The Ford Motor Company Success Essay - 1305 Words

On June 16, 1903, in the town of Dearborn Michigan, the Ford Motor Company was founded by Henry Ford. Five years after Henry Ford founded Ford Motor Company he introduced the world-famous Model T. The Model T had huge success, and the demand was in no short supply. The Model T was the first automobile that gave the consumers what they wanted, at a price they could afford. In 1908 the building time was over twelve hours per model T produced. Twelve hours was not practical, so Henry Ford created the moving assembly line, and as a result, the Model T took less than three hours to complete. The revolutionary assembly line took Ford Motor Company success to new heights. By 1914 Ford was producing more than three hundred thousand cars, which was more than all the other auto manufacturers combined at the time. As success continued to grow for the company Henry Ford was able to buy out a number of smaller investors and created the company in Delaware, where Ford was able to build one of the most well-known industrial complexes in the world, River Rouge. At the end River Rouge construction, the facility had the ability have iron ore brought in at one end and roll out completed automobiles at the other end of the facility (Forbes). The success of the Ford Motor Company was kept in the family, because for almost thirty-seven years Ford Motor Company was held strictly by members of the Ford family, and Ford influenced programs and foundations. It wasn’t until 1956 when Ford stock wasShow MoreRelatedCompetition Between Ford And General Motors1477 Words   |  6 Pages03/29/2015 Competition between Ford and General Motors has drove them to their Success The Ford Motor Company and General Motors have a greatly influenced and shaped the global automobile industry in the 20th Century. 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When it comes to investing in Ford Motor Company, I will have to make a decision on whether the investment strategy and the associated risks will be a good fit for me and my company. Most businessesRead MoreThe Ford Motor Company Changed The Auto World1721 Words   |  7 Pagesif the success of the job requires it.† This is a quote from the famous innovator Henry Ford. Throughout the history of mankind, many individuals changed the world that we see today. One man helped shape the modern world that we live in today. That man’s name is Henry Ford. The Ford Motor Company has been in business for 109 years, and throughout that time, Ford changed the automotive industry forever. Ford introduced the Model T, and that was just the beginning of how the Ford Motor Company changed