The History of the Ford Motor Company Essay examples

Like most great enterprises, Fords beginnings were modest. The company had anxious moments in its infancy, balancing precariously on the brink of bankruptcy until cash inflows from sales began. The earliest record of a shipment is July 20, 1903, approximately one month after incorporation, to a Detroit physician. With the companys first sales, came a ray of hope. A worried group of stockholders, skeptically eyeing a bank balance that had dwindled to $223.65, breathed easier, and a young Ford Motor Company had taken its first step. During the next five years, young Henry Ford, as chief engineer and later as president, directed a development and production program which started in a converted wagon shop on Mack Avenue in Detroit and later†¦show more content†¦Forced to choose between closing the doors or fighting a battery of attorneys who already had whipped bigger companies into line, Henry Ford and his partners decided to fight. Eight years later, in 1911, after incredibly complicated court proceedings, Ford Motor Company won the battle which freed it and the entire auto industry from Seldens strait jacket. Despite harassment from Seldens syndicate, the little company kept improving its machines, making its way through the alphabet from its first model, the original Model A, until it reached the Model T in 1908. A considerable improvement over all previous models, this car was an immediate success. Nineteen years and more than 15 million Model Ts later (1927), Ford Motor Company was a giant industrial complex that spanned the globe. Its cars had started an urban revolution. And the Ford assembly line ignited an industrial revolution. Pre-World War II Expansion During those years of hectic expansion, Ford Motor Company: Began producing trucks and tractors (1917); Became wholly owned by Henry Ford and his son, Edsel, who succeeded his father as president in 1919 after a conflict with stockholders over the millions to be spent to build the giant Rouge ma nufacturing complex in Dearborn, Mich.; Bought the Lincoln Motor Company (1922); and, Built the first of 199 Ford Tri-Motor airplanes used by Americas first commercial airlinesShow MoreRelatedFord Motor Company : History1652 Words   |  7 PagesFord Motor Company is a name commonly known throughout the United States. Henry Ford started the Ford Motor Company along with a couple other investors (â€Å"Our History†). Ford has made many changes over the years as well as changed America view on vehicles. Ford Motor Company is a largely iconic part of America and its history. Ford is uniquely American because the history began on American soil, the way the company gives back to its community, and the new jobs for people of the United States. HenryRead MoreThe Decade of New Ideas and Inventions Essay634 Words   |  3 Pagesof America did not have a reliable way to travel by car. In 1903 Henry Ford was the person to solve the problem for the United States of America (â€Å"Ford Motor Company† 1). On June 16, 1903 Henry Ford founded the Ford Motor Company (â€Å"Ford Motor Company† 1). The Ford Motor Company was based out of Detroit, Michigan (â€Å"Ford Motor Company† 1). The company was located in an old wagon factory (â€Å"Ford Motor Company† 1). Ford Motor Company released its first car in 1903 (â€Å"Automobile Design in the 1900s, 1900-1909†Read MoreMarketing Project : Ford Motor Company1489 Words   |  6 PagesThe Ford Motor Company enlivened an assembling transformation with its large scale manufacturing sequential construction systems in the early 1900 s. Ford is one of world s most surely understood car brands, consumer’s top choices were vehicles like the Ford Musta ng, and F-Series tucks. Ford Co. is known as one of the biggest auto organizations on the planet. Company Description Ford works as an auto and portability organization around the world. Ford’s main core business incorporates Ford hasRead MoreThe World s Leading Consumer Company For Automotive Products And Services915 Words   |  4 PagesBACKGROUND Vision Statement â€Å"To become the world s leading Consumer Company for automotive products and services. (Homepage, 2015)† Mission Statement â€Å"One Team. People working together as a lean, global enterprise for automotive leadership, as measured by: †¢ Customer, Employee, Dealer, Investor, Supplier, Union/Council, and Community Satisfaction One Plan. †¢ Aggressively restructure to operate profitably at the current demand and changing model mix; †¢ Accelerate development of new productsRead MoreCase Study of Ford Motor Company1147 Words   |  5 Pagesï » ¿ Tim Randall Ford Motor Company has been recognized as one of the worlds most ethical companies by the Ethisphere Institute, a leading business ethics think tank (Ford Motor Company.com. Home Page. 2012. PP. 1). This 2010 award of excellence highlights a fundamental transformation for a company that in the mid-1970s was immersed in a scandal regarding the safety of its Ford Pinto sub-compact. The issue which led to major lawsuits, inconclusive criminal charges, and a costly recall ofRead MoreFord Motor Company A Good Investment960 Words   |  4 PagesFord Motor Company became incorporated in 1903 with 12 investors and 1000 shares of stock. The company spent most of the cash on hand before the first vehicle was sold. However, before October 1, 1903, Ford Motor Company was showing a profit. In the upcoming years, Ford Motor Company continued to grow by opening a plant in Canada and a sales branch in Paris. In 1956, despite Henry Ford’s wishes, Ford Motor Company went public with the largest IPO (initial public offering) in history at the timeRead MoreCase Study : Ford Motor Company1611 Words   |  7 PagesFord Motor Co. Casey T, Blackburn Business 104 Business Organization Management Dr. Earl Murray Jr. 1 November 2015 Abstract I hope that this meets the intent of this paper and that you learn something new about the management of an organization that I have the most interest in. I wanted to discuss how the lessons that we have covered during this class are used and demonstrated in a large worldwide company such as Ford Motor Co. Ford Motor Co. Ford’s Motor Company History Ford Motor CompanyRead MoreFord Motor Company Case Study1124 Words   |  5 Pages Introduction Ford Motor Company is the fifth biggest automobile manufacturing companies in the world and they offer a wide range of products and services for consumers. Ford Motor Company offers automobile products that are cars, crossovers, SUV’s, trucks, vans, and Lincolns. Ford Motor Company has recently celebrated their 100th anniversary of the moving assembly line invented under Henry Ford. Ford Motor Company has built on its legacy of innovation by expanding advanced manufacturing and groundRead MoreThe Ford Motor Company s Star Child Essay1639 Words   |  7 PagesIn 1903, Henry Ford did not know he was about to revolutionize the automobile world when he opened the Ford Motor Company in the suburb of Dearborn Michigan. After opening Ford Motor Company, Henry Ford saw several ways to improve the auto industry through a series of inventions and visions. In 1903 cars were a luxury item, and only the rich and well-off were able to afford them. Henry Ford had a different vision, he saw the potential that the automobile market held, if, he could create an automobileRead MoreGreen Business Changes The Principles, Policies, And Practices976 Words   |  4 PagesIntroduction Going Green† is considered to be a new trend that some companies are pushing towards. Green business changes the principles, policies, and practices that will help improve the quality of life for customers, employees, and the communities. Companies are starting to find different ways like document handling, recycling, or becoming more energy efficient in order to be sustainable and to avoid any further damage towards the environment. Based on an article by Global Warming Climate