Sign up your free travel blog today!
Email: Password:
My Blog My Photos My Diary My Movies My Map Message Board

Buy Gift Voucher

Beneficial Thought Processes
No Photos 9th Mar 2015
The First Chevy Truck Wheels

The investors at GM were angered over the accumulation of companies rather then the distribution of profits. Louis Chevrolet was also a machinist and had built a working model of his own engine. He was very successful at the Buick Motor Company and formed the General Motors Corporation four years later, in 1908. He wanted his design to compete with other engine designs available at the time. Durant, however, was not interested in creating another version of a car or engine. He immediately named himself President of General Motors and two years later made Chevrolet a subsidiary of GM.Durant followed these purchases with others, accumulating over 25 automotive manufacturing companies and several parts manufacturers in just 18 months. He immediately formed a new company in a partnership with a former Buick racecar driver. Buyers at that time were expected to provide the cab and body of the truck as aftermarket purchases. William Durant, in 1904, became the General Manager of Buick. Durant intended the Model 490 Light Delivery to compete head to head with the Model T. At the same time, the one ton Model T Truck had 31" x 4" balloon tires in the front and 32" x 4" solid rubber tires on the rear wheels.Mr. His ruthless pursuit of profit alienated investors and led, once again, to him being forced out of GM in 1920.The first Chevy pickup truck was sold as little more than a motored chassis. Disillusioned by Durant's goal, Chevrolet sold his share of the company that bore his name to Durant.. Many owners built their own truck body from wood and went without a cab, but bodies and cabs were commercially available from independent companies.Durant used this stock sale income from GM to purchase Buick, making himself the company President. This action infuriated Durant. By 1915 he had generated sufficient capital to regain controlling interest in GM. He then used his position in GM to purchase Oldsmobile, Pontiac, Cadillac, and several parts companies. GM bankers, acting under the instructions of investors, removed Durant from GM management in 1910.That same year, Chevrolet rolled out the Model 490 Light Delivery Truck. His reputation at Buick enabled him to sell $12M in GM stock in just a little more than 2 weeks. His single-minded obsession was the generation of enough capital to buy back a controlling interest in GM. It was a whirlwind of automobile manufacturer accumulation. In doing so, he heavily obligated GM finances. Henry Ford immediately lowered the price of the Model T, but Durant felt that he could not match this move because of the truck's name.' - -
Chevy truck wheels on the Model 490 Light Delivery were fitted with 30" x 3.5" balloon tires. His partner's name was Louis Chevrolet, and the new company was the Chevrolet Motor Company. The name was a direct - - reference to the price of the vehicle, which happened to be exactly the same as the price of the popular Ford Model T. He hoped to use the man's fame to generate interest in the new company, and to turn that public interest into a profit margin that would enable him to wrest back control of GM. This sort of gamesmanship was common in early American corporate history, but Durant was especially aggressive. Durant quickly achieved his goal

Next: Chevy |
Previous: Car Shopping Is Easier With These Tips

634 Words | This page has been read 4897 timesView Printable Version