Do you know how a single car changed the entire automobile industry? This is the same company which brought down the price of cars to the ground by introducing moving assembly line and at that time it had become very powerful. If Henry Ford was not there at that time, it would have been impossible for America to rule over the entire country today. And Hitler’s too was his very close friend. At that time everyone was more afraid of Hitler. Henry Ford had a passion for doing something big since childhood but at that time he neither had that much money nor was he that rich and he kept applying for a job wherever he could. Then how did Henry Ford become such a great man, know in details
INTRODUCTION
The story of Ford begins almost 157 years ago when Henry Ford was born in a house named after the warriors of America. He had 6 brothers in his house and he was the eldest among them and his family occupation was farming. Henry Ford had no interest in farming, but he used to go to field to keep his mother’s word and he did not feel like doing anything special during winters too and he was often more interested in repairing tools and cycles. There was an incident when Henry Ford’s father gifted him a watch, he used to try to open, close and make it again and again. He used to do it, then one day he becomes so expert in that work that he becomes like a brother just by opening the watch. He was 12 years old and late at that time an incident happens when he was going by bus for his school trip, then he sees a train with a stream engine, after that only thing used to keep coming to his mind, how does he walk, how does he work, and he started giving him directions, and at that time due to his mother’s illness, his mother died, and after the death of his mother, more pressure of work started coming on his head because he was the elder son of the house and at that time He started feeling alone because he was closer to him than his mother and he decided that he did not want to live such a lonely life, then he left his home and went to Detroit Michigan city 8 km away. The thing was that Detroit was becoming an industry hub because of the stream engine and Henry easily got a job in a stream engine machine. He worked on many different stream engines and learnt to operate them and their barks. So dayarin when in 1889 Henry Ford showed the four gas engines of Nikola Otas he was amazed because despite being young he was very young It used to start quickly where stream engine took 30 minutes to start, the same gas engine used to start immediately due to spire plug. Henry Ford realized that this engine was going to need a revaluation and the problem was that Henry Ford did not know anything about spire plug and electrics. Impressed by this he left that job and applied for a job in Edison Electric Illuminating Company. That company used to provide electricity to Ditroy city through stream engine and Ford had been working earlier, so he kept him on trunk work and in 1893 he became the CHIEF ENGINEER after becoming a vendor. Permote Hawke had become the chief engineer. Henry Ford now had both money and time
history of ford motor company
Henry Ford while doing his work started working on a gasoline car and after working for 3 years he succeeded in making Ford’s QUADI CYCLE in 1896 which was the first ever motor cycle with 2 gears and running at a speed of 32 kmph. He earned money from this and sold it to us for $200 at that time and started working on 2 and 3 QUADI CYCLE with that money and when he had full confidence in his work then Henry resigned from his job in 1889 and started raising funds based on this idea of his, for which many businessmen came in front of him because all the people were affected by Henry’s hard work, there was a distribution of money. Henry started Detroit Automobile. Henry had the idea of Ford that we would design a cheap car for the people and the rest of the share holders that we would design a costly and luxurious car for the Americans. Taking this matter forward, Henry did not do anything and You can do that because his share was only 15%. Then Henry Ford launched his first car whose name was THE DELIVERY WAGON. And to make this car Henry did not have much part. Due to this Henry was forced to become a part of another company. The disadvantage of this was that in 2 years he made 20 cars. Then the investor got disappointed and threw Henry out of the company. Then after some years he opened a company in 1901 with some friends whose name was HENRY FORD COMPANY AND Well, he also could not do any work as per his calculation and in a few years he opened that company and went out. Friends, today that company is known by the name of CADILLADC. Henry did not lose hope after failing several times and decided that now whatever he would do, he will do it on his own and then he opened 3 more of his own companies whose control was in his hand. He launched his first car model with the name of Model A. After that he launched Ford 999 in the field for racing and Henry Ford did the same car model. LABGABH continued working for 5 years, then a year was spent in it, how did the Ford model also get changed, example model A model B and when the model T came, it was very successful in the market and its price was $850 DOLLAR
Advantage OF FORD COMPANY
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- When HENRY FORD launched its model, it created a stir in the market but there was a problem in it that people were not able to afford it, its price was $850 DOLLAR. To solve this problem HENRY FORD used a brain that why don’t we need a skilled man to design an engine and his payment was also very high, because of this HENRY FORD divided an engine into many parts, the use of which was that one man could make one part by staying in one place And to make it, a more skilled person was needed. In the same amount that one person earns, 10 people work and the speed is also less. Because of this, from $850 dollars, the work is getting completed in $350.
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- THE 15TH BIGGEST AUTOMOBILE COMPANY IN THE WORLD
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- FOUNDED BY HENRY FORD AND SHAREHOLDERS ON JUNE 16,1903
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- IN 2008 FORD DROPPED FROM NO.2 TO NO.3FROM THE VEHICLE IN US MARKET
disAdvantage of ford company
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- HIGH PRICE CAR COMPARED TO ANOTHER COMPANY
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- LIMITED WILD WIDE SCOPE OF PRODUCTION TEAM
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- TECHNOLOGY TO BAD COMPARED TO ANOTHER COMPANY
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- MAINTENANCE COST IS VERY HIGH IN MARKET
The Mustang had not only retained its youthful appeal but more importantly it attracted new buyers to Ford. The median age of purchasers was 31, with more than 28% of the buyers younger than 25 years old, compared to age 42 for the median purchaser of the regular Ford car
ford company marketing strategy
THE PLANE OF FORD COMPANY IS
FORD COMPANY WANTS TO EXPAND ITS CAR IN THE WHOLE WORLD
RESTRUCTURING THE BUSINESS TO MAINTAIN PROFITABILITY
PROVIDE THE DEVLOPE OF NEW TOOL
IMPLEMENTATION OF POLICIES ON FINANCIAL BALANCE
IMPROVE THE TEAMWOR
why ford company left in india
This is from 1995 when FORD launched its first car in India with a sedan and did a commercial in the market. On the other side there was competition as its FREE STYLE car model was similar to that of Maruti Suzuki and it was cheaper than the US. And in the place of FORD INDEVER there was FORTUNER which was better in quality than the US and it was not bringing any new features. Due to this its demand in the Indian market decreased and it will leave India and leave India in 2021. you walked away
ford left india in which year
it will leave India in 2021
net worth of ford motars company global
FORD MOTOR COMPENY WET WORTH OF $45.94 BILLION DOLLER AS OF 18,JUNE,2024
stock prise of ford company
CURRENT STOCK PRISE OF FORD MOTORS IS 11.85 USD