The story
Tire division
William Francis O'Neil owned a Firestone Tire and Rubber Company franchise in Kansas City, Missouri. He started a small manufacturing facility for tire repair products, and called it The Western Rubber & Supply Company initially, then The Western Tire & Rubber Company.
As Firestone grew, it sold additional franchises, reducing the territories of its earlier franchisees. Dissatisfied, O'Neil decided to compete with Firestone instead, using the expertise he had gained with Western Tire and Rubber. He went into partnership with four other men, using funding gained from his father, and formed The General Tire & Rubber Company on September 29, 1915 using $200,000 USD in capital borrowed from the store. O'Neil & his associates hired away some Firestone managers.
Initially, they focused on repair materials, as with Western Tire & Rubber Company, but in 1916 they expanded into tire manufacturing, focusing on high–end products.
Early products included:
Despite the difficult business climate of World War I, in 1917, O'Neil established a dealership network and began an advertising campaign. By 1930, the company had 14 retail stores and about 1.8% of the tire market. During the depression, as competitors failed, The General Tire & Rubber Company bought out Yale Tire and Rubber Company, and India Tire and Rubber Company. By 1933, it had increased market share to 2.7%. This was a relatively large number, considering that the company limited its product line.
In the post–war years, The General Tire & Rubber Company gradually ceased to be exclusively a tire manufacturer and marketer. It entered the entertainment business, followed by tennis ball, wrought iron, and soft drink production, as well as chemicals and plastics manufacturing; in the early 1980s General Tire even began motion picture and video production.
From Wikipedia’s article on General Tire, shared under CC BY-SA 4.0.4