The Henry Ford Company was the second company for Henry Ford, founded November 3, 1901. It resulted from the reorganization of the Detroit Automobile Company, his first unsuccessful attempt at automobile manufacture a year before. In March 1902, Ford left the company following a dispute with his financial backers, William Murphy and Lemuel Bowen. In a final settlement, Ford left with his name and 900 dollars; he went on to start the Ford Motor Co...
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The Henry Ford Company was the second company for Henry Ford, founded November 3, 1901. It resulted from the reorganization of the Detroit Automobile Company, his first unsuccessful attempt at automobile manufacture a year before. In March 1902, Ford left the company following a dispute with his financial backers, William Murphy and Lemuel Bowen. In a final settlement, Ford left with his name and 900 dollars; he went on to start the Ford Motor Company in 1903.
In August 1902, Henry M. Leland was brought in by the investors to appraise the plant and equipment prior to selling them. Instead, Leland persuaded them to continue in the automobile business. The Henry Ford Company reorganized that year as Cadillac in honor of Antoine de la Mothe Cadillac, the founder of Detroit.
Cadillac's first car was completed on October 17, 1902, the 10 horsepower (7 kW) Cadillac. Based on Henry Ford's design (except for the engine, designed by Leland & Faulconer), it was practically identical to the 1903...
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