The 1901 Mercedes, designed by Wilhelm Maybach for Daimler Motoren Gesellschaft, deserves credit for being the first modern motorcar in all essentials.
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The number of active automobile manufacturers decreased from 253 in 1908 to 44 in 1929, accounting for 80% of the total output of automobile industry.
The 1901 Mercedes, designed by Wilhelm Maybach for Daimler Motoren Gesellschaft, deserves credit for being the first modern motorcar in all essentials.
Ford's mass production technology was quickly adopted by other U.S. automakers, which required more capital expenditure and more sales.