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Basic Motors was founded by William Durant (previously a carriage maker)n in 1908. Within the first couple of years, GM acquired Buick, Oldsmobile, Oakland (later to change into Pontiac), Cadillac, and a number of other car corporations. Durant also wanted to amass Ford but Henry Ford opted to keep his firm impartial. Having become slightly to “acquisition-blissful,” Durant over-extended the company and was pressured out by a group of banks who took controlling curiosity within the firm. Durant then teamed up with Louis Chevrolet and founded Chevrolet in 1913, which became a fast success. Durant retook majority management in GM after acquiring enough stock and GM acquired Chevrolet in 1917. This didn’t final lengthy, nonetheless. Durant was compelled out again in 1921. In the late 1920s, GM overtook Ford as the largest automaker.