Thursday, December 19, 2019

Ford Motor Company An Dominant Car Manufacturer Essay

Ford Motor Company was founded in 1903 by Henry Ford and has continuously remained under family ownership since this time. The company developed and implemented assembly line production by the release of the Model T in 1909, and produced planes and vehicles for the allies in World War II. Ford has operated internationally since 1904, when it opened a branch in Canada to gain access to Commonwealth markets. For the first half of the 21st Century, Ford remained the dominant car manufacturer within the market it had effectively created (Corporate Ford Company, 2015). Ford, like many companies large and small of the era, was a staunch supporter of the U.S. effort at home to win World War I and World War II. During World War I, the company produced submarine chasers, tanks and cars. In World War II, it made 80 percent of all U.S. B-24 bomber planes (Corporate Ford Company, 2015). Ford became a public company in 1956 and that year won a Motor Trend award for vehicle safety improvements. In 1956, Toyota exported its first automobile to the United States, and began acquiring market share. In hindsight this was a turning point in the U.S. market, and as the 21st Century drew to a close Ford faced declining market share and had difficulty remaining competitive in the global marketplace (Corporate Ford Company, 2015). Ford is the second-largest U.S.-based automaker (preceded by General Motors) and the fifth largest in the world based on 2010 vehicle sales. At the end of 2010,Show MoreRelatedEnvironmental Challenges Facing The American Automotive Industry Essay997 Words   |  4 Pagesthe American Automotive Industry Since Henry Ford invented the mass production techniques that made cars affordable to the public, the United State s economy has been dramatically influenced by this key component in its affluence. Exponentially, jobs were created because the auto business grew. Employees were needed for the constantly growing assembly lines. 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