Under the brand name of Oldsmobile vehicles from the year 1897 in Lansing ( Michigan) by the Olds Motor Works produces. Oldsmobile was after Mercedes and Peugeot, a brand name of the longest used for cars.
In 1908, General Motors took over (GM ), the company was originally founded as RE Olds Motor Car Company of Ransom Eli Olds and used under the name of Oldsmobile until 2004 the brand. The Olds Motor Works was before Ford, the first commercially successful automobile manufacturers in the United States, the mass-produced. In the 107-year history of the brand 35 million Oldsmobiles were produced at GM; them at the factory Lansing about 14 million.
In the 1960s and 1970s, Oldsmobile was one of the most successful brands on the U.S. continent and also stood for technical features and innovations.
Under the Oldsmobile logo were built by General Motors produced 304 634 vehicles in 2000, but two years later there were only 162,000. This decline continued further, so that the General Motors Corporation ceased production of vehicles of the traditional brand Oldsmobile on 29 April 2004. The last vehicle that ran off the assembly line at Oldsmobile in GM plant in Lansing ( Michigan), was an Alero, which was brought to the R. E. Olds Transportation Museum.
The setting of the stamp cost GM around $ 1 billion, because they had to buy back the inventory of vehicles and spare parts from around 2800 Oldsmobile dealers.