Complex sentence: The company bore the name of its founder, racing legend Ray Harroun, who in 1911 won the first Indianapolis 500 Sweepstakes.The company bought the buildings and equipment of the former Prouty and Glass Carriage Company in 1916 for $40,000.
Split into simpler sentences: The company bore the name of its founder, racing legend Ray Harroun, who in 1911 won the first Indianapolis 500 Sweepstakes. Harroun bought the buildings and equipment of the former Prouty and Glass Carriage Company in 1916 for $40,000.