, Henry 1863–1947.
ford, henry - Investment & Finance Definition
The founder of Ford Motor Company, which created the first inexpensive, mass-produced cars. In 1908, Ford introduced the low-cost Model T, which sold for $850 to $1,000. Later the price was lowered to $300. Ford also is known for creating a production line that removed excess movement and processes from the production process. He also reduced the work day to eight hours from nine.