Brief History of Ford

Henry Ford founded the Ford Motor Company,Henry Ford died in 1947 and by that time Ford was a
currently the third largest carmaker in the world, withreputed world carmaker. It is said that over seven
the Dodge Brothers in 1903. While Henry Ford hasmillion people paid their final respects at his funeral.
been building motor vehicles before this, 1903 is thePost WWII Ford was a company that developed and
year when he, supported by twelve investors,evolved very fast. Many famous models were
established the famous company.produced in the 1950s and the 1960s, such as the
Ford’s first cars were named chronologically withThunderbird (1955), the F-1 truck (1948) and the
letters: the model A was introduced in 1903 forMustang (1964). Ford also continued to develop and
example. In 1904 Ford introduced the world famous Timplement the latest technologies in their cars and they
Model that was to become a symbol of the Americanhad become one of the most important carmakers in
motorcar industry.the world during the Cold War.
In 1907 Ford launched its current Blue Oval TrademarkDuring that time Ford Motor Company continued to
but it wasn’t until 1928 that a Model A had the firstexpand overseas, looking for other possible
version of the familiar Ford script.investments. In 1979 they bought a quarter of the
Henry Ford had witnessed a huge success with hisJapanese carmaker Mazda, in 1987 Ford bought Aston
vehicles especially with the T Model and by the earlyMartin and in 1989 Ford acquired Jaguar. In 1999 Ford
1910’s he expanded overseas, with productionacquired Volvo and Land Rover in 2000.
facilities in France, Denmark and Germany, EnglandIn 2003 Ford Motor Company celebrated its 100th
and Austria.birthday and it introduced a series of special
When the First World War started, Ford wascommemorative cars, such as the new Ford Mustang.
producing half of the cars being sold in the US andIn the recent years Ford has faced some financial
almost half of all cars being produced in England.problems (the company reported losses of over $12
During the war, Ford produced many of its cars forbillion for the 2006 fiscal year) that led to the selling of
the military.some of the brands from the Ford group: Aston Martin,
In 1922, Ford acquired Lincoln Motor Company in theJaguar and Land Rover.
desire of expanding its market share as Ford wanted As gas prices in the United States continue to soar
to enter the luxurious car market.the Ford Motor Company will need to keep pace with
By 1941, Ford owned the largest assembly plant in thecurrent market trends and foreign manufacturers
world and during the World War II Ford produced notknow for smaller cars and better fuel economy to
only your standard military vehicles, but also B-24stay a viable and profitable business.
Liberator bombers and tanks.