Rochester,NY 7/10/2009 12:23:29 AM
Afternoon Stock Report - NWSA - A brief look at the history of General Motors - Sourced WhisperFromWallStreet.com
News Corp.
Afternoon Stock Report - NWSA - A brief look at the history of General Motors - Sourced WhisperFromWallStreet.com
News Corp. NWSA
Sept. 16, 1908 -- General Motors Co. founded by William C. Durant, incorporating Buick Motor Co. Oldsmobile joins GM in November.
1909 -- GM sells 25,000 cars and trucks. Acquires Cadillac for $5.5 million. Also buys GMC, AC Spark Plug.
1910 -- Durant brings the Champion ignition and other companies into GM. Sales rise 60 percent, but earnings lag. Durant is ousted by bankers as company sinks into debt.
1911 -- Electric self-starter first appears on a Cadillac on 1912 model.
1915-16 -- GM incorporated as General Motors Corp. Durant, after founding company that builds Chevrolets, regains control.
1917-19 -- GM shifts most truck production to war effort. GM Acceptance Corp. (GMAC) is established in 1919 to finance car and truck sales.
Last Trade: 8.2399
Day's Range: 8.12 - 8.45
52wk Range: N/A
Volume: 8,418,969
ABOUT - News Corp.
News Corporation operates as a diversified global media company. The company's Filmed Entertainment segment produces live-action and animated motion pictures for distribution and licensing in entertainment media, as well as produces and licenses television programming worldwide. Its Television segment operates 27 broadcast television stations and broadcasts network programming in the United States; and develops, produces, and broadcasts television programming in Asia. News Corporation's Cable Network Programming segment produces and licenses programming distributed through cable television systems and direct broadcast satellite operators primarily in the United States.
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