Division (GMDD) was a marketing and customer service unit of General Motors founded in 1938. It sought customers for GM's diesel engines, which had undergone major development during the 1930s. It was most active in association with GM's Detroit Diesel Engine Division, which produced lines of lightweight diesel engines that could be adapted to many uses including road vehicles, small boats, military equipment, construction and farm equipment, pumping, and auxiliary power generation. In 1939, Detroit Diesel Series 71 engines were installed in buses produced by Yellow Coach, who would be acquired by GM