7. In 1899, with the success of his first invention under his belt, Henry found men that would back him financially. These men, along with Ford, created an automotive company. What was the name of the company that they formed?
From Quiz Henry Ford: The Man Behind The Model T
Answer:
Detroit Automobile Company
In 1901, Ford's financial supporters were determined to absolve the company and move on. It was apparent to them that Ford only wanted to improve upon automobiles that he was all ready working on. Ford repeatedly told his financial supporters that his cars were not ready for the public. During the latter part of 1901, Ford was not happy with the pressure that his backers were giving him, and he decided on his own to leave the company. Henry's financial backers absolved the Detroit Automobile Company, and renamed it Oldsmobile. In the early part of 1902, the four men who once supported and exploited Henry Ford, met a man by the name of Henry M. Leland. Leland was having problems with his automotive backers as well, and was looking to expand his contacts. Upon hearing that Ford had left his company and financial backers, Leland decided to take a crack at presenting is small compact engine to them. His engine was so small that on the day he met with his future supporters, he carried the small engine into the meeting by himself. Leland explained in detail to the men how the engine would work. His future backers were immediately impressed with him and commissioned a car to be built specifically for Leland's engine. The car that was created was not called the Leland, as well it should have been. But Leland made a suggestion for the name of the car. He wished that the car be named after French explorer, Antoine de la Mothe Cadillac, who had founded the city of Detroit. By the end of 1902, heading into 1903, the first Cadillac was available to the public. It was an instant hit with the public and financial supporters alike. In the latter part of 1903, Leland had discovered that parts of an engine that had deteriorated, could be replaced rather than to replace an entire engine. In 1905, Leland bought the name Cadillac from his financial backers and was now the ruling factor in his own company. Leland eventually sold his company to General Motors. He served as an executive in the General Motors Company as the Chief Operating Officer in charge of the Cadillac division. He remained with General Motors until 1917, when disagreements arose about the future quality of the Cadillac. In 1917, Leland started another company that would build aircraft engines for the war effort. Eventually, the building that the aircraft engines were manufactured in turned to making engines for automobiles, under the tutelage of Leland. When Leland left General Motors, he took with him the name Cadillac, because he had sold the business end to General Motors, but not the name, and he wanted to add another car to his Cadillac brand. He chose the single most influential person, that he considered to be a true hero. He named his subdivision and subsequently its cars, after Abraham Lincoln.
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