Ford Motor Company
The Ford Motor Company (FMC; often known as Ford) is an American multinational automaker, founded on June 16, 1903 by Henry Ford. Ford, which owns the luxury vehicle manufacturer Lincoln, was the second-largest automaker, after General Motors, 1931 to 2004. Formerly, Ford also owned the following brands:
- Mercury (1939–January 2011; discontinued)
- Aston Martin (1987–March 2007)
- Mazda (owned a 33.4 % controlling-stake in Mazda 1996 to November 2008)
- Jaguar (1989–June 2, 2008; sold to Tata Motors)
- Land Rover (May 2000–June 2, 2008; sold to Tata Motors)
- Volvo (1999–2010; sold to Geely)
Public | |
Traded as | |
Industry | Automotive |
Founded | June 16, 1903[1] |
Founder | Henry Ford |
Headquarters | , U.S. |
Area served | Worldwide |
Key people | |
Products | |
Production output | 6.0 million vehicles (2018)[2] |
Services |
|
Revenue | US$160.33 billion (2018)[2] |
US$3.27 billion (2018)[2] | |
US$3.67 billion (2018)[2] | |
Total assets | US$256.54 billion (2018)[2] |
Total equity | US$35.93 billion (2018)[2] |
Owners |
|
Number of employees | 199,000 (December 2018)[2] |
Divisions | |
Subsidiaries | List
|
Website | ford |
History
In 1896, Henry Ford had an idea to make a Quadricycle, the first "horseless carriage" he built. This four-wheeled vehicle was very different from cars we drive now. It was very different even from vehicles Ford produced just a few years later. Even so, this was the start of Ford's career as a businessman. Until the Quadricycle, Ford's work had been experimental and theoretical. For example, in the 1890s, Ford built a gas engine on his kitchen table — just an engine with nothing to power. Enough people liked the Quadricycle, and much could be done with the it, so it led to the beginning of Ford's business.
Ford Motor Company started on June 16, 1903, when Henry Ford and 11 business helpers signed papers to form the company. Their first Ford production car, the Model A, was sold in Detroit, Michigan a few months later. (This Model A should not be confused with their more famous Model A, which came out in 1927). With $280,000 (around 165 000 pounds), the early businessmen made what was to become one of the world's largest companies. Few companies changed the history and development of industry and society in the 20th century as much as Ford Motor Company.
Mass production on the line
Ford Motor Company's most important contribution to automotive manufacturing was the (moving) assembly line. First implemented at the Highland Park plant (in Michigan, US) in 1913, this new method let each workers to stay in one place, to do the same job repeatedly as the vehicles went by on the assembly line. The line proved to be very efficient; it helped the company make more cars, and make them cheaper than other car companies could do at the time. Before using the assembly line, Ford made 12,000 Model T's in a year. With the assembly line, Ford could make 12,000 Model T's in just two days. Ford had discovered how to make more cars that more people could afford to buy. He even paid his workers higher salaries than other car companies and still made money.
Early growth
Henry Ford insisted that the company's future lay in the production of affordable cars for a mass market. In 1903, the company began using the first 19 letters of the alphabet to name new cars. In 1908, the Model T was born, and it was sold for 19 years. By selling 15 million Model T's, Ford Motor Company became a giant company which spanned the globe. They built plants in the Soviet Union, Japan and other places. Ford started making farm tractors, trucks and school buses. In 1925, Ford Motor Company bought the Lincoln Motor Company. It uses that name to build luxury cars. In the 1930s, the name "Mercury" was given to its mid-priced cars. Ford Motor Company was growing.
Older Models
The 1920s
- Model A
- Model A Roadster
- Model A 4 Door Sedan
- Model T
The 1930s
Model A Convertible
1932 Ford Model B Coup
- Model B
- Ford Rheinland
- Ford V8
- Ford Taunus
The 1950s
- Ford 12M '52 - '62
- Ford 15M '55 - '59
- Ford 17M '57 - '60
The 1960s
- Ford P3
- Ford P4
- Ford P5
- Ford P6
- Ford P7
- Ford Capri
- Ford Transit
The 1970s
- Ford Consul
- Ford Taunus
- Ford Escort
- Ford Fiesta
- Ford Granada
- Ford Capri
The 1980s
- Ford RS200
- Ford Capri
- Ford Escort
- Ford Orion
- Ford RS200
- Ford Sierra
- Ford Scorpio
The 1990s
- Ford Cougar buggatti
- Ford Escort
- Ford Explorer
- Ford Focus (2001 and 2002)
- Ford Galaxy (VW Sharan and Seat Alhambra)
- Ford Ka
- Ford Maverick
- Ford Mondeo
- Ford Probe
- Ford Puma
- Ford Windstar
The 2000s
- Ford Focus C-MAX
- Ford Focus ST
- Ford Fusion (British)
- Ford StreetKa
- Ford Transit Connect
- Ford Tourneo Connect
- Ford S-MAX
- Ford Focus Cabriolet (2006)
- Ford CUV (2007, )
American Models
Current
- Ford EcoSport
- Ford Edge
- Ford Escape
- Ford Expedition
- Ford Explorer
- Ford F-Series Pickups
- Ford F-Series Super Duty
- Ford F-Series Commercial Truck
- Ford Fiesta Hatchback
- Ford Fiesta Sedan
- Ford Flex
- Ford Focus Hatchback (American)
- Ford Focus Sedan (American)
- Ford Fusion (American)
- Ford Mustang
- Ford Taurus
- Ford Transit
- Ford Transit Connect
Ford Motor Company Media
Founder Henry Ford, 1919
A 1910 Model T, introduced in 1908, photographed in Salt Lake City
B-24 Liberator bombers being mass-produced at Ford's Willow Run assembly plant, 1944
The introduction of the Ford Mustang at the 1964 New York World's Fair.
William Clay Ford Jr., great-grandson of Henry Ford, serves as the executive chairman at the board of Ford Motor Company.
A worker installs a seat into a Ford F-150 at the Ford Kansas City Assembly Plant in 2008 which was a critical time for the automaker due to the 2008–2010 automotive industry crisis
The historic, once abandoned Michigan Central Station was purchased by Ford Motor Company in May 2018 and is expected to undergo a significant four-year renovation.
The Ford Research Center in Aachen, Germany, photographed in 2006
Ford's Dunton Technical Centre in Laindon, United Kingdom, the largest automotive research and development facility in the country, pictured in 2006
References
- ↑ Hyde, Charles K. (June 2005). "National Historic Landmark Nomination – Ford Piquette Avenue Plant" (PDF). National Park Service. p. 11. Archived from the original (PDF) on February 22, 2017. Retrieved August 18, 2017.
- ↑ 2.0 2.1 2.2 2.3 2.4 2.5 2.6 "Ford Motor Company 2018 Annual Report (Form 10-K)" (PDF). sec.gov. U.S. Securities and Exchange Commission. January 2019.
- ↑ Cite error: Invalid
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. - ↑ Rogers, Christina (May 12, 2016). "Shareholders Again Back Ford Family". Wall Street Journal. https://www.wsj.com/articles/shareholders-again-back-ford-family-1463087314. Retrieved September 16, 2016.