General Motors has signed a purchase agreement for the Durant-Dort Carriage Company factory in Flint, Michigan for an undisclosed sum. Calling the location "Factory One," GM President of North America Mark Reuss said he isn't sure what will be done with the site yet, but when it's "reborn" it will "be great and it's going to be something we can all be proud of - GM and Flint."

According to Wikipedia, William Durant co-founded the Durant-Dort Carriage Co. with Josiah Dallas Dort in 1886. They leased a factory to build carriages from the Flint Woolen Mills, and the office building across the street is where Durant dreamed up the idea for General Motors - coincidentally, both David Dunbar Buick and Charles Nash, who would open their own respective car companies, worked for the carriage company.

GM will also take over the upkeep of the carriage company's office building. It has been suggested that the boardroom there could become a museum, but publicly all we know is that Reuss says, "We're going to make that area a really special area." Scroll down to watch a video offering a bit of history on the venture, as well as an announcement message from GM's Reuss.

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