Henry Ford

Famous Entrepreneur

Background of Henry Ford

  • Born: July 30, 1863 in Michigan
  • Died: April 7, 1947 in Michigan
  • Son: Edsel Ford
  • Wife: Clara Ford
  • Father: William Ford, Farmer
  • Mother: Mary Ford
  • Education: Goldsmith, Bryant & Stratton Business College in Detroit
  • 1879 Left farm to be an apprentice at Michigan Car company
  • 1882 Returned home, operated and serviced portable steam engines used by farmers
  • 1888 Married Clara Bryant
  • 1891 Moved to Detroit for Ford to work at Edison Electric Illumination Company
  • 1896 Completed his first self-propelled vehicle, the Quadricycle
  • He persuaded a group of businessmen to back him for a company that made and sold horseless carriages
  • First and Second Company failed
  • Built and drove race cars
  • These cars were successful and brought people with money
  • June 16, 1903 Ford Motor Company his third company was started
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Background of Ford Motor Company

  • Founded on June 16, 1903
  • Company's first car was Model A
  • 1907 Four-cylinder, $600 Model N became best selling car in the country
  • 1908 Model T car was introduced
  • 1910 Company moved to huge plant in Michigan
  • Wanted to increase production and lower costs
  • 1913 Developed moving assembly lines for automobiles
  • 1914 Ford doubled wages to $5 per day to keep workers
  • 1927 Henry Ford shut down Model T assembly lines and designed a new car, Model A
  • 1932 Introduced V8 engine, lightweight and inexpensive
  • 1936 Ford Motor Company was in third place in US market
  • 1945 Company turned over to Henry II
  • Henry Ford Died in 1947

Ford After Henry Ford

  • 1948 Ford introduced F-series line of trucks
  • 1954 Ford introduced the Thunderbird, and begins crash testing vehicles
  • 1956 Ford became a publicly traded company, and it's initial public offering of common stock shares was the largest in history
  • 1957 The Edsel is introduced
  • 1964 The Ford Mustang went on sale
  • 1980 Henry Ford II is replaced by Phillip Caldwell first non Ford-family member to become chairman and CEO of Ford Motor Company
  • 1981 Ford started selling the fifth-generation Escort world car
  • 1985 Ford introduces the automotive Taurus design
  • 1990 The Ford Explorer is introduced
  • 2004 Ford GT was introduced as its premium sports car
  • 2009 Turbocharged EcoBoost line of Ford engines is introduced
  • 2014 The 13th generation, 2015 F-150 is introduced
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Ford Motor Company

  • It is the second-largest automobile company in the world
  • Ford represents a $164 billion multinational business empire
  • Ford manufacturers automobiles, operates Ford Credit, and owns The Hertz Corporation
  • At the end of 2013 there were 11,772 Ford and Lincoln dealerships worldwide

Henry Ford's Skills

  • Mechanical Skills
  • Leadership Skills
  • Persistent
  • Inquisitive
  • Wanted to be his own boss
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Did you know?

*Henry Ford was fired from his first job.

*Thomas Edison was Henry Ford's role model and later close friend.