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William C. Durant
William Crapo Durant (December 8, 1861 – March 18, 1947) was a leading pioneer of the United States automobile industry, founder of General Motors and co-founder of Chevrolet. He created a system in which a company held multiple brands – each seemingly independent, with different automobile lines – bound under a unified corporate holding company. He also founded Frigidaire. Biography Durant was born in Boston, Massachusetts on December 8, 1861. He was the second child of William Clark Durant and Rebecca Folger Durant (née Crapo), who was born to a wealthy Massachusetts family of French descent. His mother, Rebecca, was the daughter of Michigan governor Henry H. Crapo, who was also of French descent. Durant's family moved to Flint, Michigan after his father abandoned the family in 1869. They lived with Rebecca's sister, Rhoda, and her husband James Wilson. William dropped out of high school to work in his grandfather's lumberyard. He started out as a cigar salesman ...
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Boston
Boston is the capital and most populous city in the Commonwealth (U.S. state), Commonwealth of Massachusetts in the United States. The city serves as the cultural and Financial centre, financial center of New England, a region of the Northeastern United States. It has an area of and a population of 675,647 as of the 2020 United States census, 2020 census, making it the third-largest city in the Northeastern United States after New York City and Philadelphia. The larger Greater Boston metropolitan statistical area has a population of 4.9 million as of 2023, making it the largest metropolitan area in New England and the Metropolitan statistical area, eleventh-largest in the United States. Boston was founded on Shawmut Peninsula in 1630 by English Puritans, Puritan settlers, who named the city after the market town of Boston, Lincolnshire in England. During the American Revolution and American Revolutionary War, Revolutionary War, Boston was home to several seminal events, incl ...
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Ford Motor Company
Ford Motor Company (commonly known as Ford) is an American multinational corporation, multinational automobile manufacturer headquartered in Dearborn, Michigan, United States. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobiles and commercial vehicles under the List of Ford vehicles, Ford brand, and luxury cars under its Lincoln Motor Company, Lincoln brand. The company is listed on the New York Stock Exchange under the single-letter ticker symbol F and is controlled by the Ford family (Michigan), Ford family. They have minority ownership but a plurality of the voting power. Ford introduced methods for large-scale manufacturing of cars and large-scale management of an industrial workforce using elaborately engineered manufacturing sequences typified by moving assembly lines. By 1914, these methods were known around the world as Fordism. Ford's former British subsidiaries Jaguar Cars, Jaguar and Land Rover, acquired in 1989 and 2000, r ...
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Henry Ford
Henry Ford (July 30, 1863 – April 7, 1947) was an American Technological and industrial history of the United States, industrialist and business magnate. As the founder of the Ford Motor Company, he is credited as a pioneer in making automobiles affordable for middle-class Americans through the system that came to be known as Fordism. In 1911, he was awarded a patent for the transmission mechanism that would be used in the Ford Model T and other automobiles. Ford was born in a farmhouse in Springwells Township, Michigan, and left home at the age of 16 to find work in Detroit. It was a few years before this time that Ford first experienced automobiles, and throughout the later half of the 1880s, he began repairing and later constructing engines, and through the 1890s worked with DTE Electric Company, a division of Edison Electric. He founded the Ford Motor Company in 1903 after prior failures in business, but success in constructing automobiles. The introduction of the Ford M ...
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Motor Trend
''Motor Trend'' is an American automobile magazine. It first appeared in September 1949, and designated the first Car of the Year, also in 1949. Petersen Publishing Company in Los Angeles published ''Motor Trend'' until 1998, when it was sold to British publisher EMAP, who then sold the former Petersen magazines to Primedia in 2001. ''Motor Trend'' bears the tagline "The Magazine for a Motoring World". As of 2024 it is published by Motor Trend Group. It has a monthly circulation of over one million. Publication was monthly but changed to quarterly in 2024. In December 2024, Hearst Communications acquired Motor Trend Group and most its assets including ''Motor Trend'' from Warner Bros. Discovery. Contents and sections The contents of ''Motor Trend'' magazines are divided up into sections, or departments. Road tests ''Motor Trend'' magazine provides its readers with written "road tests" of vehicles. These road tests are published in each issue and are meant to give readers ...
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Byron J Carter
Byron J. Carter, (August 17, 1863 – April 6, 1908) was an American automotive pioneer. He was a founding partner of the Jackson Automobile Company, and founder of the Cartercar Company. Early life and experience Byron J. Carter was born on August 17, 1863, in Jackson County, Michigan, Jackson County, Michigan, to Squire B. Carter and Martha Crum. His grandfather, Peter T. Carter, was an early settler in Spring Arbor Township, Michigan. In 1885, Byron Carter established the Steam Job Printing and Rubber Stamp Manufacturing business in at 167 Main St., Jackson Michigan, Jackson. In 1894, with his father, he started a bicycle and sunrise store in Jackson on the corner of Courtland and Jackson streets. Two years later, they returned to the printing business by starting the United States Tag Co. During his years of working at Steam Job Printing, Carter gained experience with steam engines, which gained him a patent for the three-cylinder engine, his first engine for the 1902 Jaxon st ...
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Jackson, Michigan
Jackson is a city in Jackson County, Michigan, United States, and its county seat. The population was 31,309 at the 2020 United States census, 2020 census. Located along Interstate 94 in Michigan, Interstate 94 and U.S. Route 127 in Michigan, U.S. Route 127, it is approximately east of Kalamazoo, Michigan, Kalamazoo, west of Ann Arbor, Michigan, Ann Arbor, west of Detroit, Michigan, Detroit and south of Lansing, Michigan, Lansing. Jackson is the core city of the Jackson Metropolitan statistical area, metropolitan area, which includes all of Jackson County and has a population of 160,248. The city was founded in 1829 and named after President Andrew Jackson. Michigan's first prison, Michigan State Prison (or Jackson State Prison), opened in 1838 and remains in operation. Jackson was historically regarded as the "birthplace of the Republican Party (United States), Republican Party" due to a meeting held there in 1854, during which political figures gathered to oppose the expansi ...
