Ford Motor Company started on June 16, 1903, when Henry Ford and 11 business helpers signed papers to form the company. Their first Ford production car, the Model A, was sold in Detroit, Michigan a few months later. (This Model A should not be confused with their more famous Model A, which came out in 1927). With $280,000 (around 165 000 pounds), the early businessmen made what was to become one of the world's largest companies. Few companies changed the history and development of industry and society in the 20th century as much as Ford Motor Company.