Henry Ford family sole ownership of the company. By the mid-1920s, sales of the Model T began to decline due to rising competition. Other auto makers offered payment plans through which consumers could buy their cars, which usually included more modern mechanical features and styling not available with the Model T. Despite urgings from Edsel, Henry refused to incorporate new features into the Model T or to form a customer credit plan. By 1926, flagging sales of the Model T finally convinced Ford to make a new model. He pursued the project with a great deal of technical expertise in design of
Henry Ford Company built. It is approximately half a mile southwest from Cadillac Place, GM's headquarters from 1922 until 2001, when GM moved to the GM Renaissance Center next to the Detroit River. Henry Ford Company The Henry Ford Company was the second company for Henry Ford, founded November 1901. It resulted from the reorganization of the Detroit Automobile Company, his first unsuccessful attempt at automobile manufacture a year before. In March 1902, Ford left the company following a dispute with his financial backers, William Murphy and Lemuel Bowen, as Ford was devoting considerable time to the sport of auto racing and his