Tucker Case

The reason he could make cars for decent prices was that the FMC owned its own steel mill and iron mine, and could make its own parts.

Third, he did not have enough resources to make his cars. He only had 200 tons

“Shelby had a dream about building a AMerican sports car. He wanted to build a sports car to rival limited production cars from Europe. Shelby wanted

“Any customer can have a car painted any colour that he wants so long as it is black.” (Henry Ford). Henry Ford is one of the world’s most renowned leaders for the automobile industry. The son of a farmer, Ford has always been interested in how things worked. He has improved the models of his cars to make manufacturing them faster and more efficient by using assembly lines. He also set a balance between his employees’ wages and hours worked. Ford never stopped innovating and it is shown in his later Models of his car. Ford set standards for future motor companies and set standards for modern day manufacturing.

Machines running, hammers dropping, and drills drilling are the sounds of Henry Ford’s revolutionary assembly line. Henry Ford grew up in the late eighteenth century during the industrial revolution. There were no electric lights, only gas lamps and candles. Horses and trains were the only cost effective way of transportation for the public. When Henry Ford was a child, he saw a steam driven car on the road and was mesmerized. At this point, he knew he longed to become a mechanic that works on cars. At the age of sixteen, Henry Ford got a job as an apprentice machinist in Detroit at the Detroit Dry Dock Company. Three years later he returned to work on the family farm, and became adept at operating the

In 1908 Henry Ford had constructed the Model T; the time it took him to create this automobile was 13 days. Now eager to achieve more, Ford knew that he needed a place to construct these cars. He also knew that to sell mass amounts he would have to sell cheap, and buy parts and supplies even cheaper (Douglas, 25). The construction of the first Ford Motor plant used the world’s only conveyer belt. This was part of the Fords plan to build fast, when he constructed the assembly line cars were pumped out in as fast as 15 minuets, this was down from 19 days. Ford was able to make the automobile a car for everyman, a working man with a family.

The obviously needed time to perfect their invention, it had several details that had to be worked on. Sadly they were not the only ones with this idea, when the engineer took the idea to Kokomo, Indiana where there he helped develop the Haynes machine, which later was proclaimed as the first automobile leaving out the Benton Harbor Baushke brothers.

It begins with the author talking about the first appearance of Henry Ford’s greatness showing how the car industry can be so beneficial and the future for further development in technology. Then, the author talks about the turning point to Henry Ford’s sudden collapse of sells, when the Great Depression started he still wanted to create car products. So, he created a deal with other civilians as “ they were willing to give their labor in exchange for those products’. But no one would accepted his offer,” as it was too troubling for people at that struggle in life. (Curtis)

Since the twentieth century, America has dominated the car industry business. Automobiles have made a major influence in the society and the economy of America ever since. Especially when Henry Ford, founder of Ford Motor Company, developed two of his inventions, Model T and Model A, flourished into a big success around the 1900’s. Nonetheless, the culture we live in today is influenced tremendously by the advanced technology we created, and it grants industries new opportunities that may evolve the automobile business as we know it.

Since the development of the steam engine people had been interested in creating self-powered vehicles, this manifested during the industrial revolution as the train. However, as time went on people became interested in creating a vehicle that wasn’t confined to tracks. The earliest attempts were moderately successful but served little practical purpose. Automobiles first began to truly spread with the invention of the electric motor which created cheaper, more powerful, and safer automobiles. Still the automobile still had numerous problems and were mainly in the hands of the rich. It was the development of the internal combustion engine and the assembly line that was truly able to create a practical vehicle that could be used by all and

Interesting to note is that the only invention he made was a two-cycle internal combustion engine. The automobile today has items that are critical to have. If a major car company were to produce a car powered only by Lenoir’s engine it would never sell because of the essentials.

“The pace of our development and introduction of new and improved vehicles depends on our ability to implement successfully improved technological innovations in design, engineering, and manufacturing, which requires extensive capital investment.” Page 27

In summary, recommendation by the banker to buy back 14 million outstanding shares of Blaine Kitchenware with $ 50 million debt and $209 million cash in hand would result in following financial metric changes:

Henry Ford’s legacy began early whenever he created a self propelled wagon, but his work began to get notoriety in October of 1908 with the introduction of the Model T. This car was the first of its kind, and was fully manufactured by Ford in the United States. Henry’s goal was to produce a car that was affordable to every household income. “The Model T made its debut in 1908 with a purchase price of $825.00. Over ten thousand were sold in its first year, establishing a new record. Four years later the price dropped to $575.00 and sales soared. By 1914, Ford could claim a 48% share of the automobile market.” (Sorenson, "Henry Ford Changes the World, 1908.") The original price was in the average household’s budget, but when the price dropped four years later there was a ten times increase in the amount of Model T’s sold. Another great idol in the worlds eyes began his trek to success one century later, and has innovated his industry such as Ford did. Steve Jobs, “The Father of Apple Inc.”,

America did not alone invent automobile, but America had been the leader in the automobile technology and manufacturing for several decades. During that time, American automobiles shared their technology and know-how with Japanese and German manufacturers. And, American companies did not pay a great attention to what Japanese and German manufacturers have learned from their American counterparts. During 1940s,