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because Ford needed to have some competition! :)

Durant needed a holding company for the stock trading he did as his Buick Motors were being sold to McLaughlin Car Company in Canada for 15 years and McLaughlin traded 500,000 shares of his Company for 500,000 shares of Buick, The shares McLaughlin held in Buick stock were traded for General Motors Holding Company stock. R S McLaughlin was Director of the Company when Durant made a bid to buy Ford for 8,000,000 and the Bankers gave Durant 5 years away from his title in the Company allowing him to start Chevrolet in 1911.

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12y ago

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