May 8, 1956 – HFII resigns as Ford Foundation chairman

The Ford Foundation was founded in 1936 with a mission statement that claimed it was created “for scientific, educational and charitable purposes, all for the public welfare.” On this day in 1956 Henry Ford II resigned as its chairman. Until the founding of the Bill and Melinda Gates Foundation

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May 6, 1928 – Chrysler announces DeSoto

If you found yourself flipping through the pages of the Detroit Free Press on this day in 1928, you’d likely have read Walter P. Chrysler’s announcement of Chrysler’s upcoming brand DeSoto. The first car’s wouldn’t appear until the following August, but the announcement got the industry buzzing about this

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May 4, 1904 – Royce meets Rolls

Henry Royce was born poor and was working by age 9. Charles Rolls was born to an affluent family and had a formal education at Trinity College in Cambridge. The two made unlikely business partners, but they had two things in common by the time they met; a background

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May 2, 1918 – General Motors buys Chevrolet

On this day in 1918 General Motors (GM) purchased the Chevrolet Motor Company. In a bit of irony, William C. Durant, founder of Chevrolet, had also founded GM several years earlier, but was kicked to the curb when profits began to fall. Stockholders of GM blamed the issue on

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