Analysis on Ford Motors

Ford Motor Company (also known as simply Ford) 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 automobiles and commercial vehicles under the Ford brand and luxury cars under the Lincoln brand. In the past it has also produced heavy trucks, tractors and automotive components. Ford owns small stakes in Mazda of Japan and Aston Martin of the United Kingdom.

It is listed on the New York Stock Exchange and is controlled by the Ford family, although they have minority ownership. 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 UK subsidiaries Jaguar and Land Rover, acquired in 1989 and 2000 respectively, were sold to Tata Motors in March 2008.

Ford owned the Swedish automaker Volvo from 1999 to 2010. [3] In 2011, Ford discontinued the Mercury brand, under which it had marketed entry-level luxury cars in the United States since 1938. Ford is the second-largest U. S. -based automaker and the fifth-largest in the world based on 2010 vehicle sales. At the end of 2010, Ford was the fifth largest automaker in Europe. 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. In 2008, Ford produced 5.

532 million automobiles and employed about 213,000 employees at around 90 plants and facilities worldwide. In 1908 Ford introduced the first engine with a removable cylinder head, in the Model T. In 1930, Ford introduced the Model A, the first car with safety glass in the windshield. Ford launched the first low priced V8 engine powered car in 1932. Ford offered the Lifeguard safety package from 1956, which included such innovations as a standard deep-dish steering wheel, optional front, and, for the first time in a car, rear seatbelts, and an optional padded dash.

Ford introduced child-proof door locks into its products in 1957, and in the same year offered the first retractable hardtop on a mass-produced six-seater car. The Ford Mustang was introduced in 1964. In 1965 Ford introduced the seat belt reminder light. With the dawn of the new century, legacy healthcare costs, higher fuel prices, and a faltering economy led to falling market shares, declining sales, and diminished profit margins. Most of the corporate profits came from financing consumer automobile loans through Ford Motor Credit Company.

Products and services Automobiles As of 2012 Ford Motor Company sells a broad range of automobiles under the Ford marque worldwide, and an additional range of luxury automobiles under the Lincoln marque in the United States. The company has sold vehicles under a number of other marques during its history. The Mercury brand was introduced by Ford in 1939, continuing in production until 2011 when poor sales led to its discontinuation. In 1958, Ford introduced the Edselbrand, but poor sales led to its discontinuation in 1960.

In 1985, the Merkur brand was introduced in the United States to market products produced by Ford of Europe; it was discontinued in 1989. Trucks In 2001, the company entered into a joint venture with Navistar International to produce medium duty commercial trucks. The first new model from the new corporation, known as Blue Diamond Truck Company LLC, was the 2006 model year LCF, the first Ford branded cab-over-engine design in the United States since Freightliner’s acquisition of theCargo in the mid-1990s.