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Ford Motor Company (NYSE: F)
Ford Motor Company – A History
Vehicle History
Ford Motor Company was founded by Henry Ford in Detroit, Michigan. Ford was a skilled craftsman, who used his skills to create an experimental car in 1896. He created a two cylinder vehicle that was capable of going up to 20 mph. Ford left his primary job in 1899 to create Detroit Automobile Company and produced the Model A in 1903. The car had an under the floor engine and sold for $850. This car sold 1,708 units in its first season.
As Ford refined the product, he became increasingly focused with vehicle speed. In 1904, he released an experimental car, called the 999, which had a max speed of 91.4 mph. Later that year, the company also introduced the Model B and Model C for $2,000. Ford improved upon the prototype to create the Model K in 1905 that sold for $2,500. The 1906 model was the Model N, which sold for $500. The Model N undercut Oldsmobile’s prices and paved the way for Fords......
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Title: History Of Ford Motor Company
Approximate Word Count: 4118
Approximate Pages: 17 (250 words per double-spaced page)
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