MAKE PARAGRAPH ABOUT THE HISTORY ABOUT COMPANY

THE HISTORY ABOUT FORD MOTOR COMPANY .

        Henry Ford, an engineer with the Edison Illuminating Company in Detroit, experimented with engines in his spare time and completed his first automobile, the Quadricycle, in 1896. The vehicle consisted of a two-cylinder engine and chassis mounted on four bicycle wheels with no brakes. It had a top speed of 40 km/h (25 mph). By 1899 Ford had built two more models and gained recognition for his pioneering work. That year he founded the Detroit Automobile Company, but the company went bankrupt in 1901. Later that year Ford and other investors started the Henry Ford Company, but Ford was asked to resign after devoting too much time to building race cars. The company later became the Cadillac Automobile Company.

        In 1903 the 40-year-old Ford and 11 investors raised $28,000 to form the Ford Motor Company. Among the original investors were brothers John and Horace Dodge, who would later found their own car company. In the first 15 months of operation, the Ford factory produced 1,700 Model A automobiles, which earned a reputation for reliability. Over the next five years Ford and his engineers produced other models, some purely experimental, designated with the letters B through S. The most successful of these models was the Model N, a small four-cylinder car priced at $500. The Model K, a $2,500 six-cylinder luxury model, was a financial failure.