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 Canada 5, 2006. The centre's main tenants are the Oshawa Generals junior hockey team, who were named for the company in 1937. On April 27, 2009, GM Canada announced that it would cut over half of its Canadian jobs and close 40% of its Canadian dealerships by 2014 in response to its parent company's dire financial straits. Reducing its franchises in Canada from approximately 709 dealerships to +\- 470 across the country, after General Motors (US) bankruptcy. The Canadian Government sold its 12% of General Motors stock, purchased in 2009, in early 2015. General Motors and the Canadian Auto Workers union