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He became president of a machine shop making ball bearings in 1899. In 1916 and 1918, his company merged with United Motors Corporation and with another company to form General Motors Corporation, which started making cars. He became Vice-President, then President (1923), and finally Chairman of the Board ( 1937). In 1934, he established the philanthropic nonprofit Alfred P. Sloan Foundation .
Under Alfred P. Sloan's leadership, public transport systems of trams in the US were successively replaced by buses. Many of the trams themselves were literally burnt in order to prevent any reversal in public transport policies. Frequencies of bus services were decreased on less profitable routes, helping to encourage people to buy their own automobiles and travel independently.
In these ways and others, Alfred P. Sloan continued to increase GM's profitability.
Sloan retired as chairman on April 2April 2 is the 92nd day of the year (93rd in leap years) in the Gregorian calendar, with 273 days remaining. Events 1513 Juan Ponce de Leon sets foot on Florida becoming the first known European to do so. 1755 Commodore William James captures pirate fortr, 19561956 is a leap year starting on Sunday. see link for calendar) Events January January 1 End of Anglo- Egyptian Condominium in Sudan. January 16 President Gamal Abdal Nasser of Egypt vows to reconquer Palestine January 26 1956 Winter Olympic Games open in and died in 1966.