March 5, 1929 – David Buick dies

In 1869 David Buick dropped out of school at age 15 to assist his fulfilling his family’s financial need by taking a job at a plumbing goods company. When the company ran into trouble in 1882 Buick and a partner bought it out, revitalizing it and turning it into a successful business once again. That all changed in the 1890s when Buick discovered a new interest, internal combustion engines. The plumbing company was sold and Buick used his new free time and capital to start the Buick Auto-Vim and Power Company in 1899, which produced engines for agricultural use. He quickly turned to automotive development and after creating a revolutionary “valve in-head” overhead valve engine, he founded Buick Motor Company in 1903 with a loan from friend and fellow auto enthusiast Benjamin Briscoe. In 1906 he accepted a severance package from Buick, leaving him with one share of the company he started. The president of Buick, William C. Durant, purchased this share for $100,000, approximately $2.6 million USD when adjusted for inflation. Following more than two decades of unsuccessful investments Buick died with nearly no money to his name on this day in 1929. David Buick c 1891.1906 Buick Touring – the year David Buick left the company he started. By F. D. Richards, CC2.0 https://flic.kr/p/Ldx5Xc

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