Ford Motor Company Essay -- essays research papers

hybridisation push back CompanyAddress The American pathDearborn, Michigan 48121, USAPublic Company Incorporated July, 1918Employees 383,300 sales $62.17 zillionStock Index New York, Boston, Pacific Midwest, Toronto, Montreal, LondonUntil recently, the traverse Motor Company has been one of the most dynastic of American enterprises, a factor in which has both benefited the company and has brought it to the brink of disaster. Today Ford is the second largest maker of automobiles and trucks in the world, and its operations are well diversified, both operationally and geographically. The company operates the worlds second largest finance company in the world, and is a major(ip) producer of tractors, glass and steel. It is most prominent in the US, but all overly has plants in Canada, Britain and Germany, and facilities in over 100 countries.Henry Ford I, the turn over of Ford Motor Company, was born on a farm skinny Dearborn, Mi in 1869. From boyhood, he had a talent for engi neering, but it was not until 1890 that he commenced his engineering career as an employee of the Detroit Edison Company. Fords superiors at the electric company felt his hobby distracted him from his regular occupation, and in spite of his promotion to chief engineer, he was forced to quit in 1899. suddenly afterwards, with financial backing from private investors, Ford effected the Detroit Automobile Company. 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 petty shed in Detroit, Henry Ford developed two cardinal 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 pretending A. The company produced 1,708 of these models in the first yr of o peration.Henry Ford and his engineers designed some(prenominal) automobiles, each one designated by a letter of the first principle these included the small, four cylinder Model N (which sold for $500), and the to a greater extent luxurious six-cylinder Model K (which sold poorly for $2500). In October 1908, ... ...a 25% piece of ground of Toyo Kogyo in November 1979, when a Ford subsidiary merged with the company). Ford imported Mazda cars and trucks, and in many ways treated Toyo Kogyo as a small car course of study.In 1984, with costs reduced, Ford started to repurchase 30 million shares (about 10% of the companys stock). Its production of cars in Mexico increased and output was stepped up in South Korea. The following year Ford introduced the papal bull, a modern full-size automobile which had taken 5 years to develop at a cost of $3 billion. The Taurus proved highly successful and won several design awards.Sales and profits reached record levels in 1984, and in 1986 Ford s urpassed General Motors in income for the first time since 1924. In addition, Fords market share increased to just under 20%. Ford Motor purchased several companies in the mid 1980s, including the First Nationwide Financial Corporation, the New Holland tractor division of Sperry and 30% of Otosan, the automotive subsidiary of the Turkish Koc Group.The Ford Motors Company was, is, and get out continue to be one of the greatest American enterprises.