Ford Motor Company : An American Multinational Automobile Manufacturer

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The Ford Motor Company is an American multinational automobile maker and is a leader in the automobile industry. It was founded by Henry Ford and incorporated on June 16, 1903. It started out with 12 investors and 1,000 shares, the beginning cash investment was $28,000 and almost all of it was spent by the time they sold their first car on July 23 1903, but by October 1st, 1903 they had a profit of $37,000. Ford was one of the leaders in crash testing research, finding ways to continue on making safer cars. In 1960, Ford Motor Company had the largest initial public offering of common stock shares in history. Henry ford, started out as an engineer for the Edison Illuminating Company in Detroit. In is own free time in his backyard shed he built his first gasoline-powered horseless carriage, called the Quadricycle. In 1903, he founded the Ford Motor Company, and within five years the company was ready to sell the first Model T. Ford made an all american affordable car for the middle class families, and in order to meet the overwhelming demand for the new car, Ford had to create a new mass-production method, and with a large amount of space, and standardized interchangeable parts, and he did in 1913, he made the world’s first moving assembly line for cars. This new way of fast mass production has since been very influential in the industrial world. The first car sold car was the Model T, in the first full year of production, just over 10,000 Model Ts were built and sold.
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