1899 – Detroit Automobile Company
The Detroit Automobile Company (DAC) was founded on August 5, 1899, in Detroit, Michigan by Henry Ford. The first vehicle, completed in 1900, was a gasoline-powered delivery truck. Despite positive press, the truck was slow, heavy and unreliable.
DAC closed in 1900 and was reorganized into the Henry Ford Company in November of 1901. In 1902, Henry Ford was bought out of the company by his partners, which included Henry Leland, who would quickly reorganize the company again and turn it into the Cadillac Automobile Company.