Association of Automobile Manufacturers, who held the rights to a patent obtained by George B. Selden of Rochester, N.Y., in 1895, covering the combination of a gasoline engine and a road locomotive. Their son Edsel, who worked for the family business,. He was an inheritor and he was a tycoon--representative of a family dynasty and living symbol of the modern industrial age. Between 1930 and 1941, Fords share of automotive output had declined from 40% of all American cars to less than 20%. Throughout his schooldays he worked on the farm after school hours and during vacations. Clara Ford and Mrs. Edsel Ford had forced the decision, and within minutes after Henry Ford II was in office he got rid of Bennett. promise of officials there to treat with the union, a step the Ford company had never taken before. To Henry Ford Heritage Association's The Ford Story starts with A Young Henry Ford - Henry Ford, son of William and Mary Litogot Ford, was born July 30, 1863. A group of former Air Force officers called the Whiz Kids were brought in to apply military management techniques. Ford's first car was a simple frame with a gas-powered engine and four bicycle wheels mounted on it. developing eighty horsepower. The slag from the furnace is used in a cement plant and all the steel scrap one an hour, twenty-four hours a day. He went to school until he was Henry Ford II died on September 29, 1987 at the age of 70. Up to that time the average wage throughout his works had been $2.40 a nine-hour day. Meanwhile the General Motors Company, Mr. Ford's closest business rival, aided by the Reconstruction steamships, all of which he operated on the Ford system of high wages, high production and low cost. Investment bankers were convinced that he would have to go to them "hat in hand," and an officer of one large New York bank journeyed to Detroit to offer Mr. Ford a large loan on the condition that a representative of the bankers be appointed The Menlo Park Laboratory, in which Mr. Edison perfected the electric After protracted litigation, Mr. Ford won the suit when the Supreme Court held that the Selden patent was invalid. In a 1916 lawsuit filed by the Dodges, Henry Ford admitted that the Dodges made the entire Ford . Henry Ford died on April 7, 1947 in the city of Detroit, Michigan (United States). When did Henry Ford II die? interest when his balance was to be above a certain amount for a certain time. completed his first "gasoline buggy" in 1892. He remained a member of the board of directors and chairman of the firms finance committee, while younger brother William Clay Ford continued active as a vice chairman of the firm and watchdog of the familys stake in it, and no one ever doubted his continuing interest. In 1890 he got a job as engineer and machinist with the Detroit Edison Company at $45 a month, and moved to Detroit. I had to, he said. Let us know if you have suggestions to improve this article (requires login). The "999," with the celebrated Barney Oldfield at its wheel, won every race in which it was entered. He made fewer and fewer public appearances, attended fewer parties and stopped making speeches. however, he reverted to his high-wage policy and in 1935 established a minimum of $6 a day. Her death was announced in an e-mail message to Ford Motor Company employees by the company chairman, Bill Ford Jr., a nephew. At its construction it was the largest single manufacturing establishment in the world, occupying a building If Henry had died at 59 . On June 16, 1903, Henry and 12 others invested $28,000 to create Ford Motor Company. would prove impossible. a dramatic gesture would be enough to end the war. He reversed its fortunes in the first year of his stewardship while continuing to rule Ford like the family fiefdom it was. Dati relativi al dispositivo e alla connessione a Internet, come l'indirizzo IP, Attivit di navigazione e di ricerca durante l'utilizzo dei siti web e delle app di Yahoo. the voters in the primaries on both the Democratic and Republican tickets, he received the Democratic nomination, but was defeated in the election by Truman H. Newberry, Republican, whose majority September 29, 1987 Per maggiori informazioni sulle modalit di utilizzo dei dati, consulta la nostra Informativa sulla privacy e lInformativa sui cookie. Later, when he became successful, he repurchased his first car for $100 as Bankers reported that he invariably drove a hard bargain in placing these funds. for the production of 6,000 Rolls- Royce engines for Great Britain, and 3,000 of the same type for the United States. Henry Ford had laid the foundation of the . belligerent countries. He often exacted a special rate of . Puoi cambiare le tue preferenze in qualunque momento nella sezione Le tue impostazioni per la privacy. He set up a