On the strength of Gray's name, Malcomson recruited other business acquaintances to invest, including local merchants Albert Strelow and Vernon Fry, lawyers John Anderson and Horace Rackham, Charles T. Gray was not interested at first, but Malcomson promised he could withdraw his share at any time, so Gray reluctantly agreed. Malcomson proposed incorporating Ford and Malcomson to bring in new investors, and wanted Gray to join the company, thinking that Gray's name would attract other investors. Gray, the president of the German-American Savings Bank and a good friend. Malcomson, constrained by his coal business demands, turned to his uncle John S. However, by February 1903, Ford and Malcomson had gone through more money than expected, and the manufacturing firm of John and Horace Dodge, who had made parts for Ford and Malcomson, was demanding payment. Malcomson put up the money to start the partnership "Ford and Malcomson" and the pair designed a car and began ordering parts. Malcomson, to help finance another automobile company. Henry Ford turned to an acquaintance, coal dealer Alexander Y. In March 1902, after falling out with his financial backers, Ford left the company with the rights to his name and 900 dollars. The company foundered, and in 1901 was reorganized as the Henry Ford Company. His initial foray into automobile manufacturing was the Detroit Automobile Company, founded in 1899. The coal shed has been recreated using the original bricks at Greenfield Village in nearby Dearborn. At the entrance to the Michigan Building, there is a commemorative plaque identifying the original location of the Ford home. The location has been redeveloped, where the Michigan Building now stands, and the tracks for the Detroit People Mover and the Times Square People Mover station are nearby. Henry Ford built his first automobile, which he called a quadricycle, at his home in Detroit in 1896. Over time, those brands were sold to other companies and Mercury was discontinued.
Ford once owned 5 other luxury brands: Volvo, Land Rover, Jaguar, Aston Martin, and Mercury.
Ford now encompasses two brands: Ford and Lincoln. The largest family-controlled company in the world, the Ford Motor Company has been in continuous family control for over 110 years. Ford Motor Company would go on to become one of the largest and most profitable companies in the world. Based in Dearborn, Michigan, a suburb of Detroit, it was founded by Henry Ford on June 16, 1903. The Ford Motor Company is an American automaker, the world's fifth largest based on worldwide vehicle sales. 1919), founded and led the company, presiding over it during two tenures, 1906–19–1945
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