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Ford Motor Company facts

2014-03-26   Views:4

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The Ford Motor Company, usually known as just Ford, is one of the largest and most famous automotive manufacturers in the world. It was founded by Henry Ford on 17 June, 1903 and sold its first car a month later, according to the Henry Ford Museum. F

Ford Motor Company facts

The Ford Motor Company, usually known as just Ford, is one of the largest and most famous automotive manufacturers in the world. It was founded by Henry Ford on 17 June, 1903 and sold its first car a month later, according to the Henry Ford Museum. Ford introduced the first moving assembly line to the automotive industry and its mass production technique helped make cars affordable to average consumers for the first time. Today, the Ford Motor Company is America's second largest automotive company.

Early history

Henry Ford built his first car in a workshop behind his home in 1896. The Ford Motor Company was established in 1903 by Henry Ford and 11 investors. The famous Ford Model T was introduced in 1908 and in 1911 the company opened its first overseas production plant in Manchester. By the 1920s, Ford was the best known car manufacturer in the world with assembly plants established everywhere from Europe to Australia. The one millionth Ford car was produced on 10 December, 1915.

Mass production

The Model T was relatively cheap but Henry Ford wanted to make the car even more affordable. He declared that he was determined to make "motor car[s] for the great multitude," according to History.com. "When I'm through, about everybody will have one," he said. The first moving assembly line for cars was established at Ford's Highland Park plant in Michigan in 1913. History.com describes the introduction of mass production of the Model T as having "ushered in the era of the automobile for everyone."

Wages

In 1914, Ford offered wages of $5 for an 8-hour working day. This was an unprecedented amount, and more than doubled the previous average rate of $2.34 for a 9-hour day. Ford was committed to raising pay and conditions for workers but claimed that "humanitarianism had nothing to do with it.". Improving conditions helped stop a high turnover rate of employees and also helped give Ford's own employees the purchasing power to buy the very cars they had helped build.

Ford today

As of 2013, Ford is listed as the 10th biggest US company overall in the Fortune 500, with revenues of $134.3 billion (£88.8 billion). This makes it the second largest US car manufacturer, behind General Motors. According to Ford's website, the company employs 166,000 people in offices and plants situated all over the world. Ford sells cars under its own brand name and that of Lincoln for luxury vehicles in the US. The Ford Motor Company previously owned brands including Jaguar, Aston Martin and Volvo, but these have all been sold over the past six years.

Ford Motor Company facts

Ford Motor Company facts

Category:HobbiesRelease time:2014-03-26Views:130

The Ford Motor Company, usually known as just Ford, is one of the largest and most famous automotive manufacturers in the world. It was founded by Henry Ford on 17 June, 1903 and sold its first car a month later, according to the Henry Ford Museum. F[More]

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