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1920 Ford T-Model |
Car Auto Online | Ford | Car Review | Ford (Ford Motor Company) is an American multinational
car manufacturer based in Dearborn, Michigan, a suburb of Detroit. The
Ford Motor Company was founded by
Henry Ford and incorporated on June 16, 1903. In addition to the
Ford and
Lincoln brands,
Ford also owns a small stake in
Mazda in
Japan and
Aston Martin in the
UK.
Ford's former UK subsidiaries
Jaguar and
Land Rover were sold to
Tata Motors of
India in March 2008. In 2010
Ford sold
Volvo to
Geely Automobile.
Ford discontinued the
Mercury brand after the 2011 model year.
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1930 Ford A Tudor Sedan |
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.
Henry Ford's methods came to be known around the world as Fordism by 1914.
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1970 Ford Mustang Mach 1 |
Ford is the second
largest automaker in the U.S. and the fifth-largest in the world based on annual
vehicle sales in 2010. At the end of 2010,
Ford was the fifth
largest automaker in Europe.
Ford is the eighth-ranked overall American-based company in the 2010 Fortune 500 list, based on global revenues in 2009 of $118.3 billion. In 2008,
Ford produced 5.532 million automobiles and employed about 213,000 employees at around 90 plants and facilities worldwide. During the automotive crisis,
Ford's worldwide unit volume dropped to 4.817 million in 2009. In 2010,
Ford earned a net profit of $6.6 billion and reduced its debt from $33.6 billion to $14.5 billion lowering interest payments by $1 billion following its 2009 net profit of $2.7 billion.
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2000 Ford Taurus |
Ford was one of the world's ten largest companies by revenue in 1999 and ranked as one of the most profitable companies in the world and number two automaker in the world. Since 2007,
Ford received more initial recognition of price and quality of JD Power and Associates than any other manufacturer. Five of the vehicles
Ford was at the top of its class, and fourteen vehicles ranked in the top three. -
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