Ford Motor Company, an international American automaker, has its headquarters in Dearborn, Michigan. Henry Ford founded it, and on June 16, 1903, it became a legal entity. Under the Ford brand, the company sells cars and commercial vehicles, while the Lincoln brand is used for luxury vehicles.
and luxury automobiles under the Lincoln name. In addition, Ford holds a 32% stake in Jiangling Motors in China. The Ford family controls the company, which is listed on the New York Stock Exchange; they hold a minority stake but the majority of the voting rights.
With the use of intricately engineered production processes typified by moving assembly lines, Ford introduced techniques for large-scale automobile manufacturing and management of an industrial workforce. By 1914, these techniques were referred to as Fordism throughout the world. Ford sold Jaguar and Land Rover, its former UK subsidiaries, to Tata Motors in March after purchasing them in 1989 and 2000, respectively.
Based on projected vehicle production through 2022, Ford will be the sixth-largest automaker in the world (behind Toyota, Volkswagen Group, Hyundai Motor Group, Stellantis, and General Motors) and the second-largest automaker in the United States (behind General Motors).
Ford was Europe’s fifth-largest automaker at the end of 2010. The company went public in 1956, but the Ford family still holds 40% of the voting rights thanks to special Class B shares. Despite facing financial difficulties during the 2007–2008 financial crisis, the company—unlike the other two major US automakers—did not require government assistance. Based on global revenues of $156.7 billion in 2017,
Conclusion
Ford Motor Company is one of the biggest automakers in the world and also a major truck manufacturer. The Henry Ford Company implemented the assembly line method of mass production and made the cars accessible to consumers in the middle class.
Based on total sales, Ford is the second-largest car manufacturer in the US, behind only General Motors. Hertz Corporation, the biggest provider of automotive financing and a car rental company globally, is one of Ford’s subsidiaries. Ford sells cars under the ford, Lincoln, Mazda, Mercury, and Volvo namesakes.