References: Ford. (n.d.). Ford Otosan. Retrieved from http://www.fordotosan.com.tr/en/visionmission.htm
References: Ford. (n.d.). Ford Otosan. Retrieved from http://www.fordotosan.com.tr/en/visionmission.htm
1. Ford developed a new model, later to be known as the pinto, changing the design drastically.…
The Ford Motor Company contended that by strictly following the typical approach to cost-benefit analysis, they were justified in not making the production change to the Pinto model. Assuming the numbers employed in their analysis were correct, Ford seemed to be justified. The estimated cost for the production change was $11 per vehicle. This $11 per unit cost applied to 11 million cars and 1.5 million trucks results in an overall cost of $137 million.…
The Ford Motor Company is an American multinational automaker that was incorporated on June 16, 1903 by Henry Ford. In today’s world Ford is the second largest automaker in the U.S. and the fifth-largest in the world based on annual vehicle sales in 2010. Henry Ford became famous for his methods of large scale manufacturing, management and the use of the assembly lines in his factories. Another very important event in the history of Ford Motor Company, and also a very important case in legal terms, was Dodge v. Ford Motor Company, 170 N.W. 668, Michigan Supreme Court 1919. This case was very important to the legal system because it reinforced the idea that corporations are accountable to making a profit for the stockholders.…
Albert Dunlap was known for turning around badly shaped companies into profitable companies. Through his radical restructuring and downsizing methods, he created shareholder value. At Scott Paper, Dunlap fired 35% of all the employees and 71% of the corporate staff raising the stock price from $38.00 to $120.00 and sold the company to Kimberly Clark for more than $6B. Due to his past success, Al Dunlap was hired to turn around Sunbeam. Sunbeam had a long period of management and financial instability. In other words, Sunbeam needed a “savior.” Many believed this was Al Dunlap. Unfortunately, through his tenure at Sunbeam, stock price fell from a high $53.00 to $16.00 on the day that he was fired. Were his “rightsizing” techniques not adequate? or was he just an overpaid CEO?…
* Ford Pinto: it had defects and automobile products that contributed to accidents and fatalities despite greater attention to safety features.…
In this essay, I will talk about the ford Pinto case, and how the information was withheld from public in order to save company from huge losses and at the same time keep company’s reputation intact. I don’t think the decision of the ford company to with hold the information about the safety-issue of the car for which they were already aware of; was the right thing to do.…
Today, Fords are all over the road, big and small, gas and deisel, of every generations from the past 5 or so generations. Seeing these old Ford pickups on the road proves that no matter the amount of hatred towards Ford from some people, they are very reliable. Not only that, but they come in a very wide variety to fit the customer’s needs and/or wants. Thanks to just a spark of creativity and “outside of the box” thinking, Henry Ford made all this possible since 1903 and for the years to…
Ford Pinto is the worst car ever made and it was discontinued in 1980. The car was available as in three models, hatch, wagon, and coupe, whose design was not appealing. However, the main problem was the fuel system that was faulty and Ford had ignored designs to fix it. The poor design led to ignition and explosions of the fuel tank after minor rear or front collisions. The fuel tank was placed behind the…
Henry Ford used the assembly line and incorporated his own ideas to revolutionize the auto industry and make cars a reality for the average American. “That efficiency of mass production enabled him to reduce the cost of the Model T Touring car from $950 in 1908 to just $290 in 1925 while increasing production during that time from just more than 10,000 to nearly 2 million cars per year”. (1) This obviously changed America as the average person was able to afford an automobile, but also began a dangerous standard in the auto industry of cost cutting and finding the cheapest way possible to manufacture their products. Finding the cheapest or most inexpensive way to produce their products has not only caused the auto industry, but…
