Henry Ford

But Ford was motivated to create an efficient and consumer friendly automobile. These innovations resulted in the Ford Model T. The Model T was a great liftoff for Ford and his company, and as a result, he practiced techniques of mass production the would change American Industry, including using large production plants. The mass production technique made it easier for people to assemble cars and the rate of producing these cars were much quicker. It was also a cheaper way to produce automobiles, and in 1914, Ford was able to raise the daily wage to 5 dollars. Production skyrocketed for the Model T and by 1918, half of America had purchased these inexpensive and readily available cars.

It was located on Mack Avenue in Michigan, and this is where he had successfully created the first Model-T. The success of the company came from the people that wanted his type of car. So in 1908 he created a new way to create his cars to keep up with the demand for the car. His business was so successful that he had a plant in Paris, France in 1908. And by 1914 there were more than 500,000 Model-T’s on the roads all over the world.

Ford introduced assembly line production, which led to more number of cars being produced. It also expanded in a huge scale and became one of the most profitable companies of the world. The key to success was a strategy known as Vertical Integration. Ford eliminated the bottlenecks created by the inconsistency of the suppliers by introducing in-house production. 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.

People did not have that much time to waste (Automobile Industry). The nineteen twenties were a time of cheer and celebration (Roaring 1920’s). We had just come out of a war so we needed something enjoyable (Roaring 1920’s). When Henry came out with the Model T everyone wanted one because it made traveling so much easier and faster. At first the car was $825 in eight years that price dropped to $360, which made sales go up tenfold be... ... middle of paper ... ...le was 14 miles per gallon (UofM News Service).

GM employs 321,000 individuals world wide. GM has Manufacturing operations in 32 countries and sells vehicles in 200 countries. In 2004 GM sold nearly 9 million vehicles globally. GM was up nearly 4% and posted its second highest total in company history. Incentives are ran by a company to try and entice a customer to purchase a vehicle.

In 1924, you could buy a Model T for $290 dollars. Nowadays, that is probably a monthly payment. Yet some cars were very expensive, with a Rolls Royce costing 15-17,000. Yet, automobiles were not the rage throughout the world. The automobile was just another sign of American youth, vibrancy, and prosperity.

Monetary savings and increased sales of the Ford F-150 is what will return ford to the black. Flexible manufacturing will be responsible for two billion dollars in savings over a ten-year period by reducing operating costs by 15% and reduci... ... middle of paper ... ...Moraine, Ohio and Oklahoma City, Oklahoma. Flexible manufacturing has the ability to put Ford back in the forefront of assembly line technology. Henry Ford would be proud of the vision his family has embarked upon. The automotive industry may be based on the fickle nature of the consumer but there is clearly a way to eliminate the waste factor by streamlining manufacturing plants.

In 1907 he purchased the stock of most of his associates. The Ford family remained in control of the company. By cutting the costs of production, and soon adapting to the new conveyor belt and assembly line for automobile production, and by featuring an inexpensive, standardized car, Henry Ford was soon able to lead sales for all his competitors and become the largest automobile producer in the world. Henry soon came to be regarded as the “apostle of mass production”. 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.

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.

He later withdrew from the venture after a disagreement with business associates over numbers and prices of cars to be produced. Working independently in a small shed in Detroit, Henry Ford developed two four cylinder, 80-horsepower race cars called the “999” and the “Arrow”, with $28,000 of capital raised from friends and neighbors. Henry Ford established a new shop on June 16, 1903. In this facility the Ford Motor Company began production of a two cylinder, eight-horsepower design called the Model A. The company produced 1,708 of these models in the first year of operation.