workshop in his backyard and continued his experiments after hours. were the indispensable foundation for an Allied military victory in the Second World War. Ford had been suffering paralytic strokes. The crisis over, Mr. Ford severed all connections with the banks, except as a depositor. The car came out in 1957 with first-year sales expected to hit the 200,000 range. There were setbacks, however, and one of them bore an unfortunate name. As a result, the Ford Motor Corporation was passed to Henry Ford II, who did his best to repair its reputation throughout the 1950s. highest executive down to the ordinary laborer," including a new minimum wage scale of $4 a day, $1 less than that which he had put into effect eighteen years before. is converted by a combination of electric furnaces and a large rolling mill. In fact, only 110,247 Edsels were ever actually produced, and the Edsel was discontinued in 1959 for a loss of $250 million. In 1919 he and his son, Edsel, became its sole owners, when they bought out the minority stockholders for $70,000,000. Mr. Ford himself left the party at Christiania, now Oslo, and returned home. And then, in October, 1978, it was Iacoccas turn. to him its Distinguished Service Medal for his efforts in behalf of disabled veterans of both world wars. !. One of the cars introduced during Henry IIs tenure, the Edsel, was a legendary failure, but two others, the Mustang and the Thunderbird, were immensely popular and are widely considered to be classics. The brothers died unexpectedly in 1920. . Thomas Edison, Henry Ford, Harvey Firestone and John Burroughs went on with the ride of their life in a newly released Model T, the first "people's car". Born: July 30, 1863. On May 26, 1937, a group of UAW organizers, including Richard T. Frankensteen and Walter Reuther, were distributing organizing literature outside the gate of the Ford plant at River Rouge, when they In 1903 the Ford Motor Company sold 1,708 two-cylinder, eight horsepower automobiles. At that time, he also embraced his brides Roman Catholic faith, a step for which he was prepared by Msgr. So Henry II was discharged on Aug. 1, 1943, and the following year became executive vice president of the company--second only to his grandfather. September 4, 1917 Detroit Michigan Died: September 29, 1987 (aged 70) Detroit Michigan See all related content Henry Ford II, (born September 4, 1917, Detroit, Michigan, U.S.died September 29, 1987, Detroit), American industrialist and head of Ford Motor Company for 34 years (1945-79). Four years later, Henrys marriage to Anne ended in divorce. [19] Legacy [ edit] The Henry Ford II World Center, the official title of the Ford World Headquarters in Dearborn, Michigan No one would have been surprised if he had chosen to liquidate, cash in whatever assets remained for what they would bring in order to safeguard his familys financial future without regarding the cost to others whose lives were bound up in the company.. amounts on deposit in banks throughout the United States and in other countries. These cars might not have the Ford GTs cachet, but each is worth remembering. What year did the Dodge brothers die? Clicca su Gestisci impostazioni per maggiori informazioni e per gestire le tue scelte. treasurer of the Ford Motor Company with full control over its finances. In Germany the German Ford Company was organized with the German dye trust as one of its principal stockholders. Corrections? the wood-working is done at the forest mill, the waste goes to a wood-distillation plant, and there is no waste in shipment. Mr. Ford substituted an arrangement under which each worker performed a single specialized operation, which was simplified to the utmost 15. car, manufactured by the General Motors Corporation, had become a serious competitor. Early Life and Education: Henry was educated at the local one-room school for eight years where he demonstrated an early interest in mechanical objects. By 1926 the cost of the Model T had been cut to $310, although it was vastly superior to the 1908 model. Philip Caldwell, pictured at an Ohio plant in 1982, followed in the footsteps of more famous executives at Ford. In addition there were hangars with another 1,200,000 feet of floor space, and an adjacent air field larger than La Guardia Mr. Ford also built Greenfield Village, a reproduction of the community in which Mrs. Ford, who was Clara Bryant before their marriage in 1887, was born. He was hospitalized for treatment of angina in 1976. But that heyday was long past when young Henry took over in 1945. But he resigned in 1977, leaving no family member on the board, and issued a statement criticizing the organization for trying to do too many things in too many areas.. pair of tweezers, fashioned respectively from a knitting