#FordMotorCompany

Regardless of what you may read elsewhere today, October 7, 1913 was not when the first automotive assembly line was started up. Yes, 100 years ago today, after some experimentation at the Piquette Ave. factory, and then tested with magneto assembly, Henry Ford’s lieutenants at his Highland Park factory for the first time started up a moving conveyor line for the assembly of complete Model T automobiles. Ford Motor Company, though, was not the first automobile manufacturer to use an assembly line process.

‘Good job, Al’, ‘Thanks Bill’

For the 16th consecutive quarter, Ford Motor Co. profits have risen, with the Dearborn automaker reporting a 2nd quarter 2013 profit of $1.23 billion, up 18.6% from 2012, working out to 45¢ per share, exceeding analysts’ projections of 37 cents a share. Pretax profit for the quarter was up 40% to $2.56 billion. The company said that it set records for pre-tax profits in both the 2nd quarter and 1st half of 2013, making $4.8 billion in the first six months of the year.