Ford files for bankruptcy

Convinced that automobiles were the way of the future and backed by several investors, he left his job to start the Detroit Automobile Company in Undeterred, Henry Ford saw bankruptcy as a clean slate and continued with his passion. This time he had more experience under his belt and could correct the mistakes he made with Detroit Automobile Company.

Ford forged on by creating the new simple, sturdy, cheap Model T design. He also utilized the famous moving assembly line that increased productivity immensely. The demand from all of those countries for our cheap oil will adjust the price up. The escalating tensions with Iran will be focusing on the Strait of Hormuz. If Iran were to close the strait oil prices would skyrocket. A black swan event is when an unexpected catastrophic incident cranks oil prices up-be they natural or man-made.

If this were to happen, there are too many fuelish alternatives for your F gas guzzler. F sales would absolutely flatten out. And, nice used Fs would become almost worthless overnight. Some of the handwriting is already on the wall. Sales of Ford vehicles there dropped by over a quarter. Mail will not be published Required. Follow stuartalichtman on Twitter. Stuart's Blog Success Blog. How many times did Henry Ford go bankrupt before making it big? How about you? How did Abraham Lincoln win his first Presidency, essentially without campaigning?

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