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 to focus on Opel/Vauxhall. Chevrolets continue to be sold in Russia and the Commonwealth of Independent States, through the GM Uzbekistan joint venture. Chevrolet still has a limited presence in Europe through imports of the Corvette and Camaro, while Cadillac maintains a limited presence as well. In 2012, PSA Peugeot Citroen and General Motors formed an alliance, which involved General Motors acquiring seven percent of the PSA Group. The ownership was soon divested on December 13, 2013, generating "gross proceeds of €0.25 billion." By 2017, Groupe PSA considered taking over Opel from GM, after GM reported a loss of $257