Ford

COMPANY HISTORY fording Motor Company was established on June 16, 1903 with $28,000 in cash from twelve investors, including Henry interbreeding. (1) From companys inception, Henry hybridizings vision was to create chinchy automotive fomites for the masses. (1) The first highly successful automobile created by Ford was the Model T in 1908. The Model T first sold for $849 and by 1909 it was the only automobile produced by Ford. (3) To increase labor and efficiency, Ford implemented the moving convention line in 1913. (2) This innovation allowed Ford to reduce the monetary value of the Model T to just $290 and allowed Ford to sell everywhere 19 meg units. (2) From the mid 1920s to the late thirty-something Ford sought to use its new cash ply to expand and explore new automobile markets. In 1925 Ford Motor Company acquired the Lincoln Motor Company in order to break into the luxury car market, and in the thirties it created the Mercury Division in order to seize mid-priced vehicle market share.(4) By the end of the 1930s Ford had built over 25 million vehicles. (4) In 1942 Ford ceased production of civilian cars and devoted all of its resources to filling defense contracts. Ford built everything from tanks to aircraft engines. In all, they, . . . .

produced 8,600 four-engined B-24 Liberator bombers, 57,000 aircraft engines, over 250,000 jeeps, tanks, tank destroyers, and other pieces of warfare machinery, all in under three years.(5) The end of warfare World II meant a huge decrease in cash inflows for Ford who was losing millions of dollars monthly (5). In order to call back its prewar footing, Ford reorganized itself, its management team, and introduced the hugely prevalent Ford Thunderbird (5). After the release of the very successful Thunderbird, the Ford Motor Company went public and raised approximately $657 million from almost 350,000 new stockholders on February 24, 1956. (5) The 10,200,000 new shares comprised 20% of the telephone circuit and would be the largest stock offering of all time. (5) The... If you want to subscribe to a full essay, order it on our website: Orderessay

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