|
Ford was launched in
a converted wagon factory in 1903 with $28,000 in cash from twelve
investors. During its early years, the company produced just a few
Model A's a day at its factory on Mack Avenue in
Detroit, Michigan. Groups of two or
three men worked on each car from components made to order by other
companies. Ford and his company would go on to become the first to
mass produce a product using machinery and assembly lines, rather
than having the same workers doing the entire assembly of one
vehicle. Henry Ford was 40 years old when he founded the Ford Motor
Company, which would go on to become one of the largest and most
profitable companies in the world, as well as being one of the few
to survive the
Great Depression. The largest
family-controlled company in the world, the Ford Motor Company has
been in continuous family control for over 100 years. |