needle and an old watch spring. And that was all, except for the 1980 divorce from Christina and marriage the same year to Kathleen DuRoss. Grandfather Henry had continued at the helm too long. He leaves a widow, the former Clara Bryant, whom he married in 1887, and two grandsons, Henry 2d and Benson. My name is on the building. For several years he confined himself to cutting the timber on forty acres his As the founder and unchallenged master of an industrial empire with assets of more than a billion dollars, he was one of the richest men in the world. By the spring of 1945, when the War Department announced that the production of Liberator bombers would be discontinued, Willow Run had produced more than 8,000 of them. With characteristic vigor, Mr. Ford, long looked upon as perhaps the strongest foe of unionism, did We use cookies to ensure that we give you the best experience on our website. Furthermore, by rigid economies of labor and materials hitherto thought power to exploit labor and management alike. ATTENTION LE MANS FANS! Its production mounted from 25,000 in January, 1926, to 77,000 in November, while Ford sales dropped. development of his farm tractor, the Fordson, and to the publication of his weekly journal, The Dearborn Independent. tractor with a one-cylinder engine, but was unable to devise a boiler light enough to make the tractor practicable. He received the last rites of the Roman Catholic Church on Sept. 18. When the stock market collapse of October, 1929, precipitated the great depression, Mr. Ford was one of the business and industrial leaders who were summoned to the White House by President Hoover. In March, 1944, Charles E. Sorenson, who Mr. Ford let it be known that he was grooming his grandson and namesake, then 26 years old, for the eventual leadership of the business. DETROIT, Tuesday, April 8 Henry Ford, pioneer of the automobile industry who developed a horseless carriage into a billion-dollar empire, died last night in his suburban Dearborn home. Henry Ford II took over as President and at all levels of decision making. Mr. Ford was born on July 30, 1863, on a farm near Dearborn, nine miles west of Detroit. DETROIT, April 7--Henry Ford, noted automotive pioneer, died at 11:40 tonight at the age of 83. The key to a turnaround, he was sure, lay in selecting new management for the firm. By that time the public had become interested in the speed possibilities Henry Ford 2d, who took over the ailing auto company founded by his grandfather and restored it as one of the world's industrial giants, died yesterday in Detroit of complications arising. He lived to see the Ford Motor Company, which he founded with an initial investment of $28,000 put up by a few friends and neighbors who had faith in him, produce more than 29,000,000 automobiles before The editor wrote articles expounding Mr. Ford's economic and social ideas after consulting with him. Ford had been suffering paralytic strokes. John Stephen Bugas (April 26, 1908 December 2, 1982), known as Jack Bugas, was the second in command at Ford Motor Company during the presidency and chairmanship reign of Henry Ford II (the oldest grandson of founder Henry Ford). Meanwhile, he had become chief engineer of the electric company at $125 a month, but his superiors had no more use for his gas engine experiments than had his father. added to his reknown. - He was the trend-resister whose Edsel entered the language as a synonym for failure, whose Pinto was denounced as a murderous firetrap and who summed up his attitude toward compact cars in the single sentence: Mini-cars mean mini-profits.. collective bargaining spokesman for the employes. Henry Ford resigned as president of Ford Motor Company in 1918, amid a clash with the other stockholders over global expansion. . The Ford company asked for and obtained the release of Henry Ford 2d, son of Edsel Ford, from the Navy, in which he had served for two and a half years and had risen to the rank of lieutenant, on the a complete about face. In 1928 Mr. Ford organized the British Ford Company, and subsequently began operations in other European For several years he spent most of his spare time reading about and experimenting with the gasoline engine. While working as an engineer for the Edison Illuminating Company in Detroit, Henry Ford (1863-1947) built his first gasoline-powered horseless carriage, the Quadricycle, in the shed behind his home. He had been able to spend some time each week at the . Under the old factory system, a single workman constructed an entire spring, using several different In 1903, he established the Ford Motor Company, and five years later the company rolled out the first Model T. Did Henry Ford have business partners? as a shrewd, kindly sage. "It was brought out that, although a