With manufacturing operations worldwide, including US, UK, Canada, Australia, Mexico, Germany and China, Ford is a brand of high stature in the automotive industry. Let us check out some of the historical facts of the company, and how the brand came into existence.
Headquartered in Dearborn, Michigan, the Ford Motor Company is an American automobile conglomerate incorporated in June 1903, with Henry Ford as its founder. The company sells commercial automobiles and vehicles under the Ford Brand and luxury cars under Lincoln brand. It also owns an Aussie performance car manufacturer FPV and Brazil-based Troller. In the past, it has also produced automotive components and tractors. It has several joint ventures in different countries.
Based on 2015 vehicle production, Ford is the 5th largest automaker in the world, and the second largest in the US. In the year 2008, the company employed about 213,000 employees at around 90 facilities worldwide and produced over 5.5 million automobiles.
Popular Car Make and Model Under Ford
Ford is well-known for their crossovers, luxury SUVs, trucks and vans. Here is a quick look at their latest vehicle lineup:
- Ford Mustang
- Ford EcoSport
- Ford Figo
- Ford Freestyle
- Ford Aspire
- Ford Endeavour
The Evolution of Ford
- In 1903: The staple of American automobile manufacturing was born in June, with its operations in Michigan. Henry Ford initially had ties with the Detroit automobile company, which was later restructured to form the Henry Ford Company. With a total of 12 investors equaling 1000 shares, the Ford Motor Company was formed in 1903.
- In 1919: Henry Ford handed over his role to his son, who kept an eye on the production of Model T. Vehicle sales were still high, but competitors such as Chrysler and General Motors would be offering new design vehicles with special features that were hard to beat at the time.
- In 1932: The company introduced the first ever V8 engine, which was used in Model Y. This was done in anticipation to boost up the sales, but a year later, it slipped down to the 3rd largest auto manufacturer just behind Chrysler.
- In 1948: Ford introduced the first ever postwar vehicle with its production in Australian and American facilities. The sales took a big spike replacing Chrysler Group at the second position.
- In 1973: With the production of 2.35 million vehicles, the company set a new record for cranking up the highest numbers throughout the history of the company.
- In 2008: As a consequence of financial crisis, the company had to sell its Land Rover and Jaguar operations to Tata Motors. The deal was worth $2.3 billion.
- In 2017: In an innovative move, the company took over a major stake in Argo AI, which is a promising startup based on Artificial intelligence.
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