September 16, 1908: William Durant established General Motors, only produced Buick Motor initially.
1918: GM takes over Chevrolet.
1919: GM establishes GMAC, offering personal retailing financial services.
1925: GM takes over the Vauxhall Motor Company of Britain, which is the first major acquisition for General Motors outside North America.
1929: GM acquires the Opel of Germany.
1983: GM declares the "Saturn's plan", establishing a new subsidiary in U.S.:Saturn Corporation, which produces innovative compact automobiles.
1989: GM takes over 50 % stake of Swedish Saab, and acquires the remaining 50% in 2000.
1999: GM acquires ownership of Hummer.
2002: GM acquires the major vehicle assets of South Korean Daewoo Motor.
2005: GM announces the reshuffle of enterprises duo to the loss of 10.5 billion U.S. dollars.
By People's Daily Online
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