“The American people made our company, what it is! We have nothing that the public did not give us.
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The American people made our company, what it is! We have nothing that the public did not give us.
No surplus exists for personal every surplus is provided for future use. The future is here, and we are going to do our utmost risk everything, if necessary to use this surplus which the public, through its dealings with us, has provided, to see if we cannot make what the country needs most work, jobs.
Grew up on a farm near Detroit (Dearborn-suburb) Michigan. His father was from Ireland.
His father gave him a pocket watch at the age of 14. He took it apart and resembled it many times over and became a very good watch repairman.
Henry Ford at 25 years old in 1888.
Ford Quadra Cycle
Ford Model 999
Henry Ford with Thomas Edison and Harvey Firestone.
1908 Model T, $850 per unit
($20,091 by todays standards-23.5 times)
Sold 68,000 units
The math: net profit $57,800,000 million
1915 Model T unit cost $440 per
($9,237 by todays standards)
Sold 501,462 units
The math: net profit $220,643,280
Henry Fords method of mass production lowered the cost of the Model T, to a point where people could more afford to buy one, that cost was passed onto the consumer. It changed the way consumer manufacturing was done and to this day it is still used. This process became known as Fordism.
The Ford Motor Company
The Ford Motor assembly line became the standard for successful business at a large scale. Henry Ford success was obtained through two main factorthe mass production of inexpensive goods. Coupled with the payment of higher wages to his workers (promote higher standard of motivation).
Henry Fords ability to motivate his employees is unprecedented. He is known world-wide for his ability to overcome setbacks and to persevere.
In his lifetime, Henry Ford has made many quotes that became famous but none more famous then the ones listed below:
Whether you think that you can, or that you cant, you are usually right.
If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability.
Quality means doing it right when no one is looking.
The Ford F Series Pick-up is the 2nd largest seller, world-wide. It is Americas best selling vehicle of all-time selling 33,900,000 units over 3 decades. (The Toyota Corolla has sold more at the world level selling 35,000,000). The popular Model T sold 16,500,000 units in its early production over two decades.
2010 F-150 Raptor
Although the Ford Motor Company was third in the world in total yearly sales in 2009 (behind General Motors and Toyota). Over the long haul it has sold far more vehicles any other motor company.
The Ford Motor Company maintained the sick-with-itness of Henry Ford by declining to except government aid money from the US government in the 2008 bail-out in.
The Best Ever!
1967 Ford Mustang (Eleanor)