 | |
| Type | Public (NYSE: F) |
|---|---|
| Founded | June 16, 1903 |
| Founder(s) | Henry Ford |
| Headquarters | Dearborn, Michigan, United States |
| Area served | Worldwide |
| Key people | William C. Ford, Jr. (Executive Chairman) Alan R. Mulally (President) & (CEO) |
| Industry | Automotive |
| Products | Mainstream/Performancevehicles Automotive parts |
| Services | Automotive finance, Vehicle leasing, Vehicle service |
| Revenue | ▼ US$146.277 billion (2008)[1] |
| Operating income | ▼ US$(-9.293) billion (2008)[2] |
| Net income | ▼ US$(-14.672) billion (2008)[1] |
| Total assets | ▼ US$222.977 billion (2008)[3] |
| Total equity | ▼ US$(-17.311) billion (2008)[3] |
| Employees | 87,700 (US, 2008)[4] 213,000 (World, 2008)[5] |
| Divisions | Ford Credit Ford division Lincoln Mercury Premier Automotive Group |
| Subsidiaries | Automotive Components Holdings Mazda (13% minority) Volvo (cars only) |
| Website | Ford.com |
The Ford Motor Company (NYSE: F) is an American multinational corporation and the world's fourth largest automaker based on worldwide vehicle sales, following Toyota, General Motors, and Volkswagen. Based in Dearborn, Michigan, a suburb of Detroit, the automaker was founded by Henry Ford and incorporated on June 16, 1903. In addition to the Ford, Lincoln, and Mercury brands, Ford also owns Volvo Cars ofSweden, and a small stake in Mazda of Japan and Aston Martin of England. Ford's former UK subsidiaries Jaguar and Land Rover were sold toTata Motors of India in March 2008.
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 Fordismby 1914.
In 2007, Ford fell from the second-ranked automaker to the third-ranked automaker in US sales for the first time in 56 years, behind General Motors and Toyota. Based on 2007 global sales, Ford fell to the fourth-ranked spot behind Volkswagen. By 2009, Ford had become the second largest automaker in Europe (only behind Volkswagen), with large markets in the United Kingdom and Germany and sales that exceed those in the United States.[6] Ford is the seventh-ranked overall American-based company in the 2008 Fortune 500 list, based on global revenues in 2008 of $146.3 billion.[7] In 2008, Ford produced 5.532 million automobiles[8] and employed about 213,000 employees at around 90 plants and facilities worldwide.[5] Starting in 2007, Ford received more initial quality survey awards from J. D. Power and Associates than any other automaker. Five of Ford's vehicles ranked at the top of their categories[9] and fourteen vehicles ranked in the top three.[10]
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