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Ford Motor Company

Ford Motor Company: A Century of Automotive Innovation Ford, founded in 1903 by Henry Ford, is a multinational automotive giant headquartered in Dearborn, Michigan. Initially known for pioneering mass production techniques—a system later termed Fordism—the company produces vehicles under the Ford and Lincoln brands. Its influence on industrial manufacturing remains significant. While the Ford family retains significant voting power despite the company's 1956 public listing, Ford's history includes both acquisitions and divestments. Notable acquisitions included Jaguar and Land Rover, later sold to Tata Motors, and Volvo, sold in 2010. The discontinuation of the Mercury brand in 2010 marked another significant strategic shift. Despite financial challenges during the 2008-2010 automotive crisis—a period where it avoided government bailout unlike competitors—Ford has rebounded strongly. In 2018, it ranked eleventh on the Fortune 500 list, showcasing its continued global significance. With approximately 177,000 employees and production of 4.4 million automobiles in 2023, Ford maintains a substantial global presence through joint ventures in China, Taiwan, Thailand, and Turkey. Its 32% stake in Jiangling Motors further solidifies its position in the Chinese market. The company's enduring legacy is marked by continuous adaptation and innovation within the ever-evolving automotive landscape.

Ford Motor Company Overview

Image Source : Wikipedia
  • Company type Public
  • Industry Automotive
  • Founded June 16, 1903
  • Founders Henry Ford
  • Headquarters Ford World Headquarters, Dearborn, Michigan, US
  • Area served Worldwide
  • Key people William Clay Ford Jr. (executive chairman), Jim Farley (president &amp
  • Services Automotive finance, Vehicle leasing, Vehicle service
  • Revenue US$185 billion (2024)
  • Net income US$5.88 billion (2024)
  • Number of employees 171,000 (2024)
  • Subsidiaries Ford Australia, Ford Brazil, Ford Canada, Ford Europe, Britain, France, Germany, Italy, Otosan (41%), Romania, TrustFord, Ford India, Ford New Zealand, Ford Philippines, Ford Southern Africa, Ford Vietnam (75%), Ford Lio Ho (70%), AutoAlliance Thailand (50%), Changan Ford (35%), Jiangling Motors (32%), Ford Credit, BlueOval SK, Ford Drive, Ford Next, Ford Performance, Latitude AI
  • Website www.ford.com

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Ford Motor Company history

Last Updated : 23/03/25, 07:08 PM
Ford Motor Company: A Century of Innovation and Restructuring Founded in 1903 with $28,000 from twelve investors, the Ford Motor Company, under Henry Ford's leadership, revolutionized automobile manufacturing. Early production was modest, but Ford's pioneering implementation of the moving assembly line in 1913 dramatically increased efficiency and affordability, leading to the mass production of the iconic Model T. The company's innovations continued with the Model A, featuring safety glass, and the introduction of the first low-priced V8 engine. Acquisitions of Lincoln, and later Jaguar and Aston Martin, broadened Ford's market reach. International expansion included establishing the Gorky Automobile Plant in the Soviet Union. World War II saw Ford's involvement in military production, including the B-24 Liberator bomber, although this also involved the controversial use of forced labor in some German operations. Post-war, Ford invested in research and development, leading to breakthroughs in superconductivity. The company also introduced significant safety features like seatbelts and childproof locks. The launch of the Mustang in 1964 solidified its place in automotive history. However, the latter half of the 20th century and early 21st century presented challenges, including economic downturns, rising healthcare costs, and increased competition. Responding to these pressures, Ford underwent extensive restructuring, including factory closures, job cuts ("The Way Forward" plan), and a shift towards more fuel-efficient vehicles and hybrid technology. The company navigated the 2008 financial crisis, avoiding bankruptcy, through strategic partnerships, debt restructuring, and government support for the wider automotive industry. In recent years, Ford has focused on electric vehicle development (Ford Model E), while also facing further restructuring and job cuts in Europe and elsewhere as it adapts to the evolving automotive landscape and invests heavily in electric technology, aiming for profitability in this sector by 2026. The introduction of driver assistance technology like BlueCruise, while innovative, has also highlighted ongoing safety concerns.
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