Ford Motor Company

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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 line]]s; by 1914, these methods were known around the world as [[Fordism]]. Ford's former UK subsidiaries [[Jaguar Cars|Jaguar]] and [[Land Rover]], acquired in 1989 and 2000, respectively, were sold to the Indian automaker [[Tata Motors]] in March 2008. Ford owned the Swedish automaker [[Volvo Cars|Volvo]] from 1999 to 2010.<ref>{{cite press release|title=Ford Motor Company Completes Sale of Volvo to Geely |url=http://www.ford.com/about-ford/news...il/pr-ford-motor-company-completes-sale-33059 |publisher=Ford Motor Company |date=August 2, 2010 |access-date=August 2, 2010 |archive-url=https://web.archive.org/web/2010080...il/pr-ford-motor-company-completes-sale-33059 |archive-date=August 3, 2010}}</ref> In the third quarter of 2010, Ford discontinued the [[Mercury (automobile)|Mercury]] brand, under which it had marketed upscale cars in the United States, Canada, Mexico, and the Middle East since 1938.<ref>{{Cite news|url=https://www.nytimes.com/2010/06/03/business/03mercury.html|title=Ford to End Production of Its Mercury Line|work=The New York Times |date=June 2, 2010 |last1=Maynard |first1=Micheline }}</ref>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 line]]s; by 1914, these methods were known around the world as [[Fordism]]. Ford's former UK subsidiaries [[Jaguar Cars|Jaguar]] and [[Land Rover]], acquired in 1989 and 2000, respectively, were sold to the Indian automaker [[Tata Motors]] in March 2008. Ford owned the Swedish automaker [[Volvo Cars|Volvo]] from 1999 to 2010.<ref>{{cite press release|title=Ford Motor Company Completes Sale of Volvo to Geely |url=http://www.ford.com/about-ford/news...il/pr-ford-motor-company-completes-sale-33059 |publisher=Ford Motor Company |date=August 2, 2010 |access-date=August 2, 2010 |archive-url=https://web.archive.org/web/2010080...il/pr-ford-motor-company-completes-sale-33059 |archive-date=August 3, 2010}}</ref> In the third quarter of 2010, Ford discontinued the [[Mercury (automobile)|Mercury]] brand, under which it had marketed upscale cars in the United States, Canada, Mexico, and the Middle East since 1938.<ref>{{Cite news|url=https://www.nytimes.com/2010/06/03/business/03mercury.html|title=Ford to End Production of Its Mercury Line|work=The New York Times |date=June 2, 2010 |last1=Maynard |first1=Micheline }}</ref>
Ford is the second-largest U.S.-based automaker (behind [[General Motors]]) and the sixth-largest in the world (behind [[Toyota]], [[Volkswagen Group]], [[Hyundai Motor Group]], [[Stellantis]], and General Motors) based on 2022 vehicle production.<ref>{{Cite web|url=https://www.factorywarrantylist.com/car-sales-by-manufacturer.html|title=Worldwide car sales by manufacturer}}</ref> At the end of 2010, Ford was the fifth-largest automaker in Europe.<ref>{{cite web |url=http://www.acea.be/images/uploads/files/20110114_PRPC-FINAL-1012.xls |archive-url=https://web.archive.org/web/2011092...es/uploads/files/20110114_PRPC-FINAL-1012.xls |url-status=dead |archive-date=September 27, 2011 |title=New Passenger Car Registrations by Manufacturer European Union (EU) |publisher=ACEA |access-date=January 28, 2011}}</ref> The company went public in 1956 but the Ford family, through special [[Preferred stock#Other features or rights|Class B shares]], still retain 40 percent of the voting rights.<ref name=FordFamily/><ref>{{cite news |url=https://www.forbes.com/sites/joannm...m-clay-fords-legacy-cemented-familys-dynasty/ |title=William Clay Ford's Legacy Cemented Family's Dynasty |first=Joann |last=Muller |date=March 9, 2014 |work=Forbes |access-date=August 28, 2017 |archive-date=November 16, 2018 |archive-url=https://web.archive.org/web/2018111...m-clay-fords-legacy-cemented-familys-dynasty/ |url-status=live}}</ref> During the [[financial crisis of 2007–08]], the company struggled financially but did not have to be rescued by the federal government, unlike the other two major US automakers.<ref>{{Cite web |title=Bush announces $17.4 billion auto bailout |url=https://www.politico.com/story/2008/12/bush-announces-174-billion-auto-bailout-016740 |access-date=April 8, 2022 |website=Politico |date=December 19, 2008 |language=en}}</ref><ref>{{Cite news|title=Stopgap auto bailout to help GM, Chrysler|date=December 19, 2008 |url=https://money.cnn.com/2008/12/19/news/companies/auto_crisis/ |access-date=April 8, 2022 |website=CNN Money }}</ref> Ford Motors has since returned to profitability,<ref>{{cite news|last=Hammond |first=Lou Ann |title=How Ford stayed strong through the financial crisis|date=January 13, 2011 |url=http://archive.fortune.com/2011/01/12/autos/Bill-Ford-Alan-Mulally-carmaker.fortune/index.htm |url-status=dead |website=Fortune |access-date=December 20, 2017 |archive-url=https://web.archive.org/web/2018070...-Ford-Alan-Mulally-carmaker.fortune/index.htm |archive-date=July 2, 2018}}</ref> and was the eleventh-ranked overall American-based company in the 2018 [[Fortune 500]] list, based on global revenues in 2017 of $156.7&nbsp;billion.