Henry Ford built his first car in 1896 and worked as a pioneer in the industry, with others who would eventually form their own companies, until the founding of Ford Motor Company in 1903. Ford and others at the company struggled with ways to scale up production in keeping with Henry Ford's vision of a car designed and manufactured on a scale so as to be affordable by the average worker. The solution that Ford Motor developed was a completely redesigned factory with machine tools and special purpose machines that were systematically positioned in the work sequence. All unnecessary human motions were eliminated by placing all work and tools within easy reach, and where practical on conveyors, forming the assembly line, the complete process being called mass production. This was the first time in history when a large, complex product consisting of 5000 parts had been produced on a scale of hundreds of thousands per year. The savings from mass production methods allowed the price of the Model T to decline from $780 in 1910 to $360 in 1916. In 1924 2 million T-Fords were produced and retailed $290 each.