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Ford Motor history
Ford Motor company history timeline
Apparently his father loaned him $5,000 with which he bought Ford stock on June 27, 1903.
During June of 1903; Henry Ford, James Couzens and C.H Wills were on salaries, there were also seven hourly workers working ten-hour days, six days a week, for a weekly pay varying from $8.00 to $18.00.
With $28,000 of capital raised from friends and neighbors, Henry Ford established a new shop on June 16, 1903.
For the period between July 23 and September 30, 1903, sales of 195 vehicles produced an income of $142,481.72 with net profits of $36,957.
Things were changing for the better when Henry Ford celebrated his fortieth birthday on July 30, 1903.
1903 Election of Board of Directors: Mr.
The Ford Motor Company was officially incorporated in 1903, when founder Henry Ford launched his venture in a converted factory on Mack Avenue in Detroit.
By April of 1904, attorneys Anderson & Rackham were handling the Ford Motor Company purchase of a Beaubien Street site for $23,500, and overseeing the building of a much larger factory to cost $76,500.
A Canadian plant was established in Walkerville, Ontario, on August 17, 1904.
The company’s first international sales branch opened in Paris in 1908.
In 1908, Ford introduced the mass-produced Model T, which totaled millions sold over nearly 20 years.
7, 1913: The Highland Park plant in Michigan begins operations as the first moving automobile assembly line in the world.
In 1914, Ford began offering a $5 a day wage to its factory employees.
5, 1914: Ford begins offering $5 per day for eight-hour work days and 15,000 job seekers clamor for 3,000 jobs at the Model T Plant in Highland Park.
In 1918, Henry Ford officially retired from the company, naming his son Edsel president and ceding to him a controlling interest.
Between January 1 and April 19, 1921, the Ford Motor Company had $58 million in financial obligations due, and only $20 million available to meet them.
1922: Lincoln Motor Company is acquired.
Henry Ford purchased the Lincoln Motor Company in 1922, in order to compete with such brands as Cadillac and Packard for the luxury segment of the automobile market.
Edsel Ford was more enthusiastic about the development of the aircraft industry than his father, and in 1925 persuaded his fellow shareholders (all family members) to purchase the Stout Metal Airplane Company.
In 1926, General Motors Corporation introduced its Chevrolet automobile, a more stylish and powerful car.
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Ford Motor may also be known as or be related to Ford Motor, FORD MOTOR CO, Ford Credit and Ford Motor Company.