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8 Automakers Who Were Fired From The Companies They Founded by autojosh: 5:45pm On Oct 08, 2018 |
Henry Ford Founder: Ford Motor Company Nationality: American Henry Ford is famous for being the first automaker to mass produce cars that middle class Americans could afford. In other words, Ford transformed cars from an expensive item only for the rich into common means of transport. He achieved this by sponsoring the development of the assembly line technique of mass producing cars. This significantly influenced the automobile industry in America and enabled millions of Americans to own cars. However, things would take an unfortunate twist. During the World World II, Henry Ford lost daily control of his company. He wrested it back only to lose it again when he was discharged by his grandson. Walter Owen Bentley Founder: Bentley Nationality: British Walter Owen Bentley was an English engineer who designed engines for cars and aircraft, raced cars and motorcycles, and founded Bentley Motors Limited in Cricklewood near London. The cars that he manufactured were popular for their impressive engineering and reliability. But like the typical engineer, Bentley wasn’t the best company manager. His company racked up huge debts in the 1920s before being bought out by Rolls Royce, who let him go in 1935. August Horch Founder: Co-founder of Benz; founder of Audi Nationality: German August Horch was a German engineer and automobile pioneer. He was also the founder of the manufacturing giant, which would eventually become Audi. Prior to co-founding Audi, August Horch was one of the founding fathers of Benz. In 1904, he went solo, founding Horch & Cie. Motorwagenwerke AG. Following a dispute with his chief financial officer, Horch was forced to leave the company and re-establish it yet again in 1910. He could not use his last name anymore because his old company was using it, so he translated his last name, which means “hear” into Latin. And that is how Audi was born. Andre Citroen Founder: Citroen Nationality: French André-Gustave Citroën was a French automaker. He is remembered chiefly for the make of car named after him, but also for his application of double helical gears. The success of Andre Citroen‘s double helical gears made his company the 4th largest automaker in the world. Sadly, he had a major weakness – gambling. His obsessive gambling habit ran him into debt. His indebtedness bit into the company’s finances. It was for this reason that he was fired. David Buick Founder: Buick Nationality: Scottish-born American David Dunbar Buick create one of the most successful oldest surviving nameplates in United States motor vehicle history. He headed this company and its predecessor from 1899 until 1906. David Buick proved to be a much better engineer than CEO. In the early 1900s, under his leadership, the company kept suffering huge financial losses. It was because of this that the new owner then - Billy Durant – got him fired. Durant later used the Buick Company to kick-start General Motors. William Morris (later known as Lord Nuffield) Founder: Morris Motors Nationality: British William Morris was an English motor manufacturer and philanthropist. He was arguably the greatest industrialist of his time. He founded Morris Motors, adding Riley and Wolseley, which together with Austin created the British Motor Corporation, forerunner of British Leyland. But despite his philanthropy and ambition, he was booted out as the Chairman of BL chairman in 1954. Louis Renault Founder: Renault Nationality: French Louis Renault founded one of France’s largest automobile brand. During World World War 1, his factory was used to manufacture armory such as the the first effective tank: the Renault FT tank. In 1909, Renault commenced full-scale automobile production. But sadly, in the 1930s, Renault was accused of collaborating with the Nazis and sent to jail, where he lived out the rest of his days. In 1945, his company was nationalized by the French government headed by Charles De Gaulle. Sakichi Toyoda Founder: Toyota Nationality: Japanese Sakichi Toyoda was a Japanese inventor and industrialist. He started the Toyoda family companies – that was later renamed “Toyota”. However, it was his son, Kiichiro Toyoda, who - in 1935 - established the world's largest automaker, Toyota. Unfortunately, the post-war recession lead to low sales and revenues. Sakichi Toyoda was forced to resign in 1950. https://autojosh.com/8-automakers-who-were-fired-from-the-companies-they-founded/ 17 Likes 4 Shares |
Re: 8 Automakers Who Were Fired From The Companies They Founded by FlintGuevara(m): 6:24pm On Oct 08, 2018 |
Corporate accountability at its best. Bro. Henry Ford may have been an innovative engineer, but he was a bad Mason. He never cared about staff welfare and would have ran the Ford Motor Corporation aground with his unwillingness to ditch the model T. Henry Ford was Harry Benneth's thumbscrew. But for Henry Ford II who was Ford Motor Corporation's saving grace, the company would have faded to Walter Chrysler's and William Durant's willingness to give the American populace what they craved for. 7 Likes |
Re: 8 Automakers Who Were Fired From The Companies They Founded by BennyDGreat: 6:25pm On Oct 08, 2018 |
Quite insightful. 2 Likes |
Re: 8 Automakers Who Were Fired From The Companies They Founded by YorubaEmir: 2:34pm On Oct 09, 2018 |
