General Motors Corporation - 1950's dated Automotive Stock Certificate - Great Car Maker - Rare Type in Great Condition
Inv# AS1006 Stock
Automotive Stock. Great Automobile Maker. Male and female vignette with elaborate engraved border by the E.A. Wright Bank Note Co., Philadelphia. Rare!!! Available in Red or Brown. Please specify color.
General Motors Company (GM) is a well-known American multinational corporation headquartered in Detroit, Michigan. The organization specializes in the design, production, marketing, and distribution of vehicles and automotive parts, while also providing financial services. Its global headquarters is located in the Renaissance Center in Detroit. Founded by William C. Durant on September 16, 1908, as a holding company, GM has evolved into the largest automobile manufacturer in the United States and is recognized as one of the largest in the world. In 2019, GM was ranked #13 on the Fortune 500 list, which ranks the largest U.S. companies by total revenue. The company operates manufacturing plants in 15 countries and includes major brands such as Chevrolet, Buick, GMC, and Cadillac. Furthermore, GM owns or has significant stakes in international brands like Holden, Wuling, Baojun, and Jiefang, achieving a notable milestone of selling 10 million vehicles globally in 2016. Before establishing GM, Durant managed the Durant-Dort Carriage Company in Flint, Michigan, which had become the leading U.S. manufacturer of horse-drawn vehicles by 1900.
Despite his initial reluctance regarding the automobile sector, Durant was persuaded by James H. Whiting, the proprietor of Flint Wagon Works, to purchase Buick Motor Company in 1904. In 1908, Durant, along with his partner Charles Stewart Mott, founded General Motors as a holding entity. The first brand acquired by GM was Buick, followed by Oldsmobile on November 12, 1908. Durant further broadened GM's portfolio in 1909 by acquiring Cadillac, Elmore, Oakland (the predecessor to Pontiac), as well as the Reliance Motor Truck Company and Rapid Motor Vehicle Company, which were the precursors to GMC. However, Durant's aggressive expansion strategy resulted in financial overextension, leading to his removal by the board of directors in 1910, following pressure from the bankers who had financed GM's debts.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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