On August 22, 1902, the Cadillac Motor Company was founded. Thus, we’re wishing General Motors luxury division a belated birthday.
Cadillac’s roots can actually be traced back to Henry Ford. After Mr. Ford left the Henry Ford Company in 1902 after just one year, his remaining assets created the Cadillac Motor Company. Of course, Mr. Ford went on to found Ford Motor Company in 1903 and the rest is history.
The first Cadillac, a Model A, went on the market in 1903 and commanded a whopping $850 at the time, roughly $23,000 after calculating for inflation. The Model A featured a single-cylinder 98 cubic inch engine with a 10 horsepower output. With the engine, Cadillac quickly became known for power and build quality, a harbinger for its luxurious aspirations throughout the 20th century.
Cadillac remained independent until 1909 when General Motors purchased the company for $4.5 million worth of stock.
Today, Cadillac continues to attempt a rebirth after years of false starts. But there’s no denying the brand has given the automotive world some of the most iconic vehicles ever mass produced.