Ford Motor Company | History, Revenue, Headquarters, & Facts

Ford Motor Company

Ford-Introduction

Dearborn, Michigan serves as the home base for American automaker Ford Motor Company, more commonly referred to as Ford. Henry Ford formed it, and on June 16, 1903, it was given legal recognition. Under the Ford brand, the firm sells automobiles and commercial vehicles, while the Lincoln premium brand is used to market luxury vehicles.

In addition, Ford owns a 32 percent stake in Jiangling Motors in China, an 8 percent stake in British automaker Aston Martin, and a stake in the SUV producer Troller in Brazil. The New York Stock Exchange-listed company is majority-owned by the Ford family, who also hold the majority of the voting rights.

Ford pioneered methods for large-scale vehicle manufacturing and industrial labor management through the utilisation of highly engineered production systems characterized by moving assembly lines.

By 1914, Fordism was the name given to these methods all around the world. Ford acquired Jaguar and Land Rover in 1989 and 2000, respectively, before selling them to Tata Motors in March 2008. Volvo, a Swedish automaker, was owned by Ford from 1999 to 2010. 

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Ford-History

Ford and GM’s corporate bonds had both fallen to junk status by 2005 as a result of high U.S. healthcare expenditures for an aging workforce, rising gas prices, declining market share, and undue reliance on declining SUV sales. Profit margins on large automobiles decreased as more “incentives” (such as rebates or low-interest financing) were offered to offset falling demand.

President of the Ford Americas Division Mark Fields was recently hired, and Chairman Bill Ford gave him the task of developing a plan to return the company to profitability in the second half of 2005.

On December 7, 2005, Fields provided a sneak preview of the company’s “The Way Forward” plan. The plan was made public on January 23, 2006. 

Ford-Revenue

The company went public in 1956, but because of unique Class B shares, the Ford family continues to own 40% of the voting rights. The firm, unlike the other two major US manufacturers, experienced financial difficulties during the 2007–2008 financial crisis but did not seek government aid.

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Ford Motors, which has now returned to profitability and had global revenues of $156.7 billion in 2017, was named as the eleventh-best American company overall on the 2018 Fortune 500 list. 

Ford-Conclusion

Ford is the second-largest automaker with a U.S. base and the fifth-largest carmaker in the world, according to automobile production in 2015, behind Toyota, Volkswagen, Hyundai, and General Motors (behind General Motors). At the end of 2010, Ford was the fifth-largest automaker in Europe. 

Henry Ford aided the rise of the middle class. Ford invented the assembly line, which helped to reduce the cost of items that could be mass-produced. In 1914, Ford raised the minimum wage in his plants from $2.34 per day to $5 per day. 

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Keywords

  • British automaker Aston Martin, and a stake in the SUV producer Troller in Brazil.
  • Ford Motors, has now returned to profitability and had global revenues of $156.7 billion in 2017.
  • In 1914, Ford raised the minimum wage in his plants from $2.34 per day to $5 per day.
  • The Swedish automaker was owned by Ford from 1999 to 2010.