Ford's Quadricycle hfha.org
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Henry got a job as an engineer for the Edison Illuminating Company. Although Ford did not know a ton about electricity, he saw this job as an opportunity to learn. Henry was a quick learner when it came to electricity. He rose to the chief engineer of the Illuminating Company. But Henry had other interests other than his current job, he wanted to make a self-powered horseless carriage. So, he and his friends worked in a barn for days to build a self-propelled vehicle, The Ford Quadricycle. It had four wheels that looked like heavy bicycle wheels, was steered with a tiller like a boat. It had only two forward speeds with no reverse.
While Henry was still working at the powerplant he was thinking of how he could make his car better. Ford began thinking seriously of manufacturing gasoline automobiles. His second Ford vehicle was completed in 1898. In the same year, he finally received a patent for his automobile. In 1899, with money raised from investors following the development of a third model car, Ford left Edison Illuminating Company to pursue his car making business full time. Therefore, The Ford Motor Company was born.
Shortly after Henry Ford resigned he and a couple of friends started the Detroit Automobile Company on August 5, 1899, which went into bankruptcy about 18 months later. In the meantime, Ford built racecars. It was at this time when Ford realized the public's confidence in early automobile technology was based on speed. Ford hoped that if people saw how good a racer he was they would see his skills as an engineer. So, with the help of an ace mechanic named Ed "Spider Huff and design engineer C. Harold Lewis, Ford worked day and night in the winter cold to complete the racer.
In October 1901 at the Grosse Pointe Racetrack held a race between Henry Ford and, the most famous car maker in America, Alexander Winston. Henry Ford won the race which in turn attracted many investors. In November of 1901, the Henry Ford company began.
On June 16, 1903, the Ford Motor Company was organized. With twelve investors and 1,000 shares, the company had spent almost all of its $28,000 cash investment by the time it sold the first Ford Model A on July 23, 1903. By October 1, 1903, Ford Motor Company had turned a profit of $37,000.
Henry Ford died at his home in Dearborn, at 11:40pm on Monday, April 7, 1947, following a hemorrhagic stroke. He was 83 years old.
theHenryFord.org