Complex sentence: The company was founded in 1850 as Schustala & Company later renamed Nesselsdorfer Wagenbau-Fabriksgesellschaft, a wagon and carriage manufacturer, and in 1897 produced the first motor car in central Europe, and one of the first cars in world, the Präsident automobile.
Split into simpler sentences: The company was founded in 1850 as Schustala & Company, later renamed Nesselsdorfer Wagenbau-Fabriksgesellschaft when it became a wagon and carriage manufacturer. In 1897, Tatra produced the first motor car in central Europe, and one of the first cars in world, the Präsident automobile.