Timeline Of Ford Essay
A Timeline of Ford Motor Company
In August 1946, Henry Ford Sr. (1863-1947) and his wife, Clara, sit in the First Ford Car, build in 1896. Model Ts stand ready for Delivery in 1925. The Ford Explorer SUV is waning in popularity.
Ford has been synonymous with the automotive industry, Since the company’s founding in 1903. Mr. Henry Ford, the founder of the company became best known for innovation, transforming cars into commodities for the masses and his company into an American icon.
Here we have some milestones from the company’s history:
June 16, 1903
Article of incorporation for Ford Motor Company in Michigan was signed by Ford & other 11 investors.
Oct 1, 1908:
Model T was introduced in the market by Ford, which later became most …show more content…
famous cars in the world. But its production was ended in May 1927, after total world production of 15,458,781. Oct 7, 1913:
The Highland Park plant in Michigan begins operations as the first moving automobile assembly line in the world.
Jan 5, 1914:
It’s an employment time. As ford hired 3000 jobs at the Model T Plant in Highland Park on the basis of $5 per day for eight-hour work day.
March 1, 1941:
General-purpose jeeps begin to produce for the U.S. military & shifts completely to military production.
Civilian production does not resume until July 1945.
Jan 17, 1956:
It’s a time to sell, as common stock of Ford goes on sale, with 10.2 million shares sold in the first day, which represents 22 percent of the company.
Sept. 7, 1987:
75 percent of Aston Martin Lagonda, Ltd acquired by Ford.
Dec. 31,1988
It was the peak earning time, as Ford was earning $5.3 billion, the highest of any auto company to date.
Dec. 1, 1989
Ford spends $2.5 billion to buy Jaguar Cars.
March 15, 1990
Ford introduces the Explorer sport utility vehicle. Though the Explorer is the Nation’s best-selling SUV model, sales hit a 15-year low in Nov. 2005 & fell 29 present for 2005.
July 1, 1992
50 percent of Mazda Motor Manufacturing bought by Ford & the company name has been changed to Auto Alliance International. June 20, 1993
First dealerships in China was opened by Ford. Its brand sales in China has been increased by 46 percent in 2005, though it still lags behind General Motor Corp. & Germany’s Volkswagen AG in China.
Aug 21,1997
Ford sells the first taxicabs run on natural gas to New York City.
August 2000:
6.5 million tires recalled by Bridgestone/Firestone after 271 rollover deaths in Ford Explorers.
May 2001:
Ford Motor unilaterally recalls 13 million more tires & Bridgestone/Firestone dumps Ford as a customer, saying Ford was using the tire maker as a scapegoat to deflect attention from problems with the Ford Explorer.
Federal investigators ultimately concluded that tire defects were the main cause of the rollovers.
July 11, 2005:
Ford’s new gas-electric hybrid SUV, the Mercury mariner, goes on sale. It costs $4,000 more than the gas-only version & has the endorsement of the Sierra Club.
Nov. 1, 2005:
Bridgestone Firestone North American Tire LLC agrees to pay Ford $240 million to help cover the costs of the tire recalls, which amounted to $2 billion.
Dec. 22, 2005:
The United Auto Workers has been agreed to a deal with Ford in which 99 cents an hour of any future wage increases will go towards a health-care fund. Insurance deductibles will rise by as much as 33 percent, and the costs for current retirees will also go up. The changes will save Ford about $650 million a year.
2005:
Ford loses market share for the 10th year in a row, and also loses its place as America’s best-selling brand to GM’s Chevrolet. Ford sold around 2.9 million vehicles in 2005 for a 17.4 percent market share- down from a market share of 18.3 percent in 2004 and of 24 percent in 1990.
Jan. 23,2006:
Ford announces it will cut up to 30,000 jobs and idle 14 plants by the year
2012.
In August 1946, Henry Ford Sr. (1863-1947) and his wife, Clara, sit in the First Ford Car, build in 1896. Model Ts stand ready for Delivery in 1925. The Ford Explorer SUV is waning in popularity.
Ford has been synonymous with the automotive industry, Since the company’s founding in 1903. Mr. Henry Ford, the founder of the company became best known for innovation, transforming cars into commodities for the masses and his company into an American icon.
Here we have some milestones from the company’s history:
June 16, 1903
Article of incorporation for Ford Motor Company in Michigan was signed by Ford & other 11 investors.
Oct 1, 1908:
Model T was introduced in the market by Ford, which later became most …show more content…
famous cars in the world. But its production was ended in May 1927, after total world production of 15,458,781. Oct 7, 1913:
The Highland Park plant in Michigan begins operations as the first moving automobile assembly line in the world.
Jan 5, 1914:
It’s an employment time. As ford hired 3000 jobs at the Model T Plant in Highland Park on the basis of $5 per day for eight-hour work day.
March 1, 1941:
General-purpose jeeps begin to produce for the U.S. military & shifts completely to military production.
Civilian production does not resume until July 1945.
Jan 17, 1956:
It’s a time to sell, as common stock of Ford goes on sale, with 10.2 million shares sold in the first day, which represents 22 percent of the company.
Sept. 7, 1987:
75 percent of Aston Martin Lagonda, Ltd acquired by Ford.
Dec. 31,1988
It was the peak earning time, as Ford was earning $5.3 billion, the highest of any auto company to date.
Dec. 1, 1989
Ford spends $2.5 billion to buy Jaguar Cars.
March 15, 1990
Ford introduces the Explorer sport utility vehicle. Though the Explorer is the Nation’s best-selling SUV model, sales hit a 15-year low in Nov. 2005 & fell 29 present for 2005.
July 1, 1992
50 percent of Mazda Motor Manufacturing bought by Ford & the company name has been changed to Auto Alliance International. June 20, 1993
First dealerships in China was opened by Ford. Its brand sales in China has been increased by 46 percent in 2005, though it still lags behind General Motor Corp. & Germany’s Volkswagen AG in China.
Aug 21,1997
Ford sells the first taxicabs run on natural gas to New York City.
August 2000:
6.5 million tires recalled by Bridgestone/Firestone after 271 rollover deaths in Ford Explorers.
May 2001:
Ford Motor unilaterally recalls 13 million more tires & Bridgestone/Firestone dumps Ford as a customer, saying Ford was using the tire maker as a scapegoat to deflect attention from problems with the Ford Explorer.
Federal investigators ultimately concluded that tire defects were the main cause of the rollovers.
July 11, 2005:
Ford’s new gas-electric hybrid SUV, the Mercury mariner, goes on sale. It costs $4,000 more than the gas-only version & has the endorsement of the Sierra Club.
Nov. 1, 2005:
Bridgestone Firestone North American Tire LLC agrees to pay Ford $240 million to help cover the costs of the tire recalls, which amounted to $2 billion.
Dec. 22, 2005:
The United Auto Workers has been agreed to a deal with Ford in which 99 cents an hour of any future wage increases will go towards a health-care fund. Insurance deductibles will rise by as much as 33 percent, and the costs for current retirees will also go up. The changes will save Ford about $650 million a year.
2005:
Ford loses market share for the 10th year in a row, and also loses its place as America’s best-selling brand to GM’s Chevrolet. Ford sold around 2.9 million vehicles in 2005 for a 17.4 percent market share- down from a market share of 18.3 percent in 2004 and of 24 percent in 1990.
Jan. 23,2006:
Ford announces it will cut up to 30,000 jobs and idle 14 plants by the year
2012.