column in the paper was labeled as his, he did not write it nor did he read the publication. Field in this city. apostle of an economic philosophy of high wages and short hours that had immense repercussions on American thinking. had it that she was dissatisfied with the course of company affairs. Miles won the 24 Hours of Daytona and the 12 Hours of Sebring in 1966, and placed second at Le Mans. He had retired a little more than a year and a half ago from active direction of the great. Who got Henry Ford's money? The Mustang was largely the creation of Lee A. Iacocca, a previously obscure Ford vice president not yet 40 years old. These are the 101 best restaurants in Los Angeles, Law & Order: SVU showrunner accused of mistreating women, support staff on multiple shows, Violence between L.A. Councilman Kevin de Len, activist caught on video, sparks debate, A world gone mad: Schizophrenia and a journey through Californias failed mental health system, Co-workers of cop who killed 3 in California took items from his home before official search. Edsel Ford/Sons. Ford was a prolific inventor and developed the assembly line which revolutionized the production of automobiles. Young Henry wouldnt stand for it, and he had the government on his side. He was opposed to the use of tobacco and liquor, and he hated idling. Edsel Ford died in 1943 and two year later Henry officially turned over control of the company to Henry II, Edsel's son. After lengthy hearings the National Labor Relations Board found the Ford Motor Company guilty of unfair labor practices. According to his biography published on the Ford website, he died with his wife, Clara Ford, and members of their household staff at his side. After what amounted to a crash course in industrial management, he succeeded to the presidency of the ailing company in 1945. When it became He was a patron of American folkways and in later years acquired a reputation Ford Motor today is worth $57 billion, up from $4.8 billion less than two years ago. The company made and sold a few cars on his original model, but after two years Mr. Ford broke with his associates over a fundamental Our editors will review what youve submitted and determine whether to revise the article. In seven years he built and sold was reduced from 7,567 to 4,000 in a Senate recount. majority control of this company. In 1964, the company brought out the sporty Mustang, its first car aimed specifically at the youth market and sold 417,811 of them the first year. William Clay Ford Sr.Benson Ford She was 81 and lived in suburban Grosse Pointe Farms. The mission was ridiculed and failed to achieve anything. Mr. Ford was a central figure in the banking crisis which led to the closing of the Detroit banks in February, 1933, which in turn precipitated the chain of events that resulted in the national bank He finally abandoned the Model T the next year, substituting the Model A, which became almost as well known. higher wages to his employes. He was senile, the company was on the brink of financial collapse and no one could have blamed the young man--who had only two years of junior executive experience behind him--for deciding the situation was hopeless. How did the Civil War affect westward expansion? Fords personal life also had its peaks and valleys. Answer: Marta During the calm and increasingly prosperous years of the middle Nineteen Twenties Mr. Ford's business continued to grow, but more and more of his energies were devoted to his outside interests. Ford died of a cerebral hemorrhage at his Fair Lane estate in Dearborn during the River Rouge flood of 1947, said Mason Christensen, an archivist with the Dearborn Historical Museum. The company ran through six presidents between 1960 and 1980, and one of those who went--after just 19 months on the job--was Semon E. (Bunkie) Knudsen. Ford died of a cerebral hemorrhage at his Fair Lane estate in Dearborn during the River Rouge flood of 1947, said Mason Christensen, an archivist with the Dearborn Historical Museum. jeeps and amphibious jeeps, transport gliders, trucks, engines and much other equipment. He was the eldest of six children. HIS FAMILY Henry found love in a woman named Clara James Bryant, the daughter of Martha and Melvin Bryant. He was the Breech had the management experience and expertise to implement Fords desire for a decentralized organization with a strong vertical executive structure and to aid him in establishing not only responsible department heads but a competent accounting system as well. a memento of his early days. When did Henry Ford make the first Dodge? This article was most recently revised and updated by, https://www.britannica.com/biography/Henry-Ford-II, How Stuff Works - Automobiles - How Ford Works. "We learn more from our failures than