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Ford Motor Company

Coordinates: 42°18′53″N 83°12′38″W / 42.31472°N 83.21056°W / 42.31472; -83.21056

Ford Motor Company
FoundedJune 16, 1903 (1903-06-16)[1]
FounderHenry Ford
Area served
Worldwide (Except Cuba, North Korea, Iran, Sudan and Japan)
Key people
Production output
Decrease 5.5 million vehicles (2019)[2]
RevenueDecrease US$155.9 billion (2019)[2]
Decrease US$574 million (2019)[2]
Decrease US$47 million (2019)[2][3][4]
Total assetsIncrease US$258.537 billion (2019)[2]
Total equityDecrease US$33.23 billion (2019)[2]
Number of employees
190,000 (December 2019)[2]

The Ford Motor Company, commonly known as Ford, is an American multinational automaker that has its main headquarters in Dearborn, Michigan, a suburb of Detroit. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobiles and commercial vehicles under the Ford brand, and most luxury cars under the Lincoln brand. Ford also owns Brazilian SUV manufacturer Troller, an 8% stake in Aston Martin of the United Kingdom and a 32% stake in Jiangling Motors.[7] It also has joint-ventures in China (Changan Ford), Taiwan (Ford Lio Ho), Thailand (AutoAlliance Thailand), Turkey (Ford Otosan), and Russia (Ford Sollers). The company is listed on the New York Stock Exchange and is controlled by the Ford family; they have minority ownership but the majority of the voting power.[8][6]

Ford introduced methods for large-scale manufacturing of cars and large-scale management of an industrial workforce using elaborately engineered manufacturing sequences typified by moving assembly lines; by 1914, these methods were known around the world as Fordism. Ford's former UK subsidiaries Jaguar and Land Rover, acquired in 1989 and 2000 respectively, were sold to the Indian automaker Tata Motors in March 2008. Ford owned the Swedish automaker Volvo from 1999 to 2010.[9] In 2011, Ford discontinued the Mercury brand, under which it had marketed entry-level luxury cars in the United States, Canada, Mexico, and the Middle East since 1938.

Ford is the second-largest U.S.-based automaker (behind General Motors) and the fifth-largest in the world (behind Toyota, Volkswagen, Hyundai-Kia and General Motors) based on 2015 vehicle production. At the end of 2010, Ford was the fifth largest automaker in Europe.[10] The company went public in 1956 but the Ford family, through special Class B shares, still retain 40 percent voting rights.[11][6] During the financial crisis at the beginning of the 21st century, it struggled financially to the point of collapse which was in large part prevented by President George W. Bush announcing his emergency financial rescue plan to help Ford Motors as well as Chrysler LLC and General Motors, making immediately available $13.4 billion to the automaker.[12] Ford Motors has since returned to profitability.[13] Ford was the eleventh-ranked overall American-based company in the 2018 Fortune 500 list, based on global revenues in 2017 of $156.7 billion.[14] In 2008, Ford produced 5.532 million automobiles[15] and employed about 213,000 employees at around 90 plants and facilities worldwide.

  1. ^ Hyde, Charles K. (June 2005). "National Historic Landmark Nomination – Ford Piquette Avenue Plant" (PDF). National Park Service. p. 11. Archived from the original (PDF) on February 22, 2017. Retrieved August 18, 2017.
  2. ^ a b c d e f g "Ford Motor Company 2019 Annual Report (Form 10-K)" (PDF). sec.gov. U.S. Securities and Exchange Commission. January 2020. Archived (PDF) from the original on February 19, 2020. Retrieved February 19, 2020.
  3. ^ "Ford Motor Company (F) Company Profile, News, Rankings". Fortune. Archived from the original on August 6, 2020. Retrieved May 25, 2020.
  4. ^ "Ford Motor Company (F) Income Statement". Yahoo Finance. Archived from the original on June 14, 2020. Retrieved May 25, 2020.
  5. ^ a b "Ford Motor Company company : Shareholders, managers and business summary". 4-Traders. France. Archived from the original on July 18, 2018. Retrieved May 15, 2016.
  6. ^ a b c Rogers, Christina (May 12, 2016). "Shareholders Again Back Ford Family". Wall Street Journal. Archived from the original on September 30, 2019. Retrieved September 16, 2016.
  7. ^ "Jiangling Motors Corporation, Ltd. 2017 Annual Report" (PDF). JMC. pp. 27, 29. Archived from the original (PDF) on April 12, 2019. Retrieved February 1, 2019 – via Sohu.
  8. ^ Muller, Joann (December 2, 2010). "Ford Family's Stake Is Smaller, But They're Richer And Still Firmly In Control". Forbes. Archived from the original on June 20, 2019. Retrieved August 31, 2016.
  9. ^ "Ford Motor Company Completes Sale of Volvo to Geely". Ford Motor Co. August 2, 2010. Archived from the original on August 3, 2010. Retrieved August 2, 2010.
  10. ^ "New Passenger Car Registrations by Manufacturer European Union (EU)". ACEA. Archived from the original on September 27, 2011. Retrieved January 28, 2011.
  11. ^ Muller, Joann (March 9, 2014). "William Clay Ford's Legacy Cemented Family's Dynasty". Forbes. Archived from the original on November 16, 2018. Retrieved August 28, 2017.
  12. ^ Encyclopedia Britannica. "Ford Motor Company | History & Facts". Encyclopedia Britannica. Encyclopedia Britannic. Retrieved February 1, 2021.
  13. ^ Hammond, Lou Ann. "How Ford stayed strong through the financial crisis - Jan. 13, 2011". Fortune. Archived from the original on July 2, 2018. Retrieved December 20, 2017.
  14. ^ "Ford Motor". Fortune. Archived from the original on August 23, 2019. Retrieved November 9, 2018.
  15. ^ "Ford Motor Company / 2008 Annual Report, Operating Highlights" (PDF). p. 1. Archived from the original (PDF) on April 19, 2011. Retrieved September 19, 2010.

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