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Cartercar
Cartercar was an American automotive manufacturing company established in 1905 in Jackson, Michigan, and founded by Byron J. Carter. After several relocations in other cities, Cartercar was acquired by General Motors in 1909. History Beginning After leaving the Jackson Automobile Company due to a disagreement with his business partners over the choice of transmissions in 1905, Byron J. Carter formed the Motorcar Company in Jackson. The firm relocated to Detroit by the end of the year, due to having financing there. Starting in 1907, the company was named Cartercar Company and was relocated to Pontiac, thereupon merging with the makers of the Pontiac High wheeler. The Cartercar was given a warm reception in the press, largely due to the friction drive transmission, which was a sort of forerunner of the CVT of today, as both offered an infinite number of engine speeds. At 4,000 miles, the paper fiber rims that were part of the friction-drive could be replaced for no more ...
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William C
William is a masculine given name of Germanic origin. It became popular in England after the Norman conquest in 1066,All Things William"Meaning & Origin of the Name"/ref> and remained so throughout the Middle Ages and into the modern era. It is sometimes abbreviated "Wm." Shortened familiar versions in English include Will or Wil, Wills, Willy, Willie, Bill, Billie, and Billy. A common Irish form is Liam. Scottish diminutives include Wull, Willie or Wullie (as in Oor Wullie). Female forms include Willa, Willemina, Wilma and Wilhelmina. Etymology William is related to the German given name ''Wilhelm''. Both ultimately descend from Proto-Germanic ''*Wiljahelmaz'', with a direct cognate also in the Old Norse name ''Vilhjalmr'' and a West Germanic borrowing into Medieval Latin ''Willelmus''. The Proto-Germanic name is a compound of *''wiljô'' "will, wish, desire" and *''helmaz'' "helm, helmet".Hanks, Hardcastle and Hodges, ''Oxford Dictionary of First Names' ...
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Louis Chevrolet
Louis-Joseph Chevrolet (December 25, 1878 – June 6, 1941) was an American racing driver, mechanic and entrepreneur who co-founded the Chevrolet, Chevrolet Motor Car Company in 1911. Early life Louis-Joseph Chevrolet was born on December 25, 1878, in La Chaux-de-Fonds, a center of watchmaking in northwestern Switzerland. He was the second child of Joseph-Félicien Chevrolet, a watchmaker, and Marie-Anne Angéline Mahon. His family was originally from Bonfol, now in the canton of Jura. In 1887, Chevrolet left Switzerland along with his father to settle in Beaune, France. There, as a young man, he developed his mechanical skills and interest in bicycle racing. During this period, Chevrolet invented a wine pump, which he built from a defective one-cylinder motor mounted on a three-wheeled bicycle. Career Early career Chevrolet worked at the Roblin mechanics shop in Beaune from around 1889 to 1899. He then moved to Paris, where he worked at various mechanics shops, betwe ...
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Oakland Motor Car
The Oakland Motor Car Company of Pontiac, Michigan, was an American automobile manufacturer and division of General Motors. Purchased by General Motors in 1909, the company continued to produce modestly priced automobiles until 1931 when the brand was dropped in favor of the division's Pontiac make. Beginning The company was created by Edward Murphy who owned the Pontiac Buggy Company and Alanson Brush who was working as a consultant in Detroit after leaving the Cadillac Motor Company. Oakland Motor Company was named for Oakland County, Michigan, in which it was based. As originally conceived and introduced, the first Oakland used a design created by Brush and presented to Murphy who liked the idea and decided to go into business. The vertical two-cylinder engine that rotated counterclockwise was originally presented to Cadillac but was rejected. This design by Alanson Partridge Brush, inventor of the single-cylinder Cadillac and Brush Runabout, also featured a planetary transmis ...
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Olds Motor Works
Oldsmobile (formally the Oldsmobile Division of General Motors) was a brand of American automobiles, produced for most of its existence by General Motors. Originally established as "Olds Motor Vehicle Company" by Ransom E. Olds in 1897, it produced over 35 million vehicles, including at least 14 million built at its Lansing, Michigan, factory alone. During its time as a division of General Motors, Oldsmobile slotted into the middle of GM's five passenger car divisions (above Chevrolet and Pontiac, but below Buick and Cadillac). It was also noted for several groundbreaking technologies and designs. Oldsmobile's sales peaked at over one million annually from 1983 to 1986, but by the 1990s the division faced growing competition from premium import brands, and sales steadily declined. When it shut down in 2004, Oldsmobile was the oldest surviving American automobile brand, and one of the oldest in the world. History Early history Oldsmobiles were first manufactured by the Olds Moto ...
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Cost-plus Pricing
Cost-plus pricing is a pricing strategy by which the selling price of a product is determined by adding a specific fixed percentage (a " markup") to the product's unit cost. Essentially, the markup percentage is a method of generating a particular desired rate of return. An alternative pricing method is value-based pricing. Cost-plus pricing has often been used for government contracts ( cost-plus contracts), and has been criticized for reducing incentive for suppliers to control direct costs, indirect costs and fixed costs whether related to the production and sale of the product or service or not. Companies using this strategy need to record their costs in detail to ensure they have a comprehensive understanding of their overall costs. This information is necessary to generate accurate cost estimates. Cost-plus pricing is especially common for utilities and single-buyer products that are manufactured to the buyer's specification, such as for military procurement. Mechan ...
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