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Wk 24 (16 June 1903)
Henry Ford1 Founds The Ford Motor CompanyThis Week in HistoryHenry Ford founds a company that will revolutionize industrial production methods.
In 1903, Henry Ford and 11 business associates signed the Ford Motor Company's articles of incorporation2. Established with just $28,000, the company sold its first car, a "Model A Ford", a month later to a doctor in Detroit. In 1913, the company developed a new production method called the "assembly line". It had each worker staying in one place and performing the same task on each car as it passed by. This revolutionary new production method greatly improved efficiency and was soon being used in factories around the world.
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