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 XP-883 General Motors XP-883 In the late 1960s, General Motors Company directed its GM R&D and Pontiac divisions to develop concept mini-cars for urban drivers. Pontiac developed the Pontiac X-4 with a radical two stroke aircraft type radial engine, and GM developed the XP-883 an experimental plug-in hybrid car demonstrated by General Motors in 1969. Primarily intended as a commuter vehicle, the very small car had a fiberglass body with a design resembling the future Chevrolet Vega or Ford Pinto. The two-door hatchback had seating for two adults and two children, though the children sat in rear-facing seats and would enter