Timeline Of Ford Essay
A Timeline of Ford Motor Company
In August 1946, Henry Ford Sr. (1863-1947) and his wife, Clara, sit in the First Ford Car, build in 1896. Model Ts stand ready for Delivery in 1925. The Ford Explorer SUV is waning in popularity.
Ford has been synonymous with the automotive industry, Since the company’s founding in 1903. Mr. Henry Ford, the founder of the company became best known for innovation, transforming cars into commodities for the masses and his company into an American icon.
Here we have some milestones from the company’s history:
June 16, 1903
Article of incorporation for Ford Motor Company in Michigan was signed by Ford & other 11 investors.
Oct 1, 1908:
Model T was introduced in the market by Ford, which later became most …show more content…
Federal investigators ultimately concluded that tire defects were the main cause of the rollovers.
July 11, 2005:
Ford’s new gas-electric hybrid SUV, the Mercury mariner, goes on sale. It costs $4,000 more than the gas-only version & has the endorsement of the Sierra Club.
Nov. 1, 2005:
Bridgestone Firestone North American Tire LLC agrees to pay Ford $240 million to help cover the costs of the tire recalls, which amounted to $2 billion.
Dec. 22, 2005:
The United Auto Workers has been agreed to a deal with Ford in which 99 cents an hour of any future wage increases will go towards a health-care fund. Insurance deductibles will rise by as much as 33 percent, and the costs for current retirees will also go up. The changes will save Ford about $650 million a year.
2005:
Ford loses market share for the 10th year in a row, and also loses its place as America’s best-selling brand to GM’s Chevrolet. Ford sold around 2.9 million vehicles in 2005 for a 17.4 percent market share- down from a market share of 18.3 percent in 2004 and of 24 percent in 1990.
Jan. 23,2006:
Ford announces it will cut up to 30,000 jobs and idle 14 plants by the year
In August 1946, Henry Ford Sr. (1863-1947) and his wife, Clara, sit in the First Ford Car, build in 1896. Model Ts stand ready for Delivery in 1925. The Ford Explorer SUV is waning in popularity.
Ford has been synonymous with the automotive industry, Since the company’s founding in 1903. Mr. Henry Ford, the founder of the company became best known for innovation, transforming cars into commodities for the masses and his company into an American icon.
Here we have some milestones from the company’s history:
June 16, 1903
Article of incorporation for Ford Motor Company in Michigan was signed by Ford & other 11 investors.
Oct 1, 1908:
Model T was introduced in the market by Ford, which later became most …show more content…
Federal investigators ultimately concluded that tire defects were the main cause of the rollovers.
July 11, 2005:
Ford’s new gas-electric hybrid SUV, the Mercury mariner, goes on sale. It costs $4,000 more than the gas-only version & has the endorsement of the Sierra Club.
Nov. 1, 2005:
Bridgestone Firestone North American Tire LLC agrees to pay Ford $240 million to help cover the costs of the tire recalls, which amounted to $2 billion.
Dec. 22, 2005:
The United Auto Workers has been agreed to a deal with Ford in which 99 cents an hour of any future wage increases will go towards a health-care fund. Insurance deductibles will rise by as much as 33 percent, and the costs for current retirees will also go up. The changes will save Ford about $650 million a year.
2005:
Ford loses market share for the 10th year in a row, and also loses its place as America’s best-selling brand to GM’s Chevrolet. Ford sold around 2.9 million vehicles in 2005 for a 17.4 percent market share- down from a market share of 18.3 percent in 2004 and of 24 percent in 1990.
Jan. 23,2006:
Ford announces it will cut up to 30,000 jobs and idle 14 plants by the year