Henry Ford began on your path of Ford motors in 1903. Since the incorporation with the organization, Ford motors continues to grow to become one with the biggest players inside the automotive industry. In the past 100 plus years, Ford has become successful pushing limits in automotive technology plus introducing cars which have gained the loyalty of a lot of consumers.
FUN FACT!! The very first Ford sold ended up being Dr. Pfennig in 1903, for just a grand total of $850. The “Model A” stood a 2-cylinder engine and may reach a max speed of 30 mph
The popularity factor just isn’t something that is totally new to Ford. In fact, in 1903, the very first Model T was introduced that gained immense popularity. The demand was high the company needed to get innovative having its mass production methods. In 1911, Ford went along the oceans and established a branch in Manchester, England. To meet the improved demand and desire for quick production, Ford Motors changed history from the automotive industry by introducing the 1st moving assembly line on the Highland Park Assembly Plant around 1913. The first assembly line has 140 assemblers who worked along a 150-foot line to put together the parts. By the 1920s, the organization has over 20 overseas assembly plants throughout the world the largest automobile producer in America.
In 2008, once the three big automakers – Ford, General Motors and Chrysler were facing major financial issues, The United States government need to the rescue through providing financial aid through TARP (Troubled Assets Relief Program). Ford was really the only organization which was able to survive the difficult experience and would not file for bankruptcy. Since then the company is steadily advancing and leaving its mark for the industry.
Since the turn in the decade, Ford is investing in manufacturing fuel-efficient models. It continues to be successful for making cars that contain high performance while with the same time being eco-friendly. Today, Ford is amongst the leading sellers for hybrid and electronic cars in America.
As of 2018, Ford has announced that it’ll be phasing out its passenger cars and concentrate on creating electric cars, hybrids, pickups, and SUVs. It is also working towards bringing advanced technology to produce consumers’ driving experiences comfortable and luxurious. Ford is going to be bringing back the favorite Ranger and Bronco starting in 2019, in addition to a Diesel version from the F-150 truck.