Cadillac, formally the Cadillac Motor Car Division, is a division of U.S.-based General Motors Company that markets luxury vehicles worldwide. Cadillac's primary markets are the United States, Canada, and China, but Cadillac-branded vehicles are distributed in 34 additional markets worldwide. Historically, Cadillac automobiles have always been the luxury icon within the United States of America. In 2012, Cadillac's U.S. sales were 149,782 vehicles. Cadillac is currently the second oldest American automobile brand following fellow GM marque Buick and is among the oldest automobile brands in the world. Cadillac was founded from the remnants of the Henry Ford Company in 1902, almost 9 years before Chevrolet was founded. The company was named after Antoine Laumet de La Mothe, sieur de Cadillac, who founded Detroit, Michigan. The Cadillac crest is based on his coat of arms. General Motors purchased the company in 1909. Cadillac had laid the foundation for the modern mass production of automobiles by demonstrating the complete interchangeability of its precision parts while simultaneously establishing itself as one of America's premier luxury cars.