General Motors Company, commonly referred to as General Motors (GM), is an American multinational corporation headquartered in Detroit that designs, manufactures, markets, and distributes vehicles and vehicle parts, and sells financial services. With global headquarters in Detroit's Renaissance Center, GM manufactures cars and trucks in 35 countries. The company was founded by William C. Durant on September 16, 1908, as a holding company. The company was the largest automobile manufacturer from 1931 through 2007. In 2008, 8.35 million GM cars and trucks were sold globally under various brands. GM reached the milestone of selling 10 million vehicles in 2016. Current auto brands are Buick, Cadillac, Chevrolet, GMC, Holden, and Wuling. Former GM automotive brands include Daewoo, McLaughlin, Oakland, Oldsmobile, Pontiac, Hummer, Saab, Saturn, as well as Vauxhall and Opel. In addition to brands selling assembled vehicles, GM has also had various automotive-component and non-automotive brands, many of which it divested in the 1980s through 2000s. These have included Euclid and Terex (earthmoving/construction/mining equipment & vehicles); Electro-Motive Diesel (locomotive, marine, and industrial diesel engines); Detroit Diesel (automotive and industrial diesel engines); Allison (aircraft engines, transmissions, gas turbine engines); Frigidaire (appliances including refrigeration and air conditioning); New Departure (bearings); Delco Electronics and ACDelco (electrical and electronic components); GMAC (finance); General Aviation and North American Aviation (airplanes); GM Defense (military vehicles); and Electronic Data Systems (information technology).