FordMotorco
Ford Motor Company is an American
multinational corporation and the world's third largest automaker after
General Motors and Toyota, based on worldwide vehicle sales. In 2006,
Ford was the second-ranked automaker in the US with a 17.5% market
share, behind General Motors (24.6%) but ahead of Toyota (15.4%) and
DaimlerChrysler (14.4%).
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FordMotorCompany was also the
seventh-ranked American-based company in the 2007 Fortune 500 list,
based on global revenues of $160.1 billion. In 2006, Ford produced about
6.6 million automobiles, and employed about 280,000 employees