Ford Motor Company, which is based in America, is the third largest automaker company in the world, Only Toyota and General Motors are ahead of this automobile manufacturing company. On 16 June 1903, Henry Ford with only $28000 in his hand began the journey of this multinational corporation. With some twelve more investors who helped him build his dream company, he set up the headquarters in Dearborn, Michigan. The most notable ones among the twelve investors were John Francis Dodge and Horace Elgin Dodge. They later found their own company named Dodge Brothers Motor Vehicle Company. Lets have a detailed look at the company's historical background.
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Starting Point
Initially, Ford Motor Company just like many other enterprises had a modest beginning. Henry Ford always wished to produce affordable cars that reached the global market. The production work began with only a few employees who worked day and night on each car. Also, they used to order the components from other companies. The company named the newly manufactured cars with the initial 19 letters of the alphabets. |
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| 'Model T' the first brand took birth in 1908; it was manufactured for almost 19 years and sold 15 million units. In 1925, the Ford Motor Company acquired Lincoln Motor Company. They then ventured into manufacturing of luxury cars and soon in 1930, they changed their focus on mid-priced cars. Till date this company is the largest family-controlled enterprise. Ford Motor Company is one of the few automobile companies in America that survived the Great Depression. |
Celebrates Hundred Years
On June 16 2003, Ford Motor Company celebrated its 100th anniversary. There are only a handful of automobile companies that can be closely identified with the Ford Motor Company History and development of industry and society for many decades. The global automotive brands include Mercury and Lincoln of the US, Jaguar, Volvo of Sweden; Land Rover and Jaguar of UK. Ford also shares one-third controlling power in Mazda.
Major Manufacturing Plants
With numerous plants spread all round the globe, Ford proves to be a great automobile manufacturer. The Ford Motor Company has major manufacturing operations in different countries of the world like Canada, Mexico, Germany, Brazil, the United Kingdom, Argentina, Australia, the People's Republic of China, South Africa, Russia and India. In 1999, Ford Motor Company was ranked as one of the world's most profitable corporations and the second largest automaker in the world. Since 2000, there was some loss in the market share in the US but now it has regained the profitable status. In the 2007 Fortune 500 list that is calculated on the base of global revenues, Ford was placed at the seventh position. It also received a number of quality awards from J.D Power as compared to any other automobile company.
Famous Fordism Policy
Still today, people who want to do well in business, like highly efficient factories, well paid workers and low prices, take some of the important concepts of Henry Ford into consideration. His philosophies are popularly known as Fordism. Today, after a century of hard work and labor, the company has begun its second century journey of existence. Henry Ford's heritage is expanding day by day and it always takes care of the ever-changing needs of people in the global community. As for 2007, there are some popular Ford Motor Company Cars that have been launched in the market like the 2008 Ford Escape, 2008 Ford Taurus, 2008 Ford Focus and 2008 Ford Expedition are just a few to name.
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