<ref>{{cite web |title=Ford Motor |url=http://fortune.com/fortune500/ford-motor/ |url-status=live |website=Fortune |access-date=November 9, 2018 |archive-url=https://web.archive.org/web/20190823031535/https://fortune.com/fortune500/ford-motor/ |archive-date=August 23, 2019 |language=en-US}}</ref> In 2023, Ford produced 4.4&nbsp;million automobiles and employed about 177,000 employees worldwide. Ford joint ventures in China ([[Changan Ford]]), Taiwan ([[Ford Lio Ho]]), Thailand ([[AutoAlliance Thailand]]), and Turkey ([[Ford Otosan]]). It also owns a 32% stake in China's [[Jiangling Motors]].<ref name="AR">{{cite web |title=Jiangling Motors Corporation, Ltd. 2017 Annual Report |url=https://q.stock.sohu.com/newpdf/201830483868.pdf |url-status=dead |archive-url=https://web.archive.org/web/20190412165832/https://q.stock.sohu.com/newpdf/201830483868.pdf |archive-date=April 12, 2019 |access-date=February 1, 2019 |publisher=JMC |pages=27, 29 |via=Sohu}}</ref><ref>{{Cite web |date=March 2023 |title=Jiangling Motors Corporation, Ltd. 2022 Annual Report |url=https://file.finance.sina.com.cn/21...SESZ_STOCK/2023/2023-3/2023-03-30/8926212.PDF |access-date=10 May 2024 |website=www.sina.com.cn |page=64}}</ref>Ford is the second-largest U.S.-based automaker (behind [[General Motors]]) and the sixth-largest in the world (behind [[Toyota]], [[Volkswagen Group]], [[Hyundai Motor Group]], [[Stellantis]], and General Motors) based on 2022 vehicle production.<ref>{{Cite web|url=https://www.factorywarrantylist.com/car-sales-by-manufacturer.html|title=Worldwide car sales by manufacturer}}</ref> At the end of 2010, Ford was the fifth-largest automaker in Europe.<ref>{{cite web |url=http://www.acea.be/images/uploads/files/20110114_PRPC-FINAL-1012.xls |archive-url=https://web.archive.org/web/2011092...es/uploads/files/20110114_PRPC-FINAL-1012.xls |url-status=dead |archive-date=September 27, 2011 |title=New Passenger Car Registrations by Manufacturer European Union (EU) |publisher=ACEA |access-date=January 28, 2011}}</ref> The company went public in 1956 but the Ford family, through special [[Preferred stock#Other features or rights|Class B shares]], still retain 40 percent of the voting rights.<ref name=FordFamily/><ref>{{cite news |url=https://www.forbes.com/sites/joannm...m-clay-fords-legacy-cemented-familys-dynasty/ |title=William Clay Ford's Legacy Cemented Family's Dynasty |first=Joann |last=Muller |date=March 9, 2014 |work=Forbes |access-date=August 28, 2017 |archive-date=November 16, 2018 |archive-url=https://web.archive.org/web/2018111...m-clay-fords-legacy-cemented-familys-dynasty/ |url-status=live}}</ref> During the [[financial crisis of 2007–08]], the company struggled financially but did not have to be rescued by the federal government, unlike the other two major US automakers.<ref>{{Cite web |title=Bush announces $17.4 billion auto bailout |url=https://www.politico.com/story/2008/12/bush-announces-174-billion-auto-bailout-016740 |access-date=April 8, 2022 |website=Politico |date=December 19, 2008 |language=en}}</ref><ref>{{Cite news|title=Stopgap auto bailout to help GM, Chrysler|date=December 19, 2008 |url=https://money.cnn.com/2008/12/19/news/companies/auto_crisis/ |access-date=April 8, 2022 |website=CNN Money }}</ref> Ford Motors has since returned to profitability,<ref>{{cite news|last=Hammond |first=Lou Ann |title=How Ford stayed strong through the financial crisis|date=January 13, 2011 |url=http://archive.fortune.com/2011/01/12/autos/Bill-Ford-Alan-Mulally-carmaker.fortune/index.htm |url-status=dead |website=Fortune |access-date=December 20, 2017 |archive-url=https://web.archive.org/web/2018070...-Ford-Alan-Mulally-carmaker.fortune/index.htm |archive-date=July 2, 2018}}</ref> and was the eleventh-ranked overall American-based company in the 2018 [[Fortune 500]] list, based on global revenues in 2017 of $156.7&nbsp;billion.<ref>{{cite web |title=Ford Motor |url=http://fortune.com/fortune500/ford-motor/ |url-status=live |website=Fortune |access-date=November 9, 2018 |archive-url=https://web.archive.org/web/20190823031535/https://fortune.com/fortune500/ford-motor/ |archive-date=August 23, 2019 |language=en-US}}</ref> In 2023, Ford produced 4.4&nbsp;million automobiles and employed about 177,000 employees worldwide. The company operates joint ventures in China ([[Changan Ford]]), Taiwan ([[Ford Lio Ho]]), Thailand ([[AutoAlliance Thailand]]), and Turkey ([[Ford Otosan]]). It also owns a 32% stake in China's [[Jiangling Motors]].<ref name="AR">{{cite web |title=Jiangling Motors Corporation, Ltd. 2017 Annual Report |url=https://q.stock.sohu.com/newpdf/201830483868.pdf |url-status=dead |archive-url=https://web.archive.org/web/20190412165832/https://q.stock.sohu.com/newpdf/201830483868.pdf |archive-date=April 12, 2019 |access-date=February 1, 2019 |publisher=JMC |pages=27, 29 |via=Sohu}}</ref><ref>{{Cite web |date=March 2023 |title=Jiangling Motors Corporation, Ltd. 2022 Annual Report |url=https://file.finance.sina.com.cn/21...SESZ_STOCK/2023/2023-3/2023-03-30/8926212.PDF |access-date=10 May 2024 |website=www.sina.com.cn |page=64}}</ref>
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