The auto industry is one of the largest business entities in the world with dozens of brands. And each brand operates with a different leadership style from one another. There’s the legendary Henry Ford. There is the contemporary Elon Musk. Including there is Carlos Ghosn who was spectacular but ended “tragically”. They are all great people in their respective times.
The following are 6 of the car industry’s most successful figures.
The name Henry Ford
Founding status of the Ford Motor Company
Born July 30, 1863 in Greenfield Township, Michigan, USA
Died April 7, 1947 in Fair Lane, Dearborn, Michigan, USA
Detroit Business Institute education
Ford pioneered assembly lines in the auto industry, making car manufacturing more efficient and effective.
This economical industry makes car prices affordable, and many people can afford cars. He also revolutionized the American transportation system, as well as the world.
Apart from his innovative approach to the production process, he also provided workers with satisfactory salary increases. This initiative is now known as “Fordism”, namely the mass production of cheap goods at higher wages for workers.
That production method was inspired by Ford’s visit to a local butcher shop. Minimum wages for workers were increased from $ 2.34 to $ 5 in 1914. The best mechanics in Detroit flocked to Ford to work there.
Henry Ford produced the first car that many of the American middle class could afford, including the technicians who worked at Ford.
The Model T was introduced in 1908, … Read More