The company went public in 1956 but the Ford family, through special Class B shares, still retain 40 percent voting rights. At the end of 2010, Ford was the fifth largest automaker in Europe. In 2011, Ford discontinued the Mercury brand, under which it had marketed entry-level luxury cars in the United States, Canada, Mexico, and the Middle East since 1938.įord is the second-largest U.S.-based automaker (behind General Motors) and the fifth-largest in the world (behind Toyota, Volkswagen, Hyundai and General Motors) based on 2015 vehicle production. Ford owned the Swedish automaker Volvo from 1999 to 2010. Ford's former UK subsidiaries Jaguar and Land Rover, acquired in 19 respectively, were sold to the Indian automaker Tata Motors in March 2008. įord 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. The company is listed on the New York Stock Exchange and is controlled by the Ford family they have minority ownership but the majority of the voting power. It also has joint-ventures in China ( Changan Ford), Taiwan ( Ford Lio Ho), Thailand ( AutoAlliance Thailand), Turkey ( Ford Otosan), and Russia ( Ford Sollers). Ford also owns Brazilian SUV manufacturer Troller, an 8% stake in Aston Martin of the United Kingdom and a 32% stake in Jiangling Motors. The company sells automobiles and commercial vehicles under the Ford brand, and luxury cars under its Lincoln luxury brand. It was founded by Henry Ford and incorporated on June 16, 1903.
Ford Motor Company (commonly known as Ford) is an American multinational automobile manufacturer headquartered in Dearborn, Michigan, United States.
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