By Steven Symes on March 10, 2018
Do you know which city General Motors (GM) calls home? Or, what year the automaking giant was founded? Do you know which car company was the first to become part of the GM family? Or, do you know how long it took the company to sell its first 50 million vehicles? If you know the answers to all of these questions, you might have what it takes to ace this General Motors quiz!
GM founder William Durant hated cars; he found them noisy and annoying. Despite this, he not only owned a car company -- Buick -- but went on to found one of the biggest car companies in the history of the industry. At the start of the 20th century, there were only around 8,000 cars in the entire U.S. Durant had made a fortune selling horseless carriages, but saw money in autos.
As the owner of Buick, he was one of more than 45 different car company heads in the U.S. at the time. Most of the carmakers were small and tended to fail quickly, often taking customers' deposits with them. Durant saw an opportunity to take advantages of economies of scale by bringing many of these companies under a single umbrella. In 1908, he founded GM, and within two years, more than 11 different car makers had signed on to join -- including Oldsmobile, Cadillac and an early precursor to Pontiac.
Just half a century later, GM controlled more than 50 percent of the U.S. car market. Fifty years after that, they declared bankruptcy. Think you know all about the rise, fall and rebirth of this auto behemoth? Take our quiz to find out!