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General Motors Financial Ratio Analysis

General Motors - Financial Ratio Analysis

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Title: General Motors - Financial Ratio Analysis

Essay Details:

Subject: Business

Author:

Date: April 1, 2017

Level: University

Grade: B

Length: 6 / 1536

Essay text:

He formed the General Motors Company in Flint, Michigan, in 1908. Durant had bought 17 companies (including Oldsmobile, Cadillac, and Pontiac) by 1910, the year a bankers' syndicate forced him to step down. In a 1915 stock swap, he regained control through Chevrolet, a company he had formed with race car driver Louis Chevrolet. GM created the GM Acceptance Corporation (auto financing) and acquired a number of businesses, including Fisher Body, Frigidaire (sold in 1979), and a small bearing company, Hyatt Roller Bearing. With the Hyatt acquisition came Alfred Sloan, an administrative genius who would build GM into a corporate colossus...

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