21 Entrepreneurs Reveal Their Favorite Business or Entrepreneur Turnaround Story
Hearpreneur
OCTOBER 31, 2021
It was originally a holding company founded by William C. Durant lost control of GM to a bankers' trust just two years later, in 1910, due to enormous debt and a crumble in automobile sales. A dramatic proxy war in 1915 helped him retake control, but the new vehicle market crashed in 1918, and he lost it forever.
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