The Ford Motor Company
) is an American multinational corporation
based in Dearborn, Michigan
, a suburb of Detroit
. The automaker was founded by Henry Ford
and incorporated on June 16, 1903. In addition to the Ford
, and Mercury
brands, Ford also owns Volvo Cars
of Sweden, and a small stake in Mazda
of Japan and Aston Martin
of England. Ford's former UK subsidiaries Jaguar
and Land Rover
were sold to Tata Motors
of India in March 2008.
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
Ford is currently the fourth-largest automaker in the world based on number of vehicles sold annually, directly behind Volkswagen
In 2007, Ford fell from second to third in US annual vehicle sales for the first time in 56 years, behind only General Motors
. However, Ford occasionally outsells Toyota in shorter periods (most recently, during the summer months of 2009). As of 2008, Ford has become the second largest automaker in Europe (only behind Volkswagen), with sales that occasionally exceed those in the United States and large markets in Germany, Italy, and the United Kingdom.
Ford is the seventh-ranked overall American-based company in the 2008 Fortune 500
list, based on global revenues in 2008 of $146.3 billion.
In 2008, Ford produced 5.532 million automobiles
and employed about 213,000 employees at around 90 plants and facilities worldwide.
Starting in 2007, Ford received more initial quality survey awards from J. D. Power and Associates
than any other automaker. Five of Ford's vehicles ranked at the top of their categories
and fourteen vehicles ranked in the top three.