Ford Motor Company An American Automaker Essay - 1318 Words

Stock Report- Ford Motor Company Ford Motor Company is an American automaker and the world s fifth largest automaker based on worldwide vehicle sales and is the second largest American automaker. Based in Dearborn, Michigan, a suburb of Detroit, the automaker was founded by Henry Ford, on June 16, 1903. In that same year, with 12 investors and 1000 shares, the company had spent almost all of its 28000 dollar cash investment by the time it sold the first Ford Model A on July 23 1903. By October 1 of that same year, Ford Motor Company had turned a profit of 37,000 dollars. By 1904, Ford Motor company built its first international plant in Walkerville, Ontario, right across the Detroit River from Ford’s existing facilities. The company was a separate organization with its own set of shareholders. it was created to sell vehicles not just in Canada, but also all across the British Empire (1904 current British Empire). Over the years Henry Ford Model T then put the world on wheels w ith a simple, affordable, and durable automobile. I chose to purchase Ford stock mainly because of what was previously said at the end of the first paragraph. Henry Ford’s automobile were not made so that they would only be available to an exclusive status quo of people. Instead these automobiles were made so that everyone could afford and enjoy the simply luxuries of owning a Ford vehicle. Over the years Ford has stuck by these qualities introduced by Henry Ford. Personally I am a simple guy and doShow MoreRelatedAmerican Automobile Industry1162 Words   |  5 Pages-American Automobile Industry- As we move towards a globalized business world, new competitors have risen from developing nations. These nations now pose a threat to the many industries still stuck in their old ways. One industry in particular is the American auto industry that has seen a large fall in their earnings. 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AlsoRead MoreEnvironmental Challenges Facing American Auto Industry Essay1140 Words   |  5 PagesEnvironmental challenges facing American Auto industry Introduction The first gasoline powered automobile was built 1885 in Germany. The first car was engineered by Henry Ford in 1896. He took things a notch higher by establishing an assembly line which enabled him to mass produce the vehicles thus making them affordable to the consumers. The use of automobiles has since increased in the US and other parts of the world. By 1999, the US alone had over 200 million passenger cars and light trucks