NOTHING NEW UNDER THE SUN (ALMOST)
17th June, 1903 : A group of Detroit investors yesterday formed the Ford Motor Company. It represents the industrial ambitions of Henry Ford, son of a Dearbon farmer, who has been experimenting with “horseless carriages” since he moved to Detroit as a teenager. Mr Ford has worked on petrol driven cars since 1893, inspired by the inventions of Carl Benz in Germany in the mid-1880. The recent success of the one cylinder Oldsmobile, now being produced at the rate of 4,000 a year, was a major factor in persuading Alex Malcomson, a Detroit coal merchant, to form a group of investors to back the venture. Mr Ford owns about a quarter of the new company’s shares and will be its vice-president and chief engineer.
[We almost drove Malcomsons then.]