Word: forde
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
...Henry Ford II had obligated himself to pay out a whopping $39 million more. Yet, on the company's own figures, it was already losing $300 on every car it made. Unless the steel strike ends shortly, the company will have to shut down tight. Closing down, according to Ford, costs $400,000 daily. Then why had the company made the deal...
...first generation's Henry Ford had gambled on the $5-a-day wage and his industrial genius to land him atop the auto heap. Now, the third generation's Henry Ford II was taking another gigantic risk. The stakes were just as big. Young Henry hoped to put the company once more on top-or lose his shirt trying...
...What Ford lost, General Motors and Chrysler, sharp-eared to customer demand, gained. Ford profits, which had in 1929 run upwards of $80,000,000, shrank with the market. Secretive Ford Motor Co. gives out no earnings statement. But the balance sheet it files with the Massachusetts Commissioner of Corporations gives a reasonable estimate of the financial scene...
...boom year. The war years checked the trend. Profits (as indicated by changes in the company's surplus account) rose to an average $24,000,000 a year, But there was new trouble. Hobbled by 773 strikes in four and a half years, the efficiency of Ford workers dropped some 34%, far more, according to trade gossip, than any other auto com pany. As long as Uncle Sam paid the bills, the company could swim. In peace this labor sabotage was enough to sink...
...from executive payrolls. He brought in bright, alert young men to train into a new elite production staff, upped likely young men from his own plants, puffed new life into his sales force. In his spare time, he hustled around the country, visiting as many as he could of Ford's 6,200 dealers. In easy, confidential tones, he bolstered them up by letting them in on the company's future plans to try to keep them supplied with all the cars they could sell...