Introduction to Business
Ford Motor Company one of the world’s largest automobile manufactures was founded in June of 1903. The founder Henry Ford was 39 years of age when he founded the company, first calling it Henry Ford Company. The Company started off with $28,000 Dollars derived from 12 investors in a converted factory in Detroit, MI. Ford Motor Company is most known for it‘s innovations in the automobile industry one being the first assembly line introduced in 1913. Others like the first engine with a removable cylinder head in its Model T Vehicle and the first car to have safety glass in the windshield in the Model A vehicle are amongst some of the innovations ford is behind. . In January of 1914 Ford offers $5 per day for eight-hour work days and 15,000 job seekers clamor for 3,000 jobs at the Model T Plant in Highland Park, MI. The previous pay rate was $2.34 per day for nine hours. . In January of 1956 Ford common stock goes on sale, with 10.2 million shares sold in the first day, representing 22 percent of the company. In the 1980s, Ford introduced several highly successful vehicles around the world. During the 1980s, Ford began using the advertising slogan, "Have you driven a Ford, lately?" to introduce new customers to their brand and make their vehicles appear more modern. As one of the largest family-controlled companies in the world, the Ford Motor Company has been in continuous family control for over 100 years The Ford brand provides vehicles on six different continents and also offers financial services. They have well over 100,000 employees with over 2,000 dealerships in the U.S today. Ford operates on a for profit basis manufacturing vehicles all over the world. In 2013 the company grossed nearly $140 billion in revenue, and was also the only company that didn’t file for chapter 8 bankruptcy in 2008 during the U.S economic recession. They offer a competitive line up of Car, Trucks, Suv’s, Crossovers,...
References: Ford Motor Co. (n.d.). Retrieved October 21, 2014, from http://bi.galegroup.com.bakerezproxy.palnet.info/global/companyBest Global brand 2014. (n.d.). Retrieved from http://corporate.ford.com/our-company/sustainabilityA timeline of ford motor company. (2006, January 23). Retrieved from http://www.npr.org/templates/story/story.php?storyId=5168769
Please join StudyMode to read the full document