Ford Motor Company is an American multinational automaker based in Michigan. Automaker Henry Ford founded the company in 1903. He introduced methods for large-scale manufacturing of cars and large-scale management of an industrial workforce. This was to be done through assembly lines. The term coined in 1914 for Henry Ford’s methods was Fordism. Henry Ford went on to become one of the world’s largest and most profitable companies—as well as one of the few to survive the Great Depression.
The Ford Motor Company was launched in a converted factory when Henry Ford was 40 years old. On this day, July 20th, in 1903, the first car was shipped. At this day in age, the cars were still built by groups of tow or three men who assembled it from parts made by suppliers contracted by Ford. Within a decade of the company’s beginning stages, Ford Motor would lead the world in the expansion and refinement of the assembly line concept.