Most read Stories
How Kenny Kunene Got Rich from be
Limpopo's Teacher Chose To Become
How Jabu Stone founded the hair b
Lebo Gunguluza on his journey to
who is DJ Sbu -Behind the scenes
Millionaire At The Age Of 14 Give

Calendar events for February 2018
MoTuWeThFrSaSu
      
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
     
  Add Events Here


Henry Ford Founder Of Ford Motors

Thursday, June 29,2017
Published by Jackson Mathebula
Share on   FaceBook  

Henry Ford

  • Founder of Ford Motors
  • Dropped out at 16 yrs
  • born July 30, 1863

Brief Info

In 1879, Ford left home to work as an apprentice machinist in Detroit, first with James F. Flower & Bros., and later with the Detroit Dry Dock Co. In 1882, he returned to Dearborn to work on the family farm, where he became adept at operating the Westinghouse portable steam engine. He was later hired by Westinghouse to service their steam engines. During this period Ford also studied bookkeeping at Goldsmith, Bryant & Stratton Business College in Detroit.

In 1891, Ford became an engineer with the Edison Illuminating Company. After his promotion to Chief Engineer in 1893, he had enough time and money to devote attention to his personal experiments on gasoline engines. These experiments culminated in 1896 with the completion of a self-propelled vehicle which he named the Ford Quadricycle. He test-drove it on June 4. After various test drives, Ford brainstormed ways to improve the Quadricycle.

Also in 1896, Ford attended a meeting of Edison executives, where he was introduced to Thomas Edison. Edison approved of Ford's automobile experimentation. Encouraged by Edison, Ford designed and built a second vehicle, completing it in 1898. Backed by the capital of Detroit lumber baron William H. Murphy, Ford resigned from the Edison Company and founded the Detroit Automobile Company on August 5, 1899. However, the automobiles produced were of a lower quality and higher price than Ford wanted. Ultimately, the company was not successful and was dissolved in January 1901.

With the help of C. Harold Wills, Ford designed, built, and successfully raced a 26-horsepower automobile in October 1901. With this success, Murphy and other stockholders in the Detroit Automobile Company formed the Henry Ford Company on November 30, 1901, with Ford as chief engineer. In 1902, Murphy brought in Henry M. Leland as a consultant; Ford, in response, left the company bearing his name. With Ford gone, Murphy renamed the company the Cadillac Automobile Company.

Teaming up with former racing cyclist Tom Cooper, Ford also produced the 80+ horsepower racer "999" which Barney Oldfield was to drive to victory in a race in October 1902. Ford received the backing of an old acquaintance, Alexander Y. Malcomson, a Detroit-area coal dealer.They formed a partnership, "Ford & Malcomson, Ltd." to manufacture automobiles. Ford went to work designing an inexpensive automobile, and the duo leased a factory and contracted with a machine shop owned by John and Horace E. Dodge to supply over $160,000 in parts. Sales were slow, and a crisis arose when the Dodge brothers demanded payment for their first shipment.

In response, Malcomson brought in another group of investors and convinced the Dodge Brothers to accept a portion of the new company.Ford & Malcomson was reincorporated as the Ford Motor Company on June 16, 1903, with $28,000 capital. The original investors included Ford and Malcomson, the Dodge brothers, Malcomson's uncle John S. Gray, Malcolmson's secretary James Couzens, and two of Malcomson's lawyers, John W. Anderson and Horace Rackham

2 Months ago 

More News to Read
General News

Jack Ma - Chinese Billionaire and founder of Alibaba Group

Phil Knight - A Billionaire behind - NIKE

Raymond Ackerman Billionaire and founder of Pick 'n Pay supermarkets

Millionaire At The Age Of 14 Gives Motivation
Entertainment

who is DJ Sbu -Behind the scenes
Business

Michael Dell Founder of Dell Computers

10 Richest People in Africa

Isaac Mophatlane the co Founder of IT Company - Business Connexion

Sakumzi Macozoma - chairman of Safika Holdings
Politics

SA's Elon Musk is taking over the world (biography)


 Leave your Comment
Full Name:
 
To comment, Delete this text

Share this Post on   FaceBook