December 24, 2012
Labor Laws and Unions
Ford Motor Company started as the Detroit Automobile Company and after it failed Henry Ford moved on to reorganize it in 1901. He renamed the company to the Henry Ford Company. Ford then went on to produce only a few cars a day in the company’s factory in Detroit, Michigan. Henry Ford introduced the assembly line manufacturing process between 1908 and 1915 which was innovative for that time period where production rates was faster and rendering costs lower. The T model produced by the Ford Motor Company was in production from 1908 to October 1927. This model was considered to be the first automobile that was an affordable means of transportation for middle class Americans during that time period. Henry Ford quote about the T model “…it will be so low in price that no man making a good salary will be unable to own one — and enjoy with his family the blessing of hours of pleasure in God's great open spaces” (Henry Ford 1922 Chapter IV). Ford Motor Company did survive the Great Depression but it did suffer from it like most companies and businesses during that time period. The Ford Thunderbird was introduced to compete with Chevrolet’s Corvette, it was a sleek, two door V8 engine car. On February 24, 1956 Ford Motor Company went public with 350,000 new stockholders. Ford Motor Company has been the largest family-controlled company in the world and for over 100 years the Ford Motor Company has been in continuous family control. Ford’s core and associated automobile brands include Aston Martin, Ford, Jaguar, Land Rover, Lincoln, Mazda, Volvo, and Mercury. Ford Motor Company will face legal issues in the wake of the economic downturn to the present day. Unions will not be willing to stand by while ford closes down plants to become profitable again and this is an issue for both parties. As of fall 2011 the UAW (united auto workers) has threatened Ford Motor Company with...