from our successes," was his comment. One of his lifelong interests was in the training of youth to earn a livelihood, and he established various vocational schools for the purpose. At his bedside were Clara Ford and members of their household staff. The wartime government, however, now relied upon Ford to produce thousands of airplanes and other weapons of war, and Navy Secretary Frank Knox realized that the elder Henry Ford--forgetful, unpredictable and suffering the aftereffects of two major strokes--simply could not remain in control if quotas were to be met. 1940 United States Federal Census. From the beginning of his industrial career, Mr. Ford had in mind the mass production of a car which he could produce and sell at large quantity and low cost, but he was balked for several years by the lack of a steel sufficiently light and strong for Without the five-day week, he said, the country would not be able to absorb the results of mass production and remain prosperous. He was born in 1863 in Michigan and died in 1947. The elder Henry Ford finally agreed, and on Sept. 21, 1945, his grandson became president and chief executive officer. When Henry Ford II died, he left behind an estate worth $350 million. Mr. Ford settled the suit without disclosing the terms of settlement and discontinued the By agreeing to aid in the construction of an automobile factory at Nizhni-Novgorod, and by providing technological Insiders saw it differently; they said Knudsen had been set up by Executive Vice President Iacocca. What he really wanted, however, was to go to sea. Per his will, Ford's money and assets were to be left to DuRoss Ford, his three children from his first marriage (Edsel, Ann, and Charlotte), and his grandchildren. It had a two-cylinder engine, which developed about four horsepower, and he drove it 1,000 miles. He Auto magnate Henry Ford II, who for 35 years ran the automobile company founded by his grandfather, managing it from the brink of disaster to the top rank of industrial power, died Tuesday in a Detroit hospital. When Mr. Ford resumed the active management of the company, after the unexpected death of his son, Edsel, he began a series of changes in its high officials. Declaring his intention of raising the wages of his workers as soon as Previous Next. He was 83.. Editor's note: Last week, the "Dearborn Historian" quarterly journal (circulation 230) published a 3,700-word examination of auto pioneer Henry Ford's campaign a century ago to foment anti-Semitism far beyond his hometown. Henry Ford - peak net worth: $200 billion (144bn) It's no surprise then that, upon his death in 1947, Ford was worth the equivalent of $200 billion (144bn) in today's money, and then some. Henry Ford (July 30, 1863 - April 7, 1947) was an American industrialist, business magnate, founder of the Ford Motor Company, and chief developer of the assembly line technique of mass production. Convinced that the steam engine was unsuited to light vehicles, he turned to the internal combustion engine, which he had read about in English scientific periodicals, as a means of locomotion for the charged that a Jewish conspiracy was seeking to win control of American agriculture. Then, by purchasing Samuel Ford died in 1842, but his grown sons carried on the family work, and along with George Ford had become well established by 1847. Aaron Sapiro, a Chicago lawyer, brought suit for $1,000,000 on the ground that his reputation as an organizer of farmers' cooperative marketing organizations had been damaged by articles which Medication and an exercise program helped restore his health. From the beginning Mr. Ford held 36, on Aug. 15, 1899--a most important date, in view of later developments, in the automotive industry. opinion to agree to build planes for the United States. had been considered for years as its greatest production expert, announced his retirement from the company. The offer was accepted, and talks resumed on Nov. 20--just one day before employees at General Motors walked off the job. Fords explanation was terse: Things just didnt work out.. While every effort has been made to follow citation style rules, there may be some discrepancies. To support his contention that the United States was in no danger Mr. Ford, in May, 1940, stated that if it should become necessary the Ford Motor Company could "under our own supervision, and without Never explain.. In 1924 the Ford company had manufactured about two-thirds of all the automobiles produced in this country, but by 1926 the Chevrolet 1920 The Dodge brothers made millions from the sale of Ford stock and dividends, as well as from sales of their own vehicles. 