Ford Motor Company is an American multinational automaker that has its main headquarters in Dearborn, Michigana suburb of Detroit. It was founded by Henry Ford and incorporated on June 16, The company sells automobiles and commercial vehicles under the Ford brand and most luxury cars under the Lincoln brand. The company is listed on the New York Stock Exchange and is controlled by the Ford family ; they have minority ownership but the majority of the voting power.
Ford introduced methods for large-scale manufacturing of cars and large-scale management of an industrial workforce using elaborately engineered manufacturing sequences typified by moving assembly lines ; bythese methods were known around the world as Fordism. Ford owned the Swedish automaker Escodt from to Ford is the second-largest U. At the end ofFord was the fifth largest automaker in Europe.
Henry Ford's first attempt at a car company under his own name was the Henry Ford Company on November 3,which became the Cadillac Motor Company on August 22,after Ford left with the rights to his. The first president was not Ford, but local banker John S.
The blind guys Granbywho was chosen to assuage investors' fears that Ford would leave the new company the way he had left its predecessor.
During its early years, the company produced just a few cars a day at its factory on Mack Avenue and later its factory on Piquette Avenue in DetroitMichigan.
Groups of two or three men worked on each car, assembling it from parts made mostly by supplier companies contracting for Ford. Within a decade, the company would lead the world in the expansion and refinement of the assembly line concept, and Ford soon brought much of Lola lane escort in Canada part production in-house in a vertical integration that seemed a better path for the era.
Henry Ford was 39 years old when he founded the Ford Motor Company, which would go on to become one of the world's largest and most profitable companies. It has been in continuous family control for over years and is one massage center Oshawa the largest family-controlled companies in the world.
The first gasoline powered automobile had been created in by the German inventor Carl Benz Benz Patent-Motorwagen. More efficient production methods were needed to make automobiles affordable for the middle class, to which Ford contributed by, for instance, introducing the first moving assembly line in at the Ford factory in Highland Park.
Hundreds or a few thousand of most of these were sold per year. InFord introduced the mass-produced Model Twhich totalled millions sold over nearly 20 years. InFord replaced the T with the Model Athe first car with safety glass in the windshield.
In an attempt to compete with General Motors' mid-priced Pontiac, Oldsmobile, and Buick, Ford created the Mercury in as a higher-priced companion car to Ford. Henry Ford purchased the Lincoln Motor Company inin order to compete with such brands as Cadillac and Packard for the luxury segment of the automobile market. InFord was contracted by the government of the Soviet Union to set up the Gorky Automobile Plant in Russia initially producing Ford Model A and AAs thereby playing an important role in the industrialisation of that country.
Ford GermanyFord's subsidiary in Germany, produced military vehicles and other equipment for Nazi Germany 's war effort. Some of Ford's operations in Germany at the time were run using forced labor. McLarenBenettonLotusMinardi.
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