During the next seven years he had various backers, some of whom formed the Detroit Automobile Company in 1899, which was later named as The Henry Ford Company. But all eventually left him in exasperation, because they all wanted a passenger car to introduce in the market, while Ford insisted always on improvement of model, saying, ‘it was not ready for customers’. During these years, he also built several racing cars, including the ‘999’ racer driven by Barney Oldfield, which set several new speed records. In 1902, he left The Henry Ford Company, which later on was re-organized as The Cadillac Motor Car Company. After a year, he incorporated ‘The Ford Motor Company’, at that time with a mere $ 28,000 in cash put up by ordinary citizens, for Ford had, in his previous dealings with backers, antagonized the wealthiest men in Detroit. Ford was not a licensed manufacturer. He had been denied a license by the ‘Association of Licensed Automobile Manufacturers’, which threatened him to put him out of business. Ford fought back by the gathering the evidence and the court hearings took six years. He lost the original case in 1909, which he appealed and won in 1911. His victory had wide implications for the automobile industry, and the long fight made him an ‘American Hero.