In 1879, 16-year-old Henry Ford worked as an apprentice machinist in Detroit. In 1901, while working as an engineer with the Edison Illuminating Co., he developed a self-propelled vehicle - the Quadricycle. He incorporated the Ford Motor Co. in 1903 and sold his first Model T in 1908 for $850. His adoption of the assembly line techique allowed him to produce cars at a lower cost, and in 1915 the Model T price was lowered to $290.