Cadillac was formed from the remnants of the Henry Ford Company when Henry Ford departed along with several of his key partners and the company was dissolved. With the intent of liquidating the firm's assets, Ford's financial backers William Murphy and Lemuel Bowen called in engineer Henry M. Leland of Leland & Faulconer Manufacturing Company to appraise the plant and equipment before selling them. Instead, Leland persuaded them to continue the automobile business using Leland's proven single-cylinder engine. The company needed a new name after Henry Ford left.
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