answersLogoWhite

0

1908 after Durant had exchanged 500,000 shares of McLaughlin car Company stock for Buick 500,000 shares Edwin Campbell put 1,000,000 shares on the Chicago Stock Market for Durant and McLaughlin as General Motors Holding Company Stock .

General Motors was not Incorporated until 1918 when Chevrolet had acquired the shares held by RS McLaughlin after he merged his two Companies The Chevrolet Motor Company of Canada Limited and The McLaughlin Car Company of Canada Limited. and started General Motors of Canada Limited that is today a privately owned Canadian Company on Ontario Superior Court Documents from 2008. The Chevrolet had owned General Motors Holding Company from 1916 with 54.5% of the stock and McLaughlin sold his Chevrolet stock in 1918 so General Motors could Incorporate.

User Avatar

Wiki User

12y ago

What else can I help you with?