While he was working for them, in his own spare time he constructed a one-cylinder gasoline motor, which was an enormous step for Henry. Then, a couple of months later, on the sixth day of November, Mr. and Mrs. Henry Ford had their only child: a boy named Edsel Bryant Ford (The Story of Henry Ford).
In June of 1896, Henry built his first car: a two cylinder lightweight carriage, called the "quadricycle" ("Henry Ford" 566). 1899 came, and Henry decided to resign from the Edison Illuminating Company to organize the Detroit Automobile Company. After two years of hard work, the company went bankrupt because of the lack of cars sold (The Story of Henry Ford).
Henry Ford decided that building and driving race cars was the best thing for him to do at this time, so late in 1901, he decided to race and sell cars ("Henry Ford"). One of Henry's most important races was against Alexander Winston at Gross Pointe Michigan in October of 1901. The driver of Ford's car was Barney Oldfield who beat Alexander by only a few seconds (The Story of Henry Ford). Later, in January of 1904, Ford drove his "999" to a world's record of 39.4 seconds in a mile over the ice of Lake St. Claire ("Henry Ford" 566).
After doing a few years of racing, Henry decided to try and open a company one more time. The company was called The Ford Motor Company named after his family. Ford had three other partners when the company first opened on June 16, 1903 ("Henry Ford" 566). These partners were C. H. Wills as Ford's company assistant, James Couzens as Ford's business acumen, and Malcomson as Ford's office manager. At the time the company opened, Ford only owned 25.5% of the company which was worth $28,000.
The first car made in the company was the Model A in 1903. The first one of these made was sold within a month, and orders started pouring in after that for more cars. In 1905, Ford's office manager, Malcomson, was forced to sell his stock, be...