Ford Motor Company
Ford Motor Company is an American multinational automobile manufacturer headquartered in Dearborn, Michigan, United States. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobiles and commercial vehicles under the Ford brand, and luxury cars under its Lincoln brand. The company is listed on the New York Stock Exchange and is controlled by the Ford family. They have minority ownership but the majority of the voting power.
Some of the key events about Ford Motor Company
- 1903Founded the Ford Motor Company in Detroit, Michigan
- 1908Introduced the Model T, revolutionizing affordable automobile production
- 1913Implemented the moving assembly line, greatly increasing production efficiency
- 1914Introduced the $5 workday, doubling the average worker's pay
- 1914Implemented a $5 per day wage policy that excluded women and certain minority groups
- 1917Produced the first Ford truck, expanding into the commercial vehicle market
- 1919Acquired and subsequently shut down the Lincoln Motor Company, eliminating competition
- 1927Discontinued the highly successful Model T without an immediate replacement, causing temporary market loss
- 1932Introduced the Ford V8 engine, bringing powerful engines to mass-market vehicles
- 1941Began mass production of B-24 Liberator bombers for World War II effort
- 1941Accused of providing material support to Nazi Germany before and during World War II
- 1956Ford Credit was established, leading to concerns about predatory lending practices
- 1964Launched the iconic Ford Mustang, creating the "pony car" class of American automobiles
- 1970Rushed the release of the Ford Pinto, which had serious safety defects leading to fatal accidents
- 1978Recalled 1.5 million Ford Pintos due to fuel tank design flaws that could cause fires in rear-end collisions
- 1979Introduced the Ford Escort, the company's first front-wheel-drive car in North America
- 1980Faced a class-action lawsuit over transmission problems in its 1976-1979 model cars
- 2000Recalled 13 million Firestone tires used primarily on Ford Explorer SUVs due to tread separation issues
- 2004Unveiled the Ford GT supercar, showcasing the company's advanced engineering capabilities
- 2012Recalled over 1.1 million vehicles due to potential fuel leaks and fire hazards
Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.
Ford Motor Company Latest news
Popular
Pub owners face drunk couple's rage after Christmas party drink refusal
• 164 viewsDog walker makes heartbreaking discovery in snow-covered Manchester field
• 110 viewsMyanmar leads world in deadly landmine toll as conflict gets worse
• 175 viewsRussian military prepares new super-fast missile to target Ukraine's capital
• 149 viewsCourt hears shocking details about Scottish highland shooting spree suspect
• 114 viewsFord plans big UK job cuts as electric car sales hit unexpected roadblock
Ford announces plans to reduce its UK workforce by 800 people while scaling back electric vehicle production in Europe. The car-maker faces dropping sales and changing market conditions for battery-powered cars
Business, Economics • • 371 views
Tesla challenges Biden's new car parts policy as election day nears
Tesla pushes back against White-House plan to limit Chinese tech in American cars. The dispute highlights growing tension between car-makers and government about foreign parts in US vehicles
Business, Politics • November 4 2024 , 04:33 PM • 79 views