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
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
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
Ford Motor Company
Ford Assembly Line
Ford Motor Company Headquarters
Henry Ford's Skills
- Mechanical Skills
- Leadership Skills
- Persistent
- Inquisitive
- Wanted to be his own boss