MeanBuicks
Scaring the neighbors!
- Joined
- May 24, 2001
- Messages
- 3,658
David Buick, namesake of the General Motors marque Buick, died in Detroit at the age of seventy-four. A former bathtub manufacturer, David Buick sold his first car in 1904. Only a few months later, William C. Durant, the eventual founder of General Motors, took control of the company. Durant raised $1.5 million to refinance Buick’s starved coffers. He reportedly sold over a half million dollars of stock in a day. Using his contacts in the carriage business, Durant established an extensive distribution network. By 1908 the Buick Motor Company, based in Flint, Michigan, sold more cars than any auto maker in prior history. After working for several years under Durant, David Buick left the Buick Motor Company in 1908. At the time of his death in 1929, Buick was penniless.
The Buick Motor Company, on the contrary, had sold over two million cars and had made William C. Durant one of the most powerful men in the U.S. auto industry.
