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 prominent American multinational corporation based in Detroit, Michigan. The company focuses on the design, manufacture, marketing, and distribution of vehicles and automotive components, in addition to offering financial services. Its global headquarters is situated in the Renaissance Center in Detroit. Established by William C. Durant on September 16, 1908, as a holding entity, GM has grown to become the largest automobile manufacturer in the United States and ranks among the largest globally. In 2019, GM was positioned at #13 on the Fortune 500 list, which ranks the largest U.S. corporations by total revenue. The company operates manufacturing facilities in 15 countries and features key brands such as Chevrolet, Buick, GMC, and Cadillac. Additionally, GM possesses or has significant interests in international brands including Holden, Wuling, Baojun, and Jiefang, and reached a significant milestone of selling 10 million vehicles worldwide in 2016. Prior to founding GM, Durant led the Durant-Dort Carriage Company in Flint, Michigan, which had established itself as the foremost U.S. manufacturer of horse-drawn vehicles by 1900.
Although initially hesitant about the automobile industry, Durant was convinced by James H. Whiting, the owner of Flint Wagon Works, to acquire Buick Motor Company in 1904. In 1908, Durant, in collaboration with partner Charles Stewart Mott, launched General Motors as a holding company. The first brand to be acquired by GM was Buick, followed by Oldsmobile on November 12, 1908. Durant further expanded GM's portfolio in 1909 by acquiring Cadillac, Elmore, Oakland (the precursor to Pontiac), as well as the Reliance Motor Truck Company and Rapid Motor Vehicle Company, which were the forerunners of GMC. However, Durant's aggressive expansion led to financial overreach, resulting in his ousting 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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