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I predict that the Automobile business will be one of the greatest
industries that this country has ever seen.
Ransom Eli Olds,
1904
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Ransom E. Olds was the first American to successfully mass produce
automobiles. He invented an early horseless carriage in 1896 in
Lansing. By 1904, he had formed the Reo Motor Car Companyhis
initials forming the company name. He sold more than 5,000 curved-ddash autos that year. Olds marketed his cars through magazine
advertisements and cross-country endurance runs. A daring 44-day
drive across the United States inspired the song "In My Merry
Oldsmobile" and helped solidify Olds's reputation for innovative auto
marketing.
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Business is a matter of filling the wants of the people. . .
. People buy whatever helps them as naturally as they drink water.
Henry Ford
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Henry Ford successfully adapted moving-assembly-line techniques to mass
produce automobiles. From 1908 to 1927, he offered one sole auto
modelthe Model T. It was so well and so inexpensively built
that more than 15 million were sold. At his River Rouge plant,
built in 1917, Ford integrated all manufacturing elements in one location,
from raw material to the finished automobile. This vertical
integration allowed Ford to tightly control production costs. |
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I was getting every car in sight.
William Crapo Durant
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A successful carriage maker during the late 19th century,
William Crapo Durant turned
his business know-how to autos. In 1905, he organized the Buick Motor
Car Company in Flint. Three years later, he consolidated Buick with
several other smaller auto firms and formed the General Motors
Company. He continued buying other companies, including Cadillac and
Chevrolet, with the idea that General Motors could manufacture cars for
everyone's needs or price range. After he was forced to give up
control of General Motors for the second time in his career, Durant created
Durant Motorshis final, but short-lived, automotive empire. |
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I was a machinist and these self-propelled vehicles were by all odds the
most astonishing machines that had ever been offered to men.
Walter P. Chrysler
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Walter P. Chrysler came to Michigan in 1912 to become the works manager for the
Buick Division of General Motors. Four years later, after
modernizing Buick's operation, he became president of that division. He
left General Motors in 1920 after quarrelling with GM president William
Durant. In 1921, he reorganized the Willys-Overland auto
company. Already renowned for his engineering innovations and
organizational skills, Walter Chrysler started the Chrysler Corporation in
1925 by reorganizing the Maxwell Motor Company. In 1928, Chrysler
purchased the Dodge car company in one of the greatest stock deals of the
era and began making Plymouth, DeSoto and Dodge automobiles. |