In 1908 he designed the Model T. Almost 17 million cars were produced worldwide before the model was discontinued and a new design, the Model A was created to meet growing competition. The Ford Company had been highly publicized for paying wages considerably above the average. The Ford Company began in 1914 the year Henry created a sensation by announcing that in future his workers would receive $5 for an 8-hr day a profit sharing plan that would distribute up to $30 million annually among his employees. In 1915, in an effort to end World War I, he headed a privately sponsored peace expedition to Europe that failed dismally. After the American entry into the war he was a leading producer of ambulances, airplanes, munitions, tanks, and submarine chasers.
HISTORY Over a century ago, Sebastian Spering Kresge opened a small store in Detroit, Michigan and tainted the entire setting of retailing. He built this store not intending that his store would develop into an empire of more than twenty one hundred stores and an Internet presence that reaches millions of customers everyday. The S.S. Kresge Company founded in 1899, opened its first Kmart discount store in 1962. By the next year, Kmart had opened 53 stores, on the verge of being the number one retailer. In the 1970s, Kresge began opening smaller 40,000 square foot stores in smaller towns and switched from brand name to private label goods manufactured internationally at low cost.
In 1926, a fully loaded 2 ton truck was driven from New York to San Francisco in five days. Theodore Alfred Peterman was the founder of Peterbilt Motors Company in 1937. Theodore had a problem. He couldn’t get logs from the forest to the lumber mill quickly or efficiently. The first truck Peterman and his employees helped rebuild was an old army truck.
For a few years, Ford and his technicians began building their next and most important car in history. In 1908, Ford brought out for the first time the Model T. It was an ugly car, seven feet high w... ... middle of paper ... ... narrowly defeated. In 1936 he and his son Edsel established the Ford Foundation, to which they bequeathed much of the company's stock. Henry Ford became a victim of his own success in that he clung to the Model T too long, refusing to recognize that its popularity was fading, and consequently lost first place in the automobile industry to General Motors in 1926. He had turned the presidency of the Ford Motor Company over to Edsel in 1919 but never gave Edsel effective authority.
Chrysler greatly expanded in 1928, when it acquired the Fargo Truck Company and the Dodge Brothers Company and began selling vehicles under those brands: that same year, it also established the Plymouth and Desoto automobile brands. Chrysler was sold to an American private firm Management and renamed Chrysler, LLC, in 2007. Like the other Big Three Automobile manufactures, Chrysler was hit hard by the automotive industry crisis of 2008-2010, and along with General Motors, received billions of dollars in loans from the United States government in late 2008 and early 2009 to prevent both companies from shutting down. Chrysler Walter Chrysler production facility produces V-8 engines and finished automobiles. Chrysler current production vehicles are the V-6 power 300 and V8 powered 300s.
Japan is the epitome of car manufacturers. Japan had a big ditch to dig themselves out of. First of all to enter into any kind of production they had to get permission from the General Headquarters of the Allied Powers of G.H.Q. This entity regulated trade of the Japanese until 1955. They allowed for as many as thirty manufacturers to enter the production of trucks in 1945, and in 1947 as the ambitions of the industry increased they allowed manufacture of small passenger cars (although limited to only 300 cars per year).
During its first few years of operation, GM also acquired a number of parts and accessories manufacturers, such as Champion Ignition Company (predecessor of AC Spark Plug) and Fisher Body Company, and also attempted to purchase Ford Motor Co. but were refused a $9.5 million loan from their bankers (GM.com Corporate History). In 1911, however, as a result of the outstanding debts that the company had acquired, bankers stepped in and rem... ... middle of paper ... ...anadian Cities” The Planning and Development Network [online] Available from: http://www.planetizen.com/node/132 [cited 7 May 2007] GM.com, 2007. Annual Report 2006 [online] http://www.gm.com/company/investor_information/docs/fin_data/gm06ar/index.html [cited 7 May 2007] GM.com, 2007. Corporate History [online] http://www.gm.com/company/corp_info/history/ [cited 7 May 2007] Wikipedia, n.d.. Automobile [online] Available from: http://en.wikipedia.org/wiki/Automobile [cited 7 May 2007] Wikipedia, n.d.. General Motors [online] Available from: http://en.wikipedia.org/wiki/General_Motors_Corporation [cited 7 May 2007] Vassallo, J., Fagan, F., 2005.
The General Motors Company was founded by William Durant on September 16, 1908. Initially, “Durant was a leading manufacturer of horse-drawn vehicles in Flint, Michigan before making the transition into the automobile industry”(GM). At its inception, “GM held only the Buick Motor Company, but within just a few short years they would acquire more than 20 companies including Oldsmobile, Cadillac, and Oakland, today known as Pontiac”(GM). In doing so, General Motors became an automotive manufacturing powerhouse. As demand for automobiles grew to unexpected heights in the 1920s, General Motors set the pace of production, design, and marketing innovation for others to follow.
In a two-year effort costing over 400 million dollars Ford completely gutted truck factories in Norfolk, VA and Kansas City, MO. The effort was aimed at redesigning around the concept of flexible manufacturing. This concept allows factories to respond to customer demand and switch manufacturing platforms in record time and to build different platforms in several factories using the same assembly system. The end-state is a reduction in months of factory downtime and millions of dollars in savings. Monetary savings and increased sales of the Ford F-150 is what will return ford to the black.
Unfortunately, in 1985 Steve Jobs left the company after the unsuccessful Apple 3 and sold his 6.5 million shares of Apple. After the departure of Apple, Steve Jobs founded a company called Pixar and Next Inc, which is a company that manufactured computers designed for higher education market. In December 1996, Apple bought Next Inc for $400 million dollars. After Apple buying Next Inc Apple was generating big losses due to competing companies using the Intel chips and Microsoft software. Just after eight months after Apple bought Steve Jobs company Next Inc Apple appointed him as interim CEO and permanent CEO by January 2000.