Ford
| Ford Motor Company | |
|---|---|
| |
| Founded | June 16, 1903 |
| Headquarters | Dearborn, Michigan, United States |
| Industry | Motor Vehicle Manufacturing |
| Area Served | Worldwide |
| Key People | William Clay Ford Jr. (Executive Chairman)
Jim Farley (President & CEO) |
| Market Capital | $48.19 billion (2023) |
| Annual Revenue | $169.819 billion (2023) |
| Operating Income | $6.639 billion (2023) |
| Net Income | $2.1 billion (2023) |
| Total Assets | $255.9 billion (2022) |
| Total Equity | $43.68 billion (2023) |
| Owners | Ford family (2% equity; 40% voting power) |
| Number of Employees | 186,000 (2020) |
| Website | https://www.ford.com/ |
| Social Media | Facebook, Twitter, Youtube |
| Notes | Specializes in automotive, financial services, and mobility. |
Overview
The headquarters of the global American automaker Ford Motor Company is located in Dearborn, Michigan. Henry Ford founded the business in 1903, and it now sells luxury vehicles under the Lincoln brand and cars and commercial vehicles under the Ford brand. Based on 2022 car production, Ford is the sixth-largest automaker worldwide and the second-largest in the United States.
Ford's introduction of moving assembly lines and massive auto production transformed the industrial industry. Because of the company's ability to reduce expenses and streamline production, cars are now within the reach of the typical American. The first mass-market car, the Ford Model T, was released in 1908 and played a significant role in the American automobile industry.
Ford currently produces and sells automobiles all over the world. it operates subsidiaries and joint ventures in China, Taiwan, Thailand, and Turkey, among other places. 2008 saw the sale of Ford's previous UK brands, Jaguar and Land Rover. the business keeps coming up with new ideas, concentrating on sustainability, fuel economy, and cutting-edge markets like autonomous and electric car technology. Following a difficult 2007–2008 financial crisis, Ford completed a significant restructuring and was able to earn a profit again without the help of the government. It is still one of the top employers in America and is listed in the Fortune 500.
History
On June 16, 1903, Henry Ford and eleven associate investors founded Ford Motor Company with a capital of $28,000. The Model A was manufactured at the company's first plant, which stood on Mack Avenue in Detroit, in 1903. The Model T was first offered in 1908 as an easy-to-use, reasonably priced, and dependable car for the typical American. Half of all automobiles in the United States by 1918 were Model Ts. Ford's 1913 invention of the moving assembly line, which standardized production and divided it into interchangeable parts, completely changed the industrial industry. Ford was able to reduce expenses, simplify the manufacturing process, and make cars more accessible to the general public as a result.
In 1919, Ford left the company, turning it over to his son Edsel Ford, due to disputes with shareholders over dividends. Henry Ford returned as president in 1943 after Edsel's death, before passing the reins to his grandson Henry Ford II in 1945. Under the leadership of the younger Ford, the company expanded its product lineup and introduced the iconic Thunderbird in 1955.
Ford introduced the Mustang in 1964, reflecting the youth culture of the 1960 s and becoming one of its most iconic muscle cars. As consumer preferences began shifting toward smaller, fuel-efficient cars in the 1970s, Ford was caught off-guard by foreign automakers like Toyota. To compete, Ford acquired foreign auto brands including Jaguar, Land Rover, Volvo, and Mazda during the late 1980s and 1990s.
Ford lost a lot of money during the financial crisis of 2007–2008 and the Great Recession. In order to avoid insolvency and government bailouts, CEO Alan Mulally oversaw a significant reorganization of the business. By unifying Ford- worldwide operations and product development under his "One Ford" plan, Ford was able to take advantage of its global platforms and become more cost-competitive. Ford invested in developing markets like electric, hybrid, connected, and self-driving cars after turning a profit again in 2010.
Ford, which invented the assembly line for use in auto manufacturing, is still regarded as one of the most iconic American businesses today. The best-selling car in the United States for more than 40 years has been its F-150 truck. As the auto industry continues to shape itself, Ford, led by CEO Jim Farley, wants to be at the forefront of the electric vehicle transition.
Products and Services
1. Trucks: Ford manufactures a complete range of iconic American trucks, including the perennially bestselling F-150 along with heavy-duty options like the F-250 and F-350.
2. SUVs: Ford produces popular SUV models for families and outdoor adventurers, such as the Explorer, Escape, Expedition and Bronco, plus luxury Lincoln Navigator and Aviator.
3. Passenger Cars: Ford offers a diverse lineup of passenger cars to suit different budgets and needs, from the legendary Mustang muscle car to the Fusion, Focus, Taurus and Fiesta.
4. Electric Vehicles: Ford is ramping up production of electric vehicles to meet growing demand, including the Mustang Mach-E SUV and upcoming F-150 Lightning electric truck.
5. Commercial Vehicles: Ford's commercial vehicle range includes vans, trucks, chassis and other durable and customizable options for fleets and work applications.
Public Charging Station Models
Contact Information
Phone Number: +1 800 392-3673
Email Address: N/A
Headquarters: Dearborn, Michigan US
Official website: https://www.ford.com/
Certifications & Compliance
1. ISO 9001: Quality Management System certification - Ford has received ISO 9001 certification for quality management across its global production facilities, product development, sales, marketing, and service operations. This certification verifies Ford's capabilities to consistently provide products and services meeting customer, statutory, and regulatory requirements.
2. ISO 14001: Environmental Management System certification - Over 100 Ford manufacturing plants in over 20 countries have achieved ISO 14001 certification. This standard aligns Ford's environmental management systems worldwide, helping Ford reduce waste, energy, water use, and CO2 emissions globally.
3. OHSAS 18001 and ISO 45001: Occupational Health and Safety certifications - Ford manufacturing plants, offices, and warehouses across the globe have attained OHSAS 18001 or ISO 45001 certification for occupational health and safety management. These help Ford control hazards and risks, reduce workplace incidents, and create healthier, safer work environments.
4. Compliance with emissions regulations: Ford vehicles, engines, and components are certified to meet or exceed emissions standards instituted by environmental agencies worldwide, including EPA, CARB, and European Commission. This helps Ford reduce fleet emissions through technological innovations.
5. NHTSA 5-Star Safety Ratings: Many Ford vehicles have achieved 5-star overall safety ratings from NHTSA's rigorous New Car Assessment Program testing. Ford also complies with FMVSS standards for brakes, seat belts, air bags, child seats, and other safety equipment.
6. European NCAP safety testing: Ford vehicles undergo Euro NCAP testing to achieve 5-star ratings for adult, child, pedestrian, and assisted-driving safety. Ford also complies with General Safety Regulations outlined by the European Commission.
7. SEC governance and financial reporting requirements: As a publicly traded company, Ford complies with SEC regulations including filing annual 10-K reports, quarterly 10-Q reports, and disclosures on executive compensation, corporate governance, and material company events.