Ford Motor Company

"FORD" redirects here. For other uses, see Ford (disambiguation).

Ford Motor Company
Company typePublic
IndustryAutomotive
PredecessorHenry Ford Company
FoundedJune 16, 1903; 121 years ago (1903-06-16) in Detroit, Michigan, U.S.[1]
FounderHenry Ford
HeadquartersFord World Headquarters,
Dearborn, Michigan
,
U.S.
Area served
Worldwide
Key people
Products
Production output
Increase 4.4 million vehicles (2023)
Brands
Services
RevenueIncrease US$176.2 billion (2023)
Increase US$5.46 billion (2023)
Increase US$4.33 billion (2023)
Total assetsIncrease US$273.3 billion (2023)
Total equityDecrease US$42.80 billion (2023)
OwnerFord family (2% equity; 40% voting power)
Number of employees
177,000 (2023)
Divisions
  • Ford Blue
  • Ford Model E
  • Ford Pro
Subsidiaries
List
Websiteford.com
Footnotes / references
[2][3][4][5][6]

Ford Motor Company (commonly known as Ford) is an American multinational automobile manufacturer headquartered in Dearborn, Michigan, United States. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobiles and commercial vehicles under the Ford brand, and luxury cars under its Lincoln brand. The company is listed on the New York Stock Exchange and is controlled by the Ford family. They have minority ownership but a plurality of the voting power.[5][7]

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.[8] In the third quarter of 2010, Ford discontinued the Mercury brand, under which it had marketed upscale cars in the United States, Canada, Mexico, and the Middle East since 1938.[9]

Ford is the second-largest U.S.-based automaker, behind General Motors, and the sixth-largest in the world, behind Toyota, Volkswagen Group, Hyundai Motor Group, Stellantis, and General Motors, based on 2022 vehicle production.[10] At the end of 2010, Ford was the fifth-largest automaker in Europe.[11] The company went public in 1956 but the Ford family, through special Class B shares, retain 40 percent of the voting rights.[5][12] During the 2008–2010 automotive industry crisis, the company struggled financially but did not have to be rescued by the federal government, unlike the other two major US automakers.[13][14] Ford Motors has since returned to profitability,[15] and was the eleventh-ranked overall American-based company in the 2018 Fortune 500 list, based on global revenues in 2017 of $156.7 billion.[16] In 2023, Ford produced 4.4 million automobiles, and employed about 177,000 employees worldwide. The company operates joint ventures in China (Changan Ford), Taiwan (Ford Lio Ho), Thailand (AutoAlliance Thailand), and Turkey (Ford Otosan). Ford owns a 32% stake in China's Jiangling Motors.[17][18]

  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. ^ "Ford Motor Company 2021 Annual Form 8-K Report" (PDF). cloudfront.net. December 31, 2021. Retrieved February 4, 2022.
  3. ^ "Ford Motor Company 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 7, 2024. Retrieved February 11, 2024.
  4. ^ "Ford Motor Company: Shareholders, managers and business summary". 4-Traders. France. Archived from the original on July 18, 2018. Retrieved May 15, 2016.
  5. ^ a b c Rogers, Christina (May 12, 2016). "Shareholders Again Back Ford Family". The Wall Street Journal. Archived from the original on September 30, 2019. Retrieved September 16, 2016.
  6. ^ Howard, Phoebe Wall (March 2, 2022). "Ford reveals radical plan to restructure automaker into three business units". Detroit Free Press. Retrieved March 3, 2022.
  7. ^ 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.
  8. ^ "Ford Motor Company Completes Sale of Volvo to Geely" (Press release). Ford Motor Company. August 2, 2010. Archived from the original on August 3, 2010. Retrieved August 2, 2010.
  9. ^ Maynard, Micheline (June 2, 2010). "Ford to End Production of Its Mercury Line". The New York Times.
  10. ^ "Top 15 Automakers in the World | Car Sales Rank Worldwide". F&I Tools.
  11. ^ "New Passenger Car Registrations by Manufacturer European Union (EU)". ACEA. Archived from the original on September 27, 2011. Retrieved January 28, 2011.
  12. ^ 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.
  13. ^ "Bush announces $17.4 billion auto bailout". Politico. December 19, 2008. Retrieved April 8, 2022.
  14. ^ "Stopgap auto bailout to help GM, Chrysler". CNN Money. December 19, 2008. Retrieved April 8, 2022.
  15. ^ Hammond, Lou Ann (January 13, 2011). "How Ford stayed strong through the financial crisis". Fortune. Archived from the original on July 2, 2018. Retrieved December 20, 2017.
  16. ^ "Ford Motor". Fortune. Archived from the original on August 23, 2019. Retrieved November 9, 2018.
  17. ^ "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.
  18. ^ "Jiangling Motors Corporation, Ltd. 2022 Annual Report" (PDF). www.sina.com.cn. March 2023. p. 64. Retrieved May 10, 2024.