Cadillac

Cadillac is a brand of luxury automobile, part of the General Motors corporation, produced and mostly sold in the United States; outside of North America, they have been less successful. In the United States, the name became a synonym for "high quality", used in such phrases as "the Cadillac of clocks." This is less prevalent, though still known, in other English-speaking countries (who are more likely to use Rolls-Royce in such phrases).

History

Founding

Cadillac was formed from the Henry Ford Company upon Henry Ford's departure along with several partners. With the intent of liquidating the firm's assets, Ford's financial backers, William Murphy and Lemuel Bowen called in engineer Henry M. Leland to appraise the plant and equipment prior to selling them. Instead, Leland persuaded them to continue in the automobile business. Henry Ford's departure required a new name, and on August 22, 1902, the company reformed as the Cadillac Automobile Company.