Ford Motor Company

The Ford Motor Company, founded in 1903 by Henry Ford, was the largest car manufacturer in the world until 1929 when GM passed it. Ford is currently the second largest producer of automobiles in the world p... ... middle of paper ... ...f France to produce compact cars. Then in 1987 Chrysler purchased the Italian company, Nuova Automobili F. Lamborghini, maker of expensive sports cars. Chrysler also purchased the American Motors Corporation, the maker of Jeep products. These purchases increased Chrysler's share of the market from 11% to 16.3% and continuing to rise.

"With fifty-thousand dollars in capitalization, these supporters set up the Henry Ford Company. But Ford could not set his mind to designing and building the low-cost cars in which he claimed he was interested (Taub 18)." By 1903, Ford designed another car, the Model A. This came with a two-cylinderengine developing eight horse power, capable speeds up to thirty miles per hour. H... ... middle of paper ... ...ster.

Though Ford has grown by leaps and bounds, it primarily still remains a family owned company with 40 percent of the voting rights still resting with the Ford family. Ford revolutionized the industry by making the gasoline powered automobile affordable for the middle class in 1913. The economies of scale approach were taken up by the company. The first moving assembly line was introduced in 1913 at its factory at Highland Park. The major breakthrough being the “Ford-T Model”, which sold in millions.

As men returned from war, the new and hot item to own was a car. Ford and GM’s Chevy became the biggest automobile manufacturers. In fact, by 1923, Ford Model T’s accounted for just under 52% of automobiles in the market while Ford held over 62% of the market. The production of Ford automobiles had reached nearly 2 million. In 1924, you could buy a Model T for $290 dollars.

Then he started fixing peoples watches then as he grew older he started making other things like a quadricycle and a gas engine in the late 1890’s. His inventions changed the way that people would travel the ways that wars would be fought and captivated a nation. In my essay I’m going to focus on Ford Motor Company’s Ford Mustangs. Ford Motor Company was started on June 16, 1903 by Henry Ford and some other investors. When Ford Motors first started it was only one of fifteen car manufacturers in Detroit and one of eighty-eight in the United States.

Introduction Toyota is Japan's biggest car company and the second largest in the world after General Motors. It produces an estimated eight million vehicles per year, about a million fewer than the number produced by GM. The company dominates its home market, with about 40% of all new cars registered in 2004 being Toyotas. Toyota also has a large market share in both the United States and Europe. It has significant market shares in several fast-growing South East Asian countries.

Financial Information GM dealers sold 558,092 cars and trucks in June of 2005 up 41% compared to June of 2004. Gm had the best monthly sales since September 1986. The calendar year to date sales are up 2.5% for the 2005 year. Sales were spiked by GMs “Employee discount for everyone.” “We are confident that are employee discount program would hit a responsive cord, but we were a little surprised by just how strong the results were, including bringing over one hundred and fifty thousand new customers into the GM family in June. This definitely moves us in the right direction as we gear to introduce our 2006 models,” says Mark LaNeve, GM vice president of sales and marketing.

In the same year Ford founded the Detroit Automobile Company. Within 3 years Ford had built an improved, more reliable Quadricycle, using a four-cylinder, 36 horsepower-racing engine. In 1901 his car beat what was then the world's fastest automobile in a race before a crowd of eight thousand people in Grosse Pointe, Michigan. The publicity he received for this victory allowed Ford to finance a practical laboratory for refining his auto ideas. In 1903 Ford launched his own car company, The Ford Motor Car Company, and by January 1904 he had sold 658 vehicles.

For the rest of his life he lived his life as he thought his mom wanted him so he wanted to be successful. Henry was amazed at building things, so he wanted to learn more about manufacturing. In 1879 he left the farm to become an apprentice at the Michigan Car Company, a manufacturer of railroad cars in Detroit. Henry Ford was in two companies before making a successful company. The first company he had was first named Cadillac Motor Company then changed into the Ford Motor Company when they went bankrupt once, which was established in August 22, 1902.

In the U.S., as of 2006, the industry included about 21,200 new-car dealerships, 1.07 million manufacturing employees and 1.12 million retail new and used car dealership employees. Total revenues at new-car and light truck dealers exceed $675 billion, according to NADA. The years of 2004 through 2006 will long be remembered as a pivotal period in the automobile industry. It was a period during which high gasoline prices started a sea change among U.S. consumers that is finally creating significant demand for fuel-efficient vehicles. Gasoline prices of approximately $2.00 per gallon started taking a huge bite out of family budgets in 2004, and many middle-class consumers who owned fuel guzzling SUVs and pickup trucks began to wish they had vehicles that were much less expensive to operate.