Ford Motor Company Incorporated
On June 16, 1903, the Ford Motor Company was incorporated. Henry Ford was named Vice President and investor John S. Gray was named President. They were shareholders, as were ten more investors. These included Alexander Malcomson, a coal dealer, who had supplied financing to Ford as his partner in the fledgling car-making business of Ford & Malcomson, Co. The Ford Motor Company was formed to raise more capital than Ford or Malcomson had themselves. John Gray was a wealthy candy manufacturer and banker, and Malcomson was his nephew. A month after the Ford Motor Co. was legally incorporated, it sold its first Model A car on July 23, 1903.
Books in our collection
Ford, the men and the machine by Robert Lacey
Tinkering: consumers reinvent the early automobile by Kathleen Franz