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The company is now considered the second largest automaker in the world. Within one year after its inception, the company brought well-known brands under its name such as Cadillac, Cartercar and Pontiac. The company was originally owned by William Durant but excessive debt cost him the ownership in 1910 when the bank took it over. Durant then started the Chevrolet Motor company. In 1920s, the company sales surpassed those of Ford Motor Company due to brilliant leadership of Alfred Sloan. In the next decade, the company expanded and started Greyhound bus service. During the Second World War, the company faced threat of nationalization from Nazi government. But due to personal and business contacts, the company abandoned its German operations in return for a complete tax write-off. Its post war growth was impressive as General Motors became the first ever U.S. company to pay $1 billion in taxes. It was also the largest automaker at the...
The problems started in 1960s with one model after another receiving poor reviews due to major quality issues. By 1980s, company was losing money due to poor product quality, labor issues and lawsuits. Over the next few years, GM continued to perform poorly. With the launch of Saturn Corporation, it hoped to regain its lost glory but while these units were moderately successful, GM's overall share price continued falling and its market share consistently shrunk. By late 1990s the company had managed to regain its market share and its share price went up to $80. But this new situation was short lived and in 2001 after the September attacks, the company went down again and has been in ruins ever since.
References
History of Ford Motor Company: http://wardsautoworld.com/ar/auto_history_ford_motor/
History of General Motors: http://www.gm.com/corporate/about/history/
The Taurus and Aerostar were star performers in their respective segments, as were the F-series trucks. The Explorer took advantage of the growing SUV market. The company's modern-era market share peaked in the mid-90s, and has come down steadily over the past decade and change. By the mid-00s, Ford was in financial trouble and undertook the leveraging of its assets in order to get the company through a multi-year restructuring
Ford Motor Company -- Flowchart Analysis Ford Motor Company is one of the largest manufacturing companies in the global marketplace. Fiscally, Ford has had two major recent periods; one of prosperity, one of decline. Period #1, the late 1980s to 19979, showed a steady pattern of growth, about 5-7% per annum. Sales in 1998 were down 6%, up 14% in 1999, giving the decade an average of 5.4% growth and a
The economic environment is difficult. The United States may finally be showing signs of emerging from recession, but the recent economic difficulty has taken its toll of Ford. Following the short-lived spike provided by the 'cash for clunkers' program, auto sales have slumped again. Many competitors saw sales fall dramatically in the wake of that program. Ford, however, did not suffer as much. While two of its most popular models,
Ford Motor Company was the only one of America's Big Three automakers to turn down government assistance in 2009. The company wanted to maintain its independence, and believed that the strategies that were in place were going to be sufficient to bring about the financial recovery of the firm. In the past couple of years, the company has revamped its product line, cut its expenses, and sought to take advantage
Ford Motor Company Analysis Ford's History, Development and Growth As Ford Motor Company itself proudly declares, "The dream became a business." The inception of Ford is one of the critical steps in the industrialization of America and the West in general. According to Ford's public relations department, "Ford Motor Company entered the business world on June 16, 1903, when Henry Ford and 11 business associates signed the company's articles of incorporation. With
All of our manufacturing facilities and major suppliers' facilities have attained third-party certification to the standard" (Environment, 2008, p. 2). The company is also actively engaged in ongoing improvements in the environmental performance of its facilities. For example, the company reports that it has reduced global energy use by 27% and global water use by 25% compared to 2000 levels (Environment). The company reports that it seeks to improve