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Cadillac & Lake City

Transportation Company - Cadillac & Lake City - Railroad
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Company NameCadillac & Lake City
CategoryRailroad
Year Founded1963
Final Year of Operation1989
TerminationDissolved
Successor/ParentGeneral Motors (Details)
CountryUnited States (Details)
Source of TextBluford Shops
Text Credit URLLink
Transportation Company - Cadillac & Lake City - Railroad



Company History: The CLK began in 1963 as a spin-off of the Pennsylvania Railroad between Cadillac and Lake City, Michigan, a distance of 21 miles. Tourists and some freight were pulled behind steam but a diesel was also on hand. Traffic withered away by 1976 and the company became inactive, at least as a railroad. In 1981, the company reappeared on the scene, this time taking over a former Rock Island line from Silma and Limon, Colorado to Colby, Kansas, a distance of 171 miles. Three years later, the Limon to Colby segment was turned over to the Kyle Railway, leaving CLK with a 69 mile line from Cimarron Hills to Limon. Sufficient traffic never materialized and the railroad went bankrupt and closed in 1989.
Successor/Parent History:
General Motors Company was formed on September 16, 1908, in Flint, Michigan, as a holding company controlled by William C. Durant, owner of Buick. At the beginning of the 20th century, there were fewer than 8,000 automobiles in America, and Durant had become a leading manufacturer of horse-drawn vehicles in Flint, in the 1880s and 1890s, before making his foray into the automotive industry in 1904 by purchasing the fledgling Buick Motor Company.[ GM's co-founder was Charles Stewart Mott, whose carriage company was merged into Buick prior to GM's creation. Over the years, Mott became the largest single stockholder in GM, and spent his life with his Mott Foundation, which has benefited the city of Flint, his adopted home. GM acquired Oldsmobile later that year. In 1909, Durant brought in Cadillac, Elmore, Oakland, and several others. Also in 1909, GM acquired the Reliance Motor Truck Company of Owosso, Michigan, and the Rapid Motor Vehicle Company of Pontiac, Michigan, the predecessors of GMC Truck. Durant, along with R. S. McLaughlin, lost control of GM in 1910 to a bankers' trust, because of the large amount of debt taken on in its acquisitions, coupled with a collapse in new vehicle sales.

The next year, Durant started the Chevrolet Motor Car Company in the U.S., and in Canada in 1915, and through this, he secretly purchased a controlling interest in GM. Durant regained control of the company after one of the most dramatic proxy wars in American business history. Durant then reorganized General Motors Company into General Motors Corporation in 1916, merging Chevrolet with GM and merging General Motors of Canada Limited as an ally in 1918. Shortly thereafter, he again lost control, this time for good, after the new vehicle market collapsed. Alfred P. Sloan was picked to take charge of the corporation, and led it to its post-war global dominance when the seven manufacturing facilities operated by Chevrolet before GM acquired the company began to contribute to GM operations. These facilities were added to the individual factories that were exclusive to Cadillac, Buick, Oldsmobile, Oakland, and other companies acquired by GM. This unprecedented growth of GM would last into the early 1980s, when it employed 349,000 workers and operated 150 assembly plants.

From Wikipedia
Brief History:
The U.S. is a country of 50 states covering a vast swath of North America, with Alaska in the northwest and Hawaii extending the nation’s presence into the Pacific Ocean. Major Atlantic Coast cities are New York, a global finance and culture center, and capital Washington, DC. Midwestern metropolis Chicago is known for influential architecture and on the west coast, Los Angeles' Hollywood is famed for filmmaking.
Item created by: gdm on 2019-03-30 11:34:34. Last edited by gdm on 2019-03-30 11:35:00

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