History of Ford

 

As one of the largest and most profitable automobile companies in the world, Ford Motor Company has an interesting history. Let’s take the focus off of all the specific cars that Ford has produced for people in Utah and the rest of the world and instead put the focus on the legacy that Henry Ford built.

Henry Ford’s road to the Ford Motor Company begins the same as any other hopeful entrepreneur. He began his automobile career with the Detroit Automobile Company, which eventually crumbled and turned into the Henry Ford Company. After a disagreement with his financial backers in 1902, Ford left this company taking along with him $900 and the rights to his name.

Ford met and formed partnerships with other well-established manufacturers, which inevitably led to the incorporation of the Ford Motor Company on June 16, 1903 with 12 investors each owning 1,000 shares. To the surprise of many, Ford Motor Company was immediately profitable.

Ford Motor Company was one of the few businesses to survive throughout the Great Depression. Similar to other manufacturers, Ford was able to survive the financial collapse in auto sales by reducing the scale of operations and laying off workers.

Ford once controlled five other luxury brands: Volvo, Land Rover, Jaguar, Aston Martin, and Mercury. However, these have since been either dropped or discontinued and primary focus has been put on both Ford and Lincoln. The acquisition of the Lincoln Motor Company came on February 4, 1922 from Henry M. Leland and was in fact named after Leland’s great admiration of Abraham Lincoln.  This, of course, led to the formation of your local Utah Ford dealers.

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Jorge Presbury is a writer for Fusion 360 Agency.  He writes digital content for several clients, including Henry Day Ford.

 

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