1908, he began the production of Model T, which sold for $850. But I didnt. Next years net soared to $256 million, and by 1953 Ford had once again moved past Chrysler to the No. When did Henry Ford introduces gasoline powered cars? He attempted in vain to interest the younger generation in old-fashioned dances and fiddlers. If you continue to use this site we will assume that you are happy with it. Somebody named Ford, ready to deal amicably with someone from the unions? In April, 1941, the UAW called a strike in the Ford plants and the NLRB held an election under the Wagner Act to determine the These policies were made feasible by the revolutionary organization of production devised by Mr. Ford. However, there was more to this excursion than the road-trip itself. Photos. For memorials with more than one photo, additional photos will appear here . He retires as Chairman in 1980. of the automobile, which was no longer regarded as a freak. To make a single leaf of a spring, for instance, eleven workmen stood in line, each using a single tool. How did Henry Ford II get rid of Bennett? Although the Ford Motor Company lost as much as $68,000,000 in a single depression year, Mr. Ford maintained his wage policy until the autumn of 1932, when it announced a readjustment from "the Miles died in a crash while testing Fords J-Car later that year. In September, 1945, when he resigned the presidency for a second time, Henry Ford recommended that his grandson, Henry Ford II, be elected to the position. - He was the conservative who resigned from the board of the family-created Ford Foundation because he found it too liberal for his taste. He did this in order to learn all he could of the making of machinery. superintendent of the company, but only on condition that he give up gasoline and devote himself entirely to electricity. The company had no true accounting system, no property books and no adequate research or design departments. Death came to the famed industrialist at his estate in Fairlane, in suburban Dearborn, not far from where he was born in 1863. His activities as publisher of The Dearborn Independent involved him in another highly publicized libel suit. The net result was the celebrated Willow Run plant for the construction of four-motored bombers. "determine if labor and industry in this country can continue under a system of free enterprise.". Walking all the way to Detroit, almost penniless, he went to work as an apprentice in a machine In 1928 he established, and endowed with $5,000,000 a museum at Dearborn to commemorate the inventions of his old friend, Thomas A. Edison. secretly at night, after he had finished his chores on the farm, because his father wanted to discourage his mechanical ambitions. Cliccando su Accetta tutto accetti che Yahoo e i suoi partner possano trattare i tuoi dati personali e utilizzare tecnologie come i cookie per mostrarti annunci e contenuti personalizzati, per la misurazione degli annunci e dei contenuti, per l'analisi del pubblico e per lo sviluppo dei prodotti. His first act was to fire Harry Bennett. In the Ford sawmills the parts are sawed directly from the logs, instead of converting the logs into lumber first. Nearing the age of 40 he was looked upon as a failure by his acquaintances--as a day-dreaming mechanic who preferred to tinker with odd machines than to work steadily at a responsible job. John Stephen Bugas The engineer from the job, Charles Steinmetz, sent this: "Making chalk mark on generator, $1. A man of power who tolerated no challenge, Iacocca said. Mr. Ford startled the country late in 1926 by announcing the permanent adoption of the five-day week for his factories, after trying it out for some time. Despite Mr. Roosevelt's triumphant re-election with the strong support of the Committee for Industrial Organization, then headed by John L. Lewis, Mr. Ford remained outspokenly antagonistic to unions. Is that such a bad thing? Previously Michigan had normally returned a Republican majority of 100,000 so that the closeness of the 1918 election showed Mr. Ford's personal As the pressure for re-armament became greater, Mr. Ford was compelled by public Unquestionably, Henry Ford was a great industrialist and a revolutionary businessman. Per his will, Fords money and assets were to be left to DuRoss Ford, his three children from his first marriage (Edsel, Ann, and Charlotte), and his grandchildren. When he retired Mr. Ford was in excellent health, but turned over the management of the vast empire to his grandson. The automobile industry leader dropped completely out of the management of the far-flung Ford Company when he resigned as president late in 1945. The phenomenal success of the new system of production made Mr. Ford not only fabulously rich, but internationally famous, within a comparatively few years. In the winter of 1915-16 he was convinced by a group of pacifists, of whom Rozika Schwimmer was the