7. During this time he was busy designing a startling new machine that would run under its own power and carry people. He called it a “horseless carriage.” Henry suggested to his wife that they move back to Detroit where he could get the necessary money to build his machine. In Detroit he spent all his free time, as well as a lot of money working on his plan. His neighbors thought that his dream was foolish and impossible. But finally in 1903, he built a car that was light, low to the ground and fast enough to race against other cars. He called his automobile the “999” after a famous express train. Then he was able to establish the Ford Motor Company, and from then on he never had any difficulty finding money to finance his business.
8. But the cost of the first car was too expensive. So Henry worked constantly to reduce the cost of manufacturing his cars so that more people could afford to buy them. Years later, Ford developed the assembly line method of production which made possible the production of large numbers of cars in a short time at low cost. Thus the famous Model T Ford, the “Tin Lizzie” was first sho