The Deal Maker: How William C. Durant Made General Motors
The roller-coaster life of the flamboyant creator of General Motors
William C. Durant did big things the big way: he overreached, but, until his final failure, he picked up the pieces time after time to confound his competitors. From a turbulent childhood in the small town of Flint, Michigan, to his phenomenal success in creating General Motors, Durant's meteoric career easily rivals the success stories of modern legends like Ted Turner, Rupert Murdoch, and Bill Gates. With his trademark smile and personal charisma, Durant assembled General Motors in a few short years, buying companies at the rate of one every thirty days. Durant's deal-making artistry even tempted Henry Ford, and had Durant upped his acquisition price Ford would be a division of GM today.
Durant's story illuminates the conflict between innovation and control of innovation -of the uneasy alliances struck again and again between inventors and their sources of capital. His years of heady success building General Motors were marked by epic struggles with bankers. But he depended on only a few sources of big money to finance his exploding business, and pitted himself against forces he underestimated or refused to consider. Gambling on a run on GM stock, he was finally forced into a buyout that ousted him from his role in the GM empire.
Into the dramatic tale of this early twentieth-century mogul come the fascinating automotive pioneers -Henry Ford, David Buick, Charles Nash, Albert Champion, Louis Chevrolet, and Alfred P. Sloan. On Wall Street, J. P. Morgan turned down Durant's request for a loan while Pierre du Pont invested in Durant's expansion. Tracing the fortunes of a man and his era, The Deal Maker is a fast-paced, rousing tale of Durant's dizzying success and ultimate failure.
61 pages matching automobile in this book
Results 1-3 of 61
What people are saying - Write a review
We haven't found any reviews in the usual places.
6-cylinder Alfred Sloan American asked auto automobile Bank bankers Billyís bought Briscoe Briscoe brothers brokers brothers buggy Buick Motor Company building built Burman Cadillac called carmakers carriage cash Charles Chevrolet Clara conﬁdence Corporation Crapo David Buick dealers Detroit drive Durantís engine factory father ﬁgures ﬁnance ﬁnancial ﬁnd ﬁnished ﬁrm ﬁrst ﬁve Flint Ford Motor Company Fordís Fred gasoline GM stock GMís Gustin Henry Crapo Henry Ford industry investment J. P. Morgan John later letter loan Locomobile Louis Louis Chevrolet machine manufacturers Margery Marr Mason Michigan million Model Morgan mother Motor Car Company Nash ofﬁce Olds Oldsmobile patent percent Pierre plant Pontiac president production proﬁts quoted race rant Raskob Rebecca Satterlee Scrobogna Selden sell shares sold Stettinius Storrow tion told took vehicles wagon Wall Street Walter Chrysler wanted William Willie Winton wrote yearís York City