Question

Henry Ford and His Business Tutorial

Answer 1

\(\large\color{green}{Henry~Ford}\)
Henry Ford was born in a family of immigrants from Ireland, who lived on a farm near Detroit. When he was 16, he went to work in Detroit. His father was William Ford (1826-1905), his mother was Mary Ford (1839-1876).Henry had three brothers and two sisters: John Ford (1865-1927), William Ford (1871-1917), Robert Ford (1873-1934) and sisters Margaret Ford (1867-1868) and Jain Ford (1868-1945). He was interested in science and engineering, so in the years 1891-1899 he served as a mechanical engineer and later chief engineer in the Edison Illuminating Company. In 1893, in his spare time, he designed his first car. From 1899 to 1902 Henry was co-owner of "Detroit auto companies," but because of disagreements with the other owners of the company went out of it, and in 1903 founded the Ford Motor Company, which originally produced cars with firm Ford A. The greatest success came to the firm after the start of production of the model Ford T in 1908. In 1910, Ford built and launched the most modern factory in the automotive industry "Highland Park". In April 1913 there began the first experiment on the use of the assembly line. The first assembly unit, made on assembly line, was the generator. After some time, there was made on assembly line the whole engine.
In order to implement strict control Henry created a complete production cycle: from mining and smelting before the car is made. In 1914 he introduced the highest in the US minimum salary - $ 5 a day, allowed workers to participate in the profits of the company, built a model working village, but until 1941 did not allow to form trade unions at their factories. In 1914 the corporation factories started working day and night in three shifts by 8 hours each, instead of two shifts by 9 hours each, which allowed to make several thousand people employed.
In 1925, Henry created his own airline company, later named Ford Airways. In addition, Henry began to subsidize the firm of William Stout, and in August 1925 he bought it and started producing aircraft. The first product of his enterprise was the three-engine Ford 3-AT Air Pullman. The most successful model was Ford Trimotor (Ford Trimotor), nicknamed "The Tin Goose" airliner, all-metal monoplane trehmotorny, are manufactured in 1927-1933 by Henry Ford's Ford Airplane Company. Ford Trimotor was in operation until 1989.
He remained the leader of the company until 1930, when due to disagreements with the trade unions and business companions he gave to his son Edsel Ford (1893-1943), but after his death in 1943 he returned to leader the company. In 1945, Henry Ford finally gave control of the company to his grandson, Henry Ford II. He died April 7, 1947 when he was 83 years old. Henry had a grandson, Henry Ford II (1917-1987), and now the president of Ford's Motor Company is Henry's great-grandson, William Clay Ford (1957-present).

\(\large\color{green}{Ford's~Motor~Company}\)
Ford's Motor Company was founded in 1903 by Henry Ford. Ford has factories now at many countries. These include Russia, U.S., Canada, Mexico, Australia, Argentina, Brazil, Germany, Turkey, U.K., China and South Africa. Ford's Automobile Company began its business in Europe first in Germany and U.K. And then spread into other countries. By 1931 there were build two plants in Europe: one in Germany and one in U.K.. They are still open now and have about four thousand employers. In 1953 there was build one more plants in U.K., which has 538 employers. In 1925 there was opened Ford Company of Australia. It is till open and has 6000 employers. In 1925 Ford also established a company in Yokohama in Japan. Even earlier there were founded in South America two plants: Ford of Brazil and Ford of Argentina. Ford of Brazil was founded in 1919 and Ford of Argentina in 1913. There was also build one more plant in 1909 in Britain, Ford of Britain and it has about 35000 employers. Ford kept his business very competitive as he made the production of automobiles much quicker and this way he could employ more people.
In 2013 the revenue of Ford's Motor Company was $146.91 billion, operating income - $5.42 billion, net income - $7.15 billion, total assets - $202.02 billion and total equity - $26.38 billion. It had total 181,000 employers in 2013.

Answer 2

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Answer 3

I LIKE THE CARS LLOL

Answer 4

thanks 4 all the information :)

Answer 5

@ksanka
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