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Title:Info About Cheverolet
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Chevrolet ( /ˈʃɛvrəleɪ/), also known as Chevy (/ˈʃɛvi/), is a brand of vehicle produced by General Motors Company (GM). Founded by Louis Chevrolet and ousted GM founder William C. Durant on November 3, 1911,[1] General Motors acquired Chevrolet in 1918. Chevrolet was positioned by Alfred Sloan to sell a lineup of mainstream vehicles to directly compete against Henry Ford's Model T in the 1920s, with "Chevrolet" or "Chevy" being at times synonymous with GM. In North America, Chevrolet sells and produces a wide variety of automobiles, from subcompact cars to medium-duty commercial trucks.

When Durant sold Chevrolet shares to McLaughlin in 1912, Durant had an idea that McLaughlin was in full production building McLaughlin Cars with Buick power trains(15 year contract Durant had with McLaughlin). Durant felt he could have McLaughlin do with Chevrolet what he did with Buick, and had McLaughlin build his Chevrolets as well. Starting in 1915 in 1916, Durant and the McLaughlin Brothers had traded Chevrolet stock at 5 to 1 and 7 to 1 and took over General Motors holding Company. McLaughlin had no worry about his Buick contract when Billy was back at the helm. General Motors started in Canada in November 20, 1907, McLaughlin and Durant started their company General Motors Holding Company in the USA September 16, 1908. McLaughlin is never addressed by the Ken Kaufmann papers or build documents but takes credit for the Bow Tie information published years before. McLaughlin started Chevrolet trucks in 1919 and General Motors in 1916 became a Corporation. McLaughlin traded the $500,000.00 in Buick stock that Durant had traded him for McLaughlin stock in November 20, 1907. This investment by McLaughlin and Durant gave McLaughlin more ownership in General Motors and Chevrolet in Canada is Building Chevrolet. The truck plant was shut down after building trucks from 1919.

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Date Posted: 08/21/2011 14:18 PM
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