1909, Cadillac Enters the Fold

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Date

1910

Location

Unknown

After two earlier attempts had failed because of a high asking price, Durant’s GM acquired Cadillac Motor from Henry Leland and his son, Wilfred, for $4.75 million, with the stipulation that the two Lelands be allowed to continue managing all Cadillac operations. They did so until 1917, when they parted ways with Durant and formed the Lincoln Company, which went bankrupt and was acquired at auction by Ford Motor Company in 1921.