Founded by Henry Ford in Dearborn in 1903, but this was his third venture into automobiles after his second attempt (Henry Ford Company 1901-02) ended in a dispute with his backers and left Henry to try again; The Henry Ford Company was renamed 'Cadillac' and prospered in its own right. The new Ford Motor Company was a success, and a variety of models were produced until the introduction of the Model T in 1908. Initially the Model T was assembled from bought in components, but it built bigger and bigger factories as sales of the Model T increased and in 1913 opened the worlds first moving assembly line in 1913. By 1920 one million Fords were being made each year, and the Model T went on to sell 15million before production ended in 1927. By 1927 Ford had plants in 10 countries. Ford acquired the Lincoln Motor Company in 1922 and thus added a luxury brand to its portfolio, and the mid-range brand of 'Mercury' was established in 1938. Less successful was the attempt to create a premium brand under the 'Edsel' name in 1958.