What is the history of Ford?
1 Answers
The history of Ford dates back to the early 20th century. Here are the detailed highlights: 1. 1908: The Ford Motor Company began producing the Ford Model T. The earliest Model Ts were assembled at the Piquette Avenue Plant, and later production was moved to the larger Highland Park Plant to meet the growing demand for the Model T. By 1913, the company had developed a comprehensive assembly line and mass production techniques. 2. 1913: By the end of 1913, 50% of all cars in the U.S. were produced by Ford. However, by the end of 1918, half of all cars in the U.S. were Model Ts. At that time, most Model Ts were uniformly black, with virtually no other color options available. 3. 1925: Ford acquired the Lincoln Motor Company, thereby entering the luxury car market. In 1935, Mercury was established under the proposal of Edsel Ford, primarily producing mid-priced cars. 4. 1998: Ford Motor Company set a world record with annual profits exceeding $22 billion. This record was surpassed in 2004 by ExxonMobil with a net profit of $25.3 billion due to a significant rise in oil prices. 5. 2003: Ford celebrated its 100th anniversary, with its current chairman being William Clay Ford Jr. (also known as Bill Ford), the great-grandson of Henry Ford. 6. 2007: In the J.D. Power U.S. Initial Quality Study, Ford was the automaker with the most awards, with five models ranking first in their class and fourteen models in the top three.
