History of Ford Motor Company
Ford Motor Company is an American automaker and world’s five largest automaker based on global vehicle sales. The Company is an American multinational automaker headquartered in Dearborn, Michigan (United States) a suburb of Detroit. It was founded by Henry Ford and incorporated on June 16th 1903. The Ford Motor Company would go on to become one of the biggest and mainly profitable companies in the world, however being one of the few to survive the Great Depression. The largest family-controlled corporation in the world.The Ford Motor group has been in continuous family manages for over 110 years. The Ford Motor company sells automobiles and commercial vehicles under the Ford brand and most luxury cars under the Lincoln brand. Ford Motor Company also owns Brazilian SUV manufacturer Troller and Australian presentation car manufacturer F.P.V. Formerly it has also produced tractors and automotive components. Ford owns a 2.1% stake in Mazda of Japan, an 8% stake in Aston Martin of the UK and a 49% stake in Jiangling of China. It also has a figure of joint ventures, two in China (Ford Lio Ho and Changan Ford Mazda), one in Thailand (Auto Alliance Thailand), one in Turkey (Ford Otosan), and one in Russia (Ford Sollers). It’s listed on the New York Stock Exchange and is controlled by the Ford family, though they have minority ownership. It’s described by Forbes as “the most important industrial company in the history of the United States.”
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 United Kingdom subsidiaries Land Rover and Jaguar, acquired in 1989 and 2000 respectively, were sold to Tata Motors in 2008. Ford owned the Swedish automaker Volvo from 1999 to 2010. Ford discontinued the Mercury brand in 2011, under which it had marketed entry-level luxury cars in the USA, Mexico, Canada, and the Middle East since 1938.
Ford is the second-largest American based automaker preceded by GM (General Motors) and the 5th-largest in the globe based on 2010 vehicle sales. At the finish of 2010, Ford was the 5th largest automaker in Europe. Ford is the 18-ranked overall U.S.-based company in the 2010 Fortune 500 list, based on worldwide revenues in 2009 of $118.3 billion. Ford produced 5.532 million automobiles in 2008 and employed about 213,000 employees at approximately 90 plants and facilities international.
Ford Motor Company Website: www.ford.com
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