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Analysis of Form Motors Company - Research Paper Example

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Analysis of Form Motors Company

After a period of about ten years, the company began its assembly line notion of producing cars which led to the rapid expansion of the company (Cook, 2010). When Henry approached the age of 40, he created the Ford Company and its control has since remained within his family for the past century (Ford, 2007). The company has witnessed several developments since its establishment by introducing the first cars with engines having removable cylinder heads in the year 1908 and safety glasses in their windshields in the year 1930 (Banham, 2002). In the year 1932, the Ford Company then introduced vehicles that were powered using V8 engines that were low priced (Cook, 2010). From the year 1952, the Company started offering packages for life safety that included items like steering wheels that had deep-dishes, rear seatbelts and padded dashes for the first time in vehicles. The Company then started producing its Mustang brand in the year 1964 and the reminder light on seat belts in the following year (Geyer, 2011). In the mid 1990’s, the Company sold very many vehicles since the country’s economy was performing well. ...
The company was established by Henry Ford and was later on incorporated in the year 1903 on June 16th (Geyer, 2011). The company has purchased stakes in the Mazda Company located in Japan along with the Aston Martin Company that is located in the United Kingdom. The company additionally controls the Ford and Lincoln brands. However, the company is mainly controlled by members of the Ford family which owns the majority of the shares at the company (Ford, 2007). Through the usage of elaborate engineering manufacturing sequences referred to as assembly lines, the company was able to initiate the large scale manufacture of vehicles along with the management of their large workforce (Geyer, 2011). The company has risen over the years to become the second largest producer of automobiles in America and the fifth largest in the world. The Ford Company has opened manufacturing plants in many parts around the globe including China, Mexico, Turkey, Germany, Australia, Brazil, South Africa, Argentina along with Canada and the United Kingdom. The company employs over 165,000 workers and over seventy manufacturing plants around the globe. It additionally own subsidiary companies in countries such as China, Brazil and Mexico (Cook, 2010). Future Plans The Company’s mission statement states that Ford will work as one team, under one plan and with one goal of achieving profitability while remaining relevant to the market (Banham, 2002). It stipulates that the Company’s staff will work together as one team in order to achieve global leadership in their industry which will measured through their customer, suppliers, employees, unions, investor along with the society’s satisfaction. Their unified plan implies that they will aggressively restructure their operations for the ...Show more

Summary

Analysis of Ford Motors Company Name Institution Date History The first attempt that Henry Ford made at starting his own motor company was in 1901, but began the Cadillac Motor Company in the year 1902. He launched the company in a factory converted in 1903 with capital of about $28,000 that had been obtained from around twelve investors (Geyer, 2011)…
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