The story
The Clarkmobile Co. was founded in April of 1902 in Lansing Michigan. The car was the brainchild of F. G. Clark who has been working on a prototype for two years. The company was incorporated with a capital of $50,000. The president would be A.C Stebbins, H.E. Thomas as vice president and F.G. Clark as secretary, treasurer and general manager.
In 1905 the Clarkmobile company would reorganize and be titled the New Way Motor Company. The new firm would be capitalized at $100,000 and would now produce air cooled gasoline engines. Stebbins would remain as president Clark would leave the firm to work for another successor company called Deere-Clark.
From Wikipedia’s article on Clarkmobile, shared under CC BY-SA 4.0.3
