Durant lost control of GM in 1910 to a bankers trust as the deal to buy Ford for $8 million fell through, due to the large amount of debt (around $1 million) taken on in its acquisitions, while Samuel McLaughlin Director and friend left at the same time. Durant was forced out of the firm by the stockholders and co-founded the Chevrolet Motor Company in 1911 with Louis Chevrolet. McLaughlin in 1915 built Chevrolet in Canada and after a stock buyback campaign with the McLaughlin and DuPont corporations, and other Chevrolet stock holders, Durant returned to head GM in 1916, as Chevrolet owned 54.5% with the backing of Pierre S. du Pont. On October 13 of the same year, GM Company incorporated as General Motors Corporation after McLaughlin merged his companies and sold his Chevrolet stock to allow the incorporation, which in turn followed the incorporation of General Motors of Canada (reverting to General Motors Company upon emergence from bankruptcy in 2009 that left General Motors of Canada Limited as a privately owned Canadian Company). Chevrolet entered the General Motors fold in 1918 as it became part of the Corporation with R S McLaughlin as Director and Vice-President of the Corporation; its first GM car was 1918's Chevrolet 490. Du Pont removed Durant from management in 1920, and various Du Pont interests held large or controlling shareholdings until about 1950.