Archive for June 16, 2024

June 16, 1903

Henry Ford incorporates the Ford Motor Company with ten investors and $28,000. Ford will begin building automobiles on Mack Avenue in Detroit in a converted factory that previously produced wagons. This was Ford’s 3rd attempt at building a company that produced cars and the investment was down to $300 before the first Ford was sold. Eventually the Ford Model T would be largely responsible for popularizing the automobile to the general public, at one point representing half of all cars on the road.