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. Treasury invested $50 billion in General Motors a month later and made $39 billion from the sale of its shares later that.
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