Question: What automobile magnate founded two other automobile companies before finding success with his third automobile company?

Answer: The third time is the charm for Henry Ford who founded the Detroit Automobile Company (1899) and then the Henry Ford Company (1901) before finding huge success with his third car company the Ford Motor Company (1903). His second company named the Henry Ford Company was reconfigured after he left and later renamed the Cadillac Automobile Company in 1902, which also reached monumental success.