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History of Ford Motor Company
Ford Motor Company, one of the world’s
biggest automobile manufacturers traces
its origins to 1896, when Henry Ford, a
young American visionary dreamt of
building an experimental motorcar. He gave
his car a twin cylinder engine with
potential of 20 mph. Encouraged by the
success of his experimental model, he
ventured into auto manufacturing.
Ford Motor Company entered the business
world on June 16, 1903, when Henry Ford
and 11 business associates signed the
company's articles of incorporation. With
$28,000 in cash, the pioneering
industrialists gave birth to what was to
become one of the world's largest
corporations. Few companies are as closely
identified with the history and
development of auto industry and society
throughout the 20th century as Ford Motor
Company.
Mass
Production on the Line
Perhaps Ford Motor Company's single
greatest contribution to automotive
manufacturing was the moving assembly
line. First implemented at the Highland
Park plant (in Michigan, US) in 1913, the
new technique allowed individual workers
to stay in one place and perform the same
task repeatedly on multiple vehicles that
passed by them. The line proved
tremendously efficient, helping the
company far surpass the production levels
of their competitors—and making the
vehicles more affordable.
The First Vehicles
Henry Ford insisted that the company's
future lay in the production of affordable
cars for a mass market. Beginning in 1903,
the company began using the first 19
letters of
the alphabet to name new cars.
In 1908, the Model T was born. 19 years
and 15 million Model T's later, Ford Motor
Company was a giant industrial complex
that spanned the globe. In 1925, Ford
Motor Company acquired the Lincoln Motor
Company, thus branching out into luxury
cars, and in the 1930's, the Mercury
division was created to establish a
division centered on mid-priced cars. Ford
Motor Company was growing.
Becoming a Global Company
The
company soon went public and, on Feb. 24, 1956,
had about 350,000 new stockholders. Henry
Ford II's keen perception of political and
economic trends in the 50's led to the
global expansion of FMC in the 60's, and
the establishment of Ford of Europe in
1967, 20 years ahead of the European
Economic Community's arrival. The company
established its North American Automotive
Operations in 1971, consolidating U.S.,
Canadian, and Mexican operations more than
two decades ahead of the North American
Free Trade Agreement.
Ford Motor Company started the last
century with a single man envisioning
products that would meet the needs of
people in a world on the verge of
high-gear industrialization. Today, Ford
Motor Company is a family of automotive
brands consisting of: Ford, Lincoln,
Mercury, Mazda, Jaguar, Land Rover, Aston
Martin, and Volvo.
The company is beginning its second
century of existence as a global
organization that retains and expands
Henry Ford's dream of developing products
that serve the varying and ever-cha nging
needs of people in the global community.
A Responsible Corporate Citizen
As a responsible global Corporate Citizen,
Ford contributes to social causes in a
variety of ways. Funding Environment
Conservation Drives across the globe and
financing breast cancer research. Ford’s
multi-billion dollar R&D activities are
directed at creating environment friendly
vehicles that will one day enable human
kind to stop depending on fossil fuels,
and thereby cut down environment
pollution.
http://www.ford.com/en/goodWorks/default.htm
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