The Ford Motor Company was founded.

On 16 June 1903, Ford Motor Company was established in Detroit, Michigan, United States, by Henry Ford and 12 other investors with an initial investment of $28,000.

Henry Ford himself held a 25.5% stake in the initial organization, while fellow investor John S. Gray was elected as the first president.

On 15 July 1903, Ford Motor Company sold its first automobile, which was manufactured in a rented carriage factory on Mack Avenue in Detroit, Michigan, United States.

The sale marked the beginning of Ford's journey to becoming one of the world's largest automobile manufacturers.
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