Tuesday 19th May 1903
Buick Motor Company, founded by Scottish-born American David Dunbar Buick, was incorporated. The following year, William Durant, a titan of the horse-drawn carriage industry, invested in Buick’s company, which was by then based in Flint, Michigan. That same year, the company made a total of 37 autos, known as the Model B. By 1906, Buick had lost control of the business and sold his stock, which would later be worth millions of dollars. Two years later, in 1908, William Durant made the Buick firm the cornerstone of his newly formed holding company, General Motors. Durant soon acquired Cadillac and Oldsmobile, among other car companies. In 1923, Buick built its 1 millionth vehicle. The Buick brand would play a key role in General Motors’ rise to become the world’s largest automaker by the early 1930s (a title it held until 2008, when it was surpassed by Japan-based Toyota). Today, Buick is GM’s entry-level luxury brand and one of the auto industry’s oldest nameplates.