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DEARBORN - On July 15, 1903, the then fledgling Ford Motor Company made its first vehicle sale to Dr. E. Pfenning, a physician from Chicago, Illinois. Dr. Pfenning’s Model A was shipped to him two weeks later.
The sale came as a relief to stockholders. They were worried because the company’s bank balance had dwindled down to a mere $223.
The first stockholders of the Ford Motor Company were: a coal dealer, the coal dealer’s bookkeeper, a banker who trusted the coal dealer, two brothers who owned the machine shop that made the engines, a carpenter, two lawyers, a clerk, the owner of a notions store and a man who made windmills and air rifles.
The Model A was described at the time as “the most perfect machine on the market” and “so simple that a boy of 15 can run it.” It had a two-cylinder engine that produced eight horsepower and could reach 30 miles per hour – but only on smooth roads, where were very rare at the time.
Since the first Model As sold in 1903, Ford Motor Company has gone on to produce over 300 million vehicles.