Ford Business: Fill & Download for Free

I had the same experience with my 2011 Ford F150. It was equipped with the notorious 5.0 V8 which had an out of round #4 cylinder. The symptom was loud piston slap which sounded a lot like an idling diesel engine. Fortunately, I had bought an extended warranty from the dealer, assuming it was backed by Ford. Not so. I took the truck in several times for the problem, which the service rep could not hear. Deaf service rep? Anyway, eventually the dealer decided I had a legitimate claim and kept the truck to repair the engine. After trying to repair the problem (really stupid waste of time), they informed me they must replace the engine. I agreed, of course. Three months later I got my truck back and commented that it was nice to have a truck with a new engine. They informed me that it was a used engine and there was no record of the mileage on the engine. I went home, read my extended warranty, and it specified that used parts were allowed. No more Ford products for me.I have learned a bit about Ford fans from some of your comments. I have disabled comments and removed the comments which show an inability to read with comprehension. Defensive irrationality combined with limited literacy must figure into Ford's business model.

Serenity: Alfred Ford- scion of Ford business empire and a renowned philanthropist- is a practicing Hindu by choice . After interacting with many spiritual masters and psychiatrists alike; he adopted Hindu way of life.Spiritual guidance: Well, Alfred Ford was deeply influenced by Bhakti Vedanta Prabhupada and his interpretation of Bhagwad Gita . [1]He was asked by his Guru or spiritual guide to pray and selflessly work for Krishna- universal lord present in all .Soul journey: Alfred Ford changed his name to Ambarish Das and married an Indian girl Sharmilla Bhattacharya .[2]He also decided to work for lesser lot and has funded many social welfare projects across world .Conclusion: For sanity and spiritual bliss !Pic credit: GoogleNote: Kindly appreciate it without taking offence !Jai Badri Vishal Hare Krishna !Footnotes[1] Alfred Ford: The billionaire bhakt - Times of India[2] A Bengali bou at the Ford home - Times of India

This is another story about Henry Ford, but this time, he’s not the shrewd businessman. Instead, it’s his suppliers, the Dodge brothers.When Henry Ford went to start the Ford Motor Company we know today, he had already started one car company that had gone bankrupt (the Detroit Automobile Company), and walked away from another (the Henry Ford Company, which eventually changed its name to the Cadillac Automobile Company). He needed cash to start again, and he needed a supplier of parts.So in 1903, he made a deal with John and Horace Dodge. They provided him with $7,000 worth of automobile parts and $3,000 cash in exchange for 10 percent ownership of the Ford Motor Company. The Dodge brothers were also to receive all of Ford’s assets if Ford went bankrupt again.The car was the Model T, and Dodge manufactured every part of it except the rubber tires and the wooden seats. It sold well, and the first year, the Dodge brothers received $10,000 in dividends. So the Dodge brothers were making money two ways: once by selling parts to Ford, and again by owning stock in the successful company.This arrangement continued until 1914, when Ford completed a new plant in Detroit. The new plant meant he no longer needed parts from the Dodges as he intended to make his own. Ford offered to lease Dodge’s plant and run it himself, but the Dodge brothers had another idea.They knew all of the strengths and weaknesses of the Model T. Over the years, they’d suggested improvements to it to Henry Ford, but he never agreed to them. So the Dodge brothers now decided to build their own car to compete with the Model T, and incorporate all the improvements the Model T didn’t have. To bankroll the venture, they had their profits from their dealings with Ford, plus the ongoing dividends from their ownership of Ford stock.Not surprisingly, Ford was not happy that his profits were now bankrolling his competitor, so he announced that he’d stop paying dividends. This hurt him personally as he owned 51% of his company. The Dodge brothers sued and got $19 million in back dividends.In 1918, the Dodge brothers sold their Ford stock for $12,500 per share, bringing in $25 million. They had also received about $10 million in dividends between 1903 and 1909 alone. Remember that their original investment was just $10,000 in parts and cash. Because the Dodge brothers made so much money from their business ventures with Henry Ford, business historians consider their investment to be the most profitable in the history of American commerce.