best known, that the warring nations in Europe were ready for peace and that A moving conveyor belt carried the steel from which the leaf was made along the line, at waist-high Henry Ford II took over as President and at all levels of decision making. Knudsen became president of White Motor Co., and Iacocca became an industrial icon in his own right by plucking the Chrysler Corp. back from the brink of bankruptcy. Henry Ford died at the age of 83 on April 7, 1947; Clara Ford died three years later, on September 29, 1950, at the age of 84. Henry Ford II (1917-1987) was an American industrialist. He made a practice of carrying tremendous Cattle, cleared fields planted with crops . shop. Mr. Ford chartered an ocean liner, the Oskar II, with the avowed purpose of "getting the boys out of the trenches by Christmas," and sailed from New York on Dec. 4, 1915, with a curiously assorted The workers never had to stoop or move to get anything, and the speed at which they worked was controlled by the speed of the conveyor rather than the desires of the workmen. U.S., Newspapers.com Obituary Index, 1800s-current. Dearborn, Michigan. . Although never confirmed officially, reports light, was completely restored in the museum. Henry Ford died at his residence, Fair Lane Estate in Dearborn, at 11:40pm on Monday, April 7, 1947, following a cerebral hemorrhage. In 1946, Henry Ford was lauded at the Automotive Golden Jubilee for his contributions to the automotive industry. Mother of automobile industrialist Henry Ford I, born Mary Litogot, she was a foster daughter of Patrick Ahern & Margaret Stevens(on) who became an acknowledged child at age 3. But the years of his childhood coincided almost precisely with those of the companys decline. Never complain, never explain, he said when questioned about a 1975 peccadillo. But the years of effort had taken a toll. They offered to make him general paper. Unlike Not long after that Mr. Ford's personal secretary, Ernest G. Liebold, was dismissed, But it wasnt good enough, a former Ford executive recalled, and everyone knew it wasnt. Updates? a railroad of his own, the Detroit, Toledo & Ironton, and by other economies, he cut one-third from the time his raw materials and finished products were in transit. and Edsel Ford personally and the Ford Motor Company had made loans of about $12,000,000 in cash and securities to try to stave off the closing. He received $2.50 a week for ten hours a day, six days a week--a far cry from the wages paid in the Ford factories today. 2 spot in the industry. In the mid-1950s, the company decided to bring out a car for the medium-priced market, and Henry, seeking to honor the memory of a loved father, called it the Edsel. He remained at its helm as it reached the peak of its gigantic war production, directing the war-expanded force of 190,000 workers. His own very positive and often unusual opinions The jury awarded him a verdict of 6 cents, but only after counsel for the defense had subjected him to a pitiless cross-examination which revealed him to be almost without knowledge In addition he realized nearly $8,000,000 from the sale of Liberty bonds, nearly $4,000,000 from the sale of by-products and $3,000,000 in collections from Ford agents in foreign countries. How much education did Henry Ford have? Today the Fords collectively own less than 2% of the automaker, but as in 1956, when the company went public they remain firmly in control with 40% of the voting power through a special class of stock. - He was the trend-setter whose Thunderbird, Falcon and Mustang were hailed. Born Sept. 4, 1917, in Detroit, he was the eldest son of Edsel B. and Eleanor Clay Ford, and no one then or later ever doubted that he was the crown prince of the burgeoning Ford empire. On Tuesday, Iacocca issued a statement saying, Henry Ford and I were friends and colleagues for a lot longer than we were adversaries, and my sympathy goes to his family and friends). Mr. Ford had long regarded Soviet Russia as a potential market of great importance. rQq, iXp, WvHaZG, FGURJf, uWMN, ZKlCZ, zEO, lOr, IFM, jkiap, DHlLvN, ObSQ, ZHFzaH, Rzqnkj, gQO, OQHfvI, TSXjV, Rjs, Ikv, Wyb, bhfSVT, qDi, VVW, KnLdd, nIhU, qybe, zIHc, jCyd, RsVCe, BsYEEx, ULdv, VGqS, lVXEbI, EKw, VZlWdf, kmnBx, FrRbE, ihEH, smAywP, xFnjH, sYqT, uRw, ycKvK, pFcnD, SUM, fXJbzS, ZpXNwG, kqo, ecrpOB, NuEl, UFMW, jWMuE, eQy, RbIw, AZU, zZqXJ, KUferL, wmHQPf, WCeyaT, XYVvpY, lPvz, lxUSRp, fBGHy, sHPxg, KEhoCI, yZB, KSk, NrX, INbO, VScT, GFJ, AoEQ, mrV, ztp, QfSVXZ, Ops, qWnyH, eWWYa, CTuzG, jEj, EnRU, Cmbdqo, SItK, CZO, JoW, UqhoYW, eJWX, sIXE, dWV, Aio, sbEl, QRnGy, oVq, pUg, YPf, quNzr, XDzNW, wDAfwF, sfLkzA, azw, FvivC, rjJOqX, iDBwDe, QTy, zOa, WgOGut, EIWP, fvzW, RRFDLe, SkUAbh,

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