Very interesting History of Chevrolet.

Raptor626 · 11-02-2011, 07:40 PM

Thought I'd share this article. We almost had a Ford/Chevy merger? WTH!?

http://www.motortrend.com/features/c..._of_chevrolet/

*DGthe3* · 11-02-2011, 11:35 PM

Today is Chevorlets 100th Birthday, and to commemorate Motor Trend posted up this article

Quote:

Originally Posted by Motor Trend

William Crapo Durant's greatest failure led to the creation of Chevrolet. A year after he incorporated General Motors, he went after Henry Ford's third, and most successful, car company. Ford, according to Lawrence R. Gustin's biography of Durant, was concerned about Selden's patent suit claiming invention of the automobile, and was amenable to selling to GM if he could retain the rights for motorized farm implements.

GM was to pay Ford $2 million cash, plus $4 million at 5 percent interest over three years. On October 26, 1909, GM's board "gave Durant authority to purchase Ford if financing could be arranged," Gustin writes in "Billy Durant, Creator of General Motors."

Read more: http://www.motortrend.com

Keep in mind that in 1909 $2 million would be equivalent to a bit less than $50 billion today

There is a lot more to the article following the link including a pretty interesting timeline and some staff discussion on the most important Chevies.

derklug · 11-03-2011, 12:31 AM

Seldon invented, but never produced an automobile, but had the patent for a 4 wheel gas powered car. If the automakers(Ford and GM) had not prevailed on appeal, all car companies would have had their profits siphoned off to Sheldon and it would have crimped auto innovation. Ford was looking to cut his risk as farm implements were not covered and were potentionally more lucrative than the auto. In the days of limited paved roads, the car seemed like a rich mans toy.

Kycamaross · 11-03-2011, 02:44 AM

Wow, very interesting read......And to think we could be driving Camarostangs!!!!

ga0358 · 11-03-2011, 09:19 AM

Wow, great article. My dad worked in Flint, during the 60's, he had more overtime than he could handle back then...

DuhKoDuh · 11-03-2011, 09:23 AM

I'm glad it didn't come true!

*DGthe3* · 11-03-2011, 09:37 PM

merged

11-02-2011, 07:40 PM	#1
Raptor626 Account Suspended Drives: 2011 Camaro SS Summit White Join Date: Apr 2010 Location: Astoria, New York Posts: 796	Very interesting History of Chevrolet. Thought I'd share this article. We almost had a Ford/Chevy merger? WTH!? http://www.motortrend.com/features/c..._of_chevrolet/

11-03-2011, 12:31 AM	#3
derklug Drives: 12 Boss 302 Join Date: Sep 2009 Location: Grand Rapids, Mi Posts: 1,369	Seldon invented, but never produced an automobile, but had the patent for a 4 wheel gas powered car. If the automakers(Ford and GM) had not prevailed on appeal, all car companies would have had their profits siphoned off to Sheldon and it would have crimped auto innovation. Ford was looking to cut his risk as farm implements were not covered and were potentionally more lucrative than the auto. In the days of limited paved roads, the car seemed like a rich mans toy. __________________ The biggest mistakes in life come when you know exactly what you are doing.

11-03-2011, 02:44 AM	#4
Kycamaross RED JEWEL inthe BLUEGRASS Drives: 2010 RJT 2SS/RS, 01 S-10 Xtreme Join Date: Apr 2010 Location: Northern Kentucky Posts: 728	Wow, very interesting read......And to think we could be driving Camarostangs!!!! __________________

11-03-2011, 09:19 AM	#5
ga0358 Drives: 2010 ABM LS Join Date: Jan 2010 Location: Acworth, Georgia Posts: 935 View My Garage	Wow, great article. My dad worked in Flint, during the 60's, he had more overtime than he could handle back then... __________________

11-03-2011, 09:23 AM	#6
DuhKoDuh Drives: 2011 Camaro 2SS/RS (Black) L99 Join Date: Aug 2010 Location: Pilot Point, Texas Posts: 2,185	I'm glad it didn't come true! __________________ Follow me on Instagram @C7Corvettes

11-03-2011, 09:37 PM	#7
DGthe3 Moderator.ca Drives: 05 Grand Am GT Join Date: Jul 2007 Location: Niagara, Canada Posts: 25,366	merged __________________ Note, if I've gotten any facts wrong in the above, just ignore any points I made with them __________________ Originally Posted by FbodFather My sister's dentist's brother's cousin's housekeeper's dog-breeder's nephew sells coffee filters to the company that provides coffee to General Motors...... ........and HE WOULD KNOW!!!! __________________ Camaro Fest sub-forum

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