In the 1970’s Ford Motor Company was faced with a questionable decision regarding the production and introduction of the Ford Pinto (Encyclopedia of Science, Technology, and Ethics, 2006). The introduction of the Ford Pinto was Ford’s attempt at producing a stylish and affordable subcompact vehicle that possessed lower operating costs (Encyclopedia of Science, Technology, and Ethics, 2006). The Pinto was rushed into production at a faster rate so the Ford Motor Company could remain in the lucrative subcompact car competition with strong competition coming from Volkswagen ("The Ford Pinto", 1982). While producing the Pinto, Ford’s upper management made a questionable decision regarding the positioning and protection of the fuel tank (Encyclopedia of Science, Technology, and Ethics, 2006). Alternatives for a safer fuel tank with more protection and a safer location were available to Ford’s top-level managers at the time; however customer affordability (and style) took precedence over the consumer’s safety (Encyclopedia of Science, Technology, and Ethics, 2006). Ford Motor Company restricted their engineers throughout the production of the Pinto some of the restrictions included mandating the cost of the Pinto be $2000.00 and the weight of the Pinto be no more than 2000 pounds (Encyclopedia of Science, Technology, and Ethics, 2006). The restrictions were met and Ford Motor Company discovered the defect regarding the fuel tank and fuel system while conducting the pre-production crash tests; these tests revealed that rear-end collisions, even at low rates of speed, would rupture the fuel system leading to exploding gas tanks ("The Ford Pinto", 1982). The machines on the assembly line had already been tooled for production when the defect was discovered and Ford officials made the decision of continuing production Pinto as it was ("The Ford Pinto", 1982). At the time, Ford had half a…
This paper will go into detail about the young life, career and adult life of Henry Ford. Henry ford’s young life, in this paper will consist of his childhood. The paper will then describe all of his education and early jobs. Finally, this paper will conclude with Henry Ford’s adult life and home life (what he did when he wasn’t working), his career’s work and the impact Henry had on American History. This paper should help the reader better understand the life of Henry Ford: Who he was? Who he is? And why he was so vital to our American History.…
Although Mr. Ford has legendary status in our society, it is interesting to know what he did, and just as interesting to know what he did not do. He did not invent the gasoline engine. He did not invent the automobile, and he did not build the first fully operational automobile. What he did do took far more genius. He recognized the potential of the automobile as the future mode of transportation, replacing of course the horse and carriage, and he also envisioned the mass production of this “horseless carriage” as a means to put it within economic reach of the average worker. In short, Henry Ford put the world on…
When the modern car was invented in Britain, the government enacted the Red Flag Act that required three people at all times to operate the vehicle: a driver, a person to fuel up the vehicle, and someone to stand in front of the car and wave a red flag. The government was worried that cars would endanger civilians, and enacted a two mph limit in urban areas. Soon after, the commercialization of vehicles shifted to the United States, and Henry Ford would initiate Ford, the car company, in 1903. Without having to be concerned with regulations similar to the Red Flag Act, Henry was able to create vehicles that traveled up to forty-five mph. This more efficient method of traveling would later on prove to be disruptive for the horse and buggy industry, causing the number of horse to decline tremendously over the course of forty years. Nonetheless, the invention of the horse-less carriage was an easy target that acquired multiple technological problems in the process of development. Even more true, past supporters of the Red Flag Act had a reason to worry because cars were dangerous, and in today's times, they are the leading cause of accidental deaths. However, despite such worries, Ford did not have to be rules of the horse and buggy business trying to stifle the emergence of…
Ford was primarily motivated by profit and market share, evidenced by their decision to not recall the car and choice to pay lawsuits instead of fixing the gas tank issue. Ford completely disregarded their responsibility to produce a safe product by foregoing the universal safety standards in order to increase profit – this action is not intrinsically valuable as it acts for the good of the company. If this maxim of foregoing car safety in order to increase profit was applied universally, there would be obvious contradiction from the employees of Ford who drove a pinto and would not agree to this rule. This contradiction implies that the maxim to forego safety standards in the interest of profit is not morally valid, and Ford using this maxim to make the decision to not recall the cars is morally…
In 1961, the vice president and general manager of Ford, Lee Iacocca had a dream. He envisioned the Ford Mustang. It took several months to get approval for funding to go towards the Mustang through multiple discussions, meetings and market surveys. The funding was granted in 1962. The Mustang’s parts were mainly borrowed from the Falcon to help keep the costs of production low. The car offered a variety of options for the exterior, interior, etc. Buyers were able to choose if they wanted their mustang to be fast, fancy, economical or plain. Ford wanted the Mustang’s design to appeal to everyone and anyone. It was advertised as “the car to be designed by you”.…