Ford Corporation

In: Business and Management

Submitted By laetitiakalombo
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Ford Motor Company (also known as simply Ford; NYSE: F), is an American multinational automaker headquartered in Dearborn, Michigan, a suburb of Detroit. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells its vehicles under the Ford and Lincoln brands. Ford also owns small stakes in Mazda of Japan and Aston Martin of the United Kingdom. The company is controlled by the Ford family, although they have minority ownership.[2]

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 Fordism by 1914. Ford's former UK subsidiaries Jaguar and Land Rover were sold to Tata Motors of India in March 2008. Ford owned the Swedish automaker Volvo from 1999 to 2010.[3] Ford discontinued the Mercury brand after the 2011 model year.

Ford is the second-largest U.S.-based automaker and the fifth-largest in the world based on 2010 vehicle sales.[4] At the end of 2010, Ford was the fifth largest automaker in Europe.[5] Ford is the eighth-ranked overall American-based company in the 2010 Fortune 500 list, based on global revenues in 2009 of $118.3 billion.[6] In 2008, Ford produced 5.532 million automobiles[7] and employed about 213,000 employees at around 90 plants and facilities worldwide. During the automotive crisis, Ford's worldwide unit volume dropped to 4.817 million in 2009. In 2010, Ford earned a net profit of $6.6 billion and reduced its debt from $33.6 billion to $14.5 billion lowering interest payments by $1 billion following its 2009 net profit of $2.7…...

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