Rise of Ford

Ford Motor Company is one of the greatest American Companies founded by Henry Ford in Dearborn, Michigan. It now stands on the 2nd position of the largest automobile companies in the US after General Motors and 5th largest in the world after Toyota, Volkswagen, Honda, Kia, and GM. Ford Motor Company was incorporated on June 16, 1903, and it owns the luxury car brand Lincoln along with Brazilian SUV brand Troller. It produces commercial vehicles under its name Ford. It is one of the biggest family owned companies.The whole Story of Ford Motor Company started when Henry Ford in 1901, started his own 1st car company by the name of Henry Ford Company which became Cadillac Motor Company in 1902. Ford Motor Company was launched in 1903 in a converted factory in 1903 with $28,000 investment from different investors including John & Horace Dodge (founders of Dodge).Ford didn’t just give amazing cars to the world but it also brought various inventions in the industry which enables the possibility of large-scale manufacturing of cars. Without large-scale manufacturing of such complex engines, it wouldn’t have been possible for every person to own a separate car. This was made practical with the introduction of Assembly Line in the factories which was later adopted by other industries too.Ford started exporting overseas in 1911. Technological and management inventions by Ford Motor Company helped it grow faster which made it possible for Ford to own other car companies such as Volvo, Land Rover, Jaguar, Aston Martin and Mercury. Ownership of these companies made Ford huge which enabled it to become one of the largest automotive companies in the US. Although, Mercury discontinued it’s manufacturing and other companies were later sold too.