Increasing Capacity for Electric Vehicles at Ford Motor Company
Increasing Capacity for Electric Vehicles at Ford Motor Company
TABLE OF CONTENTS
History 3-4
Current Operations of Typical Automobile Company 4-5
Historical Development of Automobiles 5
Future of oil 5
Alternative energy options for automobiles 5-6
Recommendation 7
Financial Impact 8-11
Conclusion 11
References 12
Appendix 13-14
HISTORY
In 1899 Henry Ford started his first automobile manufacturing company called the Detroit Automobile Company. The company struggled and in 1901 re-organized as the Henry Ford Company. After a falling out of investors, Ford left the company in 1902. In 1903 the Ford Motor Company was incorporated and received their financial support from 12 investors with Henry Ford and a coal dealer named Alexander Malcomson retaining 51% of the new company. Internal frictions with the investors eventually led to a falling out and Henry Ford purchased Malcomson's shares to gain full control and took over as Ford's president in 1906.
During the first few years, the company built a number of vehicle models from the Model A to Model K and the Model S. The process was slow with groups of skilled workers custom building each car individually. The early vehicles were expensive and Ford had a vision to create a vehicle that was affordable and practical for the average man. Ford soon developed and introduced the Model T which was assembled from made to order interchangeable components ordered from other companies. This allowed Ford to speed up production, fewer assembly labor hours, and most importantly a lower cost to the public.
The next big innovation for the Ford Motor Company came with the implementation of the assemble line concept. An assembly line is a series of workers and machines in a factory by which a succession of identical items is progressively
TABLE OF CONTENTS
History 3-4
Current Operations of Typical Automobile Company 4-5
Historical Development of Automobiles 5
Future of oil 5
Alternative energy options for automobiles 5-6
Recommendation 7
Financial Impact 8-11
Conclusion 11
References 12
Appendix 13-14
HISTORY
In 1899 Henry Ford started his first automobile manufacturing company called the Detroit Automobile Company. The company struggled and in 1901 re-organized as the Henry Ford Company. After a falling out of investors, Ford left the company in 1902. In 1903 the Ford Motor Company was incorporated and received their financial support from 12 investors with Henry Ford and a coal dealer named Alexander Malcomson retaining 51% of the new company. Internal frictions with the investors eventually led to a falling out and Henry Ford purchased Malcomson's shares to gain full control and took over as Ford's president in 1906.
During the first few years, the company built a number of vehicle models from the Model A to Model K and the Model S. The process was slow with groups of skilled workers custom building each car individually. The early vehicles were expensive and Ford had a vision to create a vehicle that was affordable and practical for the average man. Ford soon developed and introduced the Model T which was assembled from made to order interchangeable components ordered from other companies. This allowed Ford to speed up production, fewer assembly labor hours, and most importantly a lower cost to the public.
The next big innovation for the Ford Motor Company came with the implementation of the assemble line concept. An assembly line is a series of workers and machines in a factory by which a succession of identical items is progressively