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Ford Motors celebrates Model T
Karachi News.Net
Monday 21st July, 2008
In the US, the Ford Motor Company is marking the 100th anniversary of the Model T.
The Model T was the first low-priced car that introduced motoring to the masses.
In the week long celebration of the Model T, about 750 of the iconic vehicles have been put on display in Richmond, Virginia.
The first production Model T Ford was assembled in Detroit on October 1, 1908.
With the development of the sturdy, low-priced car, Henry Ford made his company the biggest in the industry.
In a span of 19 years, Ford would build 15 million cars with the Model T engine.
The Model T, nicknamed the "Tin Lizzie," transformed cities around the world, enabling residents to move farther away from the cities and creating the first ring of suburbs.
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Comments on this story
spydrz
07-22-08, 06:24 PM |
Ford Motors celebrates Model T
Richmond, Indiana...not Richmond, Virginia...
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waltky
07-25-08, 02:18 AM |
Moving away from gas guzzler SUV’s...
:cool:
Ford speeds up move to small cars
July 25, 2008 - FORD has announced plans to accelerate its vast restructuring plan after the auto giant posted its worst quarterly loss in history.
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The carmaker has now lost nearly $US24 billion ($25bn) since 2006 and recently backed off plans to return to profitability by 2009 as high fuel prices and a weak US economy have substantially cut demand in its home market. This latest revision to Ford’s restructuring plan includes a small-car and fuel-efficiency offensive in reaction to what the carmaker considers a permanent shift away from petrol-guzzling pick-up trucks and large sport utility vehicles (SUVs).
Ford would also accelerate plans to streamline its global operations and will reduce the number of vehicle platforms it offered to nine from 25, Ford president and chief executive Alan Mulally said. “We continue to take fast and decisive action implementing our plan and responding to the rapidly changing business environment,'' he said.
“Our European and South American operations are robust and profitable. We have momentum in Asia. And we are uniquely positioned to leverage our global assets and the global strength of the Ford brand to quickly bring more small, fuel-efficient vehicles to North America.'' Ford said it was speeding up its reorganisation in North America “because of deteriorating economic conditions'' that have hurt demand for cars and due to “a significant shift'' away from large pickup trucks and traditional SUVs.
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http://www.news.com.au/business/story/0,27753,24075284-31037,00.html[/url]
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