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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.
What else can I help you with?
What type of electric motors are used in cocoa processing factories?
Standard Induction Motors for general applications. Servo motors in case precision application like packing
What was the name of the first industrial robot used by General Motors to build cars?
Unimate
Why synchronous motors does not have starting torque?
Becoz it use frequecy to start
Do all single phase motors have a start and run winding?
No, commutator motors as used in vaccum cleaners for example do not use a starting winding. Single-phase induction motors need a starting winding without which they will start in either direction if given an initial twist.
What is the difference between crown motors and regular motors?
The difference between crown motors and regular motors is that crown motors is a company, and regular motors are not. Regular motors, are the motors that can be found under a car hood.
What car that start with a g?
Golf and Getz
What is the population of General Motors?
General Motors's population is 2,012.
Is general motors for-profit or not-for-profit?
General motors is for profit company.
Who is the chairman for general motors?
Dan Akerson is chairman of the general motors
Who invented General Motors?
William Crapo Durant is the founder of General Motors.
Who is the CEO of General Motors?
Daniel Akerson is the chairman and CEO of General Motors.
Who makes Cadillacs?
Cadillac is made by General Motors.
Where does General Motors belong to?
General Motors belongs to the stockholders. It is an independent company.
What does GMIO stand for in General motors compnay?
General Motors International Operations
When was General Motors Egypt created?
General Motors Egypt was created in 1983.
What is the population of General Motors Egypt?
General Motors Egypt's population is 1,300.
When was General Motors do Brasil created?
General Motors do Brasil was created in 1925.