Re: 8 Automakers Who Were Fired From The Companies They Founded by InfinixMine: 3:51pm On Oct 09, 2018 |
... best standards and practices ... 1 Like |
Re: 8 Automakers Who Were Fired From The Companies They Founded by KosyJerry(m): 3:52pm On Oct 09, 2018 |
Lovely write up/research... Thanks for this 3 Likes |
Re: 8 Automakers Who Were Fired From The Companies They Founded by alphaconde(m): 3:52pm On Oct 09, 2018 |
buhari has invented an anti corruption war which will sack him too 17 Likes 2 Shares |
Re: 8 Automakers Who Were Fired From The Companies They Founded by chloride6: 3:53pm On Oct 09, 2018 |
Eeya....... Aye le o During the World World II, Henry Ford lost daily control of his company. He wrested it back only to lose it again when he was discharged by his grandson. Are you sure Henry Ford is not from ...... 2 Likes 1 Share |
Re: 8 Automakers Who Were Fired From The Companies They Founded by tobtap: 3:53pm On Oct 09, 2018 |
Re: 8 Automakers Who Were Fired From The Companies They Founded by Darkseid(m): 3:53pm On Oct 09, 2018 |
This is the main reason why I hate taking a company public. You'll become an employee in the same company you struggled to build but with big risks comes bigger money. 11 Likes |
Re: 8 Automakers Who Were Fired From The Companies They Founded by BruncleZuma: 3:53pm On Oct 09, 2018 |
Elon Musk go soon join them... 9 Likes |
Re: 8 Automakers Who Were Fired From The Companies They Founded by Nobody: 3:53pm On Oct 09, 2018 |
..... Mugu FukaFuka......... Founder : FukaFuka 1820. Sacked : 2018 . 26 Likes
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Re: 8 Automakers Who Were Fired From The Companies They Founded by Sirheny007(m): 3:54pm On Oct 09, 2018 |
Umunna.. Does this make any sense? Its like chasing a man out of his own house. 3 Likes |
Re: 8 Automakers Who Were Fired From The Companies They Founded by KanwuliaMama: 3:55pm On Oct 09, 2018 |
Innoson take note! 3 Likes |
Re: 8 Automakers Who Were Fired From The Companies They Founded by 10kbelow: 3:56pm On Oct 09, 2018 |
Nice management, many company has gone down because of oga na master 2 Likes |
Re: 8 Automakers Who Were Fired From The Companies They Founded by FirstCounsel(m): 3:56pm On Oct 09, 2018 |
InfinixMine:Not in these climes 1 Like |
Re: 8 Automakers Who Were Fired From The Companies They Founded by itiswellandwell: 3:56pm On Oct 09, 2018 |
Hmm |
Re: 8 Automakers Who Were Fired From The Companies They Founded by JennyOfOldstones(f): 3:57pm On Oct 09, 2018 |
Honourable mention-Elon Musk 3 Likes |
Re: 8 Automakers Who Were Fired From The Companies They Founded by teewhydope(m): 3:58pm On Oct 09, 2018 |
Sirheny007: little did you know Mark Zuckerberg can be fired from facebook. 2 Likes |
Re: 8 Automakers Who Were Fired From The Companies They Founded by Nobody: 4:00pm On Oct 09, 2018 |
Nationality: Japanese Sakichi Toyoda was a Japanese inventor and industrialist. He started the Toyoda family companies – that was later renamed “Toyota”. However, it was his son, Kiichiro Toyoda, who - in 1935 - established the world's largest automaker, Toyota. Unfortunately, the post-war recession lead to low sales and revenues. Sakichi Toyoda was forced to resign in 1950. https://autojosh.com/8-automakers-who-were-fired-from-the-companies-they-founded/ [/quote]false he died in 1930 2 Likes |
Re: 8 Automakers Who Were Fired From The Companies They Founded by Sirheny007(m): 4:00pm On Oct 09, 2018 |
teewhydope: They key is always retaining the highest percentage of shares. 1 Like |
Re: 8 Automakers Who Were Fired From The Companies They Founded by rhythyson: 4:01pm On Oct 09, 2018 |
HOPE YOU PEOPLE ARE NOT TRYING TO SACK INNOSON MY HAND NO DEY OOOO 5 Likes
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Re: 8 Automakers Who Were Fired From The Companies They Founded by teewhydope(m): 4:02pm On Oct 09, 2018 |
Sirheny007: the board of directors can still fire him with that if he mismanages the company's investment 1 Like |
Re: 8 Automakers Who Were Fired From The Companies They Founded by Nobody: 4:07pm On Oct 09, 2018 |
Next person will be Tesla CEO |
Re: 8 Automakers Who Were Fired From The Companies They Founded by Nobody: 4:17pm On Oct 09, 2018 |
Fukafuka:So, you comment today? U too play sha, "Mugu FukaFuka" onye Igbo |
Re: 8 Automakers Who Were Fired From The Companies They Founded by Nobody: 4:17pm On Oct 09, 2018 |
Fukafuka:So, you comment today? U too play sha, "Mugu FukaFuka" onye Igbo |
Re: 8 Automakers Who Were Fired From The Companies They Founded by firo08(m): 4:21pm On Oct 09, 2018 |
I know Africans cannot make the list. |
Re: 8 Automakers Who Were Fired From The Companies They Founded by Newboss(m): 4:29pm On Oct 09, 2018 |
Keep your company private, they won't hear You basically create unnecessary rooms for tension in the society 2 Likes |
Re: 8 Automakers Who Were Fired From The Companies They Founded by teemy(m): 4:31pm On Oct 09, 2018 |
That is nearly all the known names in the car industry! All should take note that being a skilled person on the field does not equate to managerial skills. Not all dreamers can be managers like Joseph. 4 Likes 2 Shares |
Re: 8 Automakers Who Were Fired From The Companies They Founded by deebrownneymar: 4:37pm On Oct 09, 2018 |
Longest time Autojosh 2 Likes |
Re: 8 Automakers Who Were Fired From The Companies They Founded by nuvidoko: 4:40pm On Oct 09, 2018 |
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