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| বাংলায় পড়ুন | Researchers and Reporters: Tanjil Fuad Isfaqul Kabir |
In the history of automobiles, the Ford Motor Company represents an important era. Established by Henry Ford in 1903, the business has revolutionized mechanical transportation on a global scale. Henry wanted to build cars that were accessible to the average person. Ford was always ahead of his time, starting with his revolutionary “Model T” automobile.
Ford’s early years
The Ford Motor Company was established in 1903 in Michigan, USA. Twelve investors contributed a total of $28,000 at the beginning. Henry Ford transformed the automobile production process at the time by introducing the Model A to the market. However, the Model T’s introduction to the market in 1908 marked Ford’s true success. Because of its low cost and simple manufacturing process, the “Model T” automobile was within the reach of middle-class people. This ushered in a new era in automobile manufacturing and marketing. Because of its affordability, dependability, and durability, the “Model T” allowed for middle-class accessibility. Consequently, the Ford Company gained global recognition in a matter of years.
Ford’s true success came in 1908 when the ‘Model T’ was launched. | Photo collected.
The international growth of Ford
The Ford Motor Company is currently active in over 200 nations worldwide. Ford’s revenue in 2023 exceeded $160 billion. Ford’s current market value is approximately $50 billion, based on statistics from 2024. Ford Motor Company began its manufacturing and sales operations primarily in Europe. Ford later made its debut in the Asian market in the 1990s. The United States is the source of the company’s largest revenue. Early in 2000, Ford began its voyage in Bangladesh. Their dealerships are currently located around the nation, especially in Dhaka. Because they provide high-tech cars at reasonable costs, they have gained the trust of Bangladeshi purchasers.
Secrets of Ford’s Achievements
The success of Ford can be attributed to many innovative business practices and technologies. The assembly line was first conceptualized by Henry Ford. In essence, it is a production process in which several product components are put one after the other, ensuring speedier production while cutting costs and production time. Ford began producing automobiles using this process in 1913. Ford is admired all over the world for its quality as well as its automobile design, strong engines, and innovative use of technology.
In addition, vehicles manufactured by Ford Motor Company compete in “Formula-1” and other motorsport competitions. The “Formula-1” and “Le Mans” 24-hour races have seen notable success with their vehicles.
Ford Motor Company first used this method in automobile production in 1913. | Photo collected.
Ford’s prospects
Tesla is presently the top producer of electric vehicles worldwide. Ford is, nevertheless, also making significant investments in autonomous driving and electrified vehicles at the moment. Automobile aficionados have responded enthusiastically to their Mustang Mach-E and electric pickup F-150 Lightning. Ford is certain that they will continue to be at the forefront of the automotive industry in the future.
Ford Motor Company is currently making significant investments in electric vehicles and autonomous driving technology. | Photo collected.
According to Jim Farley, the company’s current CEO, “Ford is a global brand, not just a car company.” We want to give everyone access to sustainable and reasonably priced automotive solutions, not merely turn a profit.
For millions of people worldwide, Ford Motor Company’s incredible adventure has transformed their lives. Their creative business plans and tactics serve as an example for other firms.
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