First company to reach one million automobiles sold

Although a firm isn't a person, the owner of this particular one had complete control over every element of its operations. The Ford Motor Company was the first business to sell 1 million cars, a milestone it attained with the help of the well-known Model T. After seven years of manufacture, Ford sold its millionth automobile in 1915. Henry was present to see the final Model T roll off the production line in 1927. Ford went on to sell 15 million Model Ts.

Ford's Model T was successful because of a number of breakthroughs that dominated the auto industry for more than a century. The advancements went beyond just making the vehicle straightforward to assemble. Ford reduced the price of the Model T while also increasing worker pay so that they could afford the goods they produced. "I shall develop a motor automobile for the broad multitude...so low in price that no man having a good salary will be unable to own one," Henry declared of his Model T. The appropriate good compensation was then given to his employees.

Ford, though, was so frugal that he made charcoal out of wood scraps left over from making the Model T. Each Model T was constructed using more than 100 board feet of wood. Ford created a business town and sawmill in Michigan to get the necessary timber. He built a charcoal production facility that was designed by his buddy Thomas Edison using scrap wood from the mill. Ford Charcoal, which was only offered through his vehicle dealers at first, changed its name to Kingsford Charcoal in 1951.