History of General Motors
General Motors (GM) was founded in 1908 by William C. Durant in Flint, Michigan. Initially a holding company, GM quickly expanded by acquiring several automobile manufacturers, including Buick, Oldsmobile, Cadillac, and Chevrolet. By the 1920s, under the leadership of Alfred P. Sloan, GM pioneered innovations such as annual model updates and a brand hierarchy, making it a dominant force in the American automotive industry.
Throughout the 20th century, GM played a crucial role in World War II by shifting its production to military vehicles and equipment. In the postwar era, it became the world's largest car manufacturer, producing iconic models like the Chevrolet Corvette and Cadillac Eldorado. However, the company faced challenges in the late 20th and early 21st centuries, including competition from foreign automakers and financial struggles that led to its 2009 bankruptcy and government bailout. Since then, GM has restructured and embraced electric and autonomous vehicle technologies, aiming to lead in the future of mobility.