Henry Ford：My Life and Work, Additional Excerpt 202

Our sales eventually fell off as all other sales fell off. We had a large inventory and, taking the materials and parts in that inventory at their cost price, we could not turn out a car at a price lower than we were asking, but that was a price which on the turn of business was higher than people could or wanted to pay. We closed down to get our bearings. We were faced with making a cut of $17,000,000 in the inventory or taking a much larger loss than that by not doing business. So there was no choice at all.

Source： https://www.gutenberg.org/ebooks/7213
Locator：Additional excerpt 202 · Verified：2026-10-19 · Verification：Short excerpt

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