The Ford Motor Company has long been recognized as a powerhouse in the automobile industry. The company was officially incorporated on June 16, 1903, when Henry Ford, along with 12 other investors, gathered in Detroit, Michigan, to sign the necessary paperwork. Today, the Ford Motor Company remains one of the largest and most successful companies in the world.

The Ford Motor Company was founded by Henry Ford and has remained a family-owned business for over 100 years. Henry Ford was born in Springwells Township, Michigan, in 1863. He began working with vehicles in his early teens, and by the late 1880s, he was repairing and rebuilding engines. Although he tried various business ventures as an adult, none of them were successful. However, he did find success in repairing and even constructing automobiles for various customers. In 1903, he officially established the Ford Motor Company, which achieved immediate success. He revolutionized the transmission mechanism in vehicles, and his Model T, released in 1908, became the new standard for automobiles. Henry Ford is still regarded as a pioneer in designing and producing affordable and reliable vehicles for the middle class.

Fun Facts about Henry Ford and the Ford Motor Company: 

• Henry Ford became a billionaire in 1920, and at his peak, his net worth was estimated to be around $200 billion. He is regarded as one of the wealthiest individuals in history.
• Henry Ford implemented innovative business practices at the Ford Motor Company. He introduced the “moving assembly line” technique, which significantly increased production while reducing costs. Additionally, he established a five-day workweek, a groundbreaking concept at the time, to improve employee morale. He also offered a $5 daily wage, significantly higher than industry standards at the time,  to attract and retain skilled workers.
• The Ford Motor Company is still family-owned today, making it one of the largest family-controlled companies in the world.
• Henry Ford was a true innovator, holding over 160 patents in his name. 
• Ford’s F150 truck is the best-selling truck in the world, and is also in the top 10 selling vehicles of all time.