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These cars were pushed to their very limits including speed, sturdiness, reliability and style. In , a coal merchant Alexander Malcomson agreed to back Ford in a new venture deal. Ford and Malcomson formed the Ford Motor Company. Other money came from 11 stockholders. Other investments in the new company came in form of equipment.
The Dodge brothers, John and Horace agreed to supply the Engines. In those days major components for the cars were purchased from other companies a common practice in those days.
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Cars were developed and assembled in parts, from ready-made parts. His chance to come to the top came later that year. One of the owners Malcomson decided to invest in another automobile company.
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When that failed he was forced to sell all his assets in ford, Henry Ford bought all those assets from him which positioned him on a high level of ownership. Another major stockholder of the company was General Manager, then vice president and secretary of treasury James Couzens. Still as the Head of the company Ford had his hands on enormous cash reserves, this allowed him to plan new facility for production of the Model T. In he opened a new factory. In he brought new changes that would revolutionize the automobile industry.
Ford started using the assembly-line techniques for mass production.
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This idea came from Frederick Taylor and Frank and Lillian Gliberth, who developed ways to study the time and motions for a worker to perform a task. According to their study the worker is trained to the best method of doing job he can. Ford was the first one to use the mass production techniques. He used the assembly line. Most automobiles were produced by mass production wit each assembly line designed for a specific car.
The assembly line was conveyor belt on which parts of the car were added. The vehicle was passed down the line as each worker performed a certain job on it adding a new part of the car. This increased the stability in his labor force and reduction in operating costs.
He modernized his factories thus this resulted in enormous increase in output of production. Until Model T was the most popular car sold In United States the same year the production of that car was stopped to bring a more up-to-date model, the company produced and sold about 15 million cars. After Ford lost its position as the leading car manufacturer due to slow changes in modernization in their models. After even though Ford adopted a new plan to modernize their cars it was too late to regain its top position.
Between a ford company became the only major manufacturer of automobiles in the Detroit area that had not recognized any labor unions. Ford was forced to negotiate a labor contract with a union after a strike was successfully held at the main plant at river Rouge, Michigan, in April During the W. II era Ford was granted government contracts for which he manufactured war materials like: parts for the bombers and later, the entire airplane. By the end of W. App Download. US UK.
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