The company came into existence

Henry ford started to manufacture automobiles in the year 1896in his garage he named his first four wheeler as quadricycle, and then he started his company which was named Detroit automobile company. He re-named the company to Henry ford company in1901. The company’s policy was value for money. After the company went under some financial problems he left his company with 900 dollars and rights to his name . With the help of his acquaintance alexander y malcomsom he asked him to fund a new automobile company. malcomsom started investing in for and the company name was ford and malcomsom. They had to purchase many parts for their automobile and then they went overboard on expenses so malcomsum was constrained to his exiting coal business so he asked his uncle and a friend john s gray who was president of a German savings bank. He asked his gray’s help because this would attract many investors.

 June 16 1903 ford company was incorporated with 12 investors and a total of 1000 shares were created out of which 51% of shares were owned by malcomson (255 shares) and ford (255 shares).

The following year the company made a profit of $37000. This was quite a start to the company which had no idea what would the future of the company.

Second year the company made almost 300% growth in the company and the total income that year was recorded 300000$.this was year1095 and there was lot of fights going on between malconson and henry as malconson was only a investor as he had to manage his coal business , ford was working day and nights to make a company he dreamt of this fight was won by ford as gray supported ford and malconson had to sell his shares to henry ford . this was just not it there was a sudden incident in the year 1906 which not only changed the face of the company. This was the death of gray . this put an end to gray’s president post and henry ford became the president of the company . There was also a case which was registered against ford for patents for gasoline run automobiles .this case was later dismissed in the year 1911 after many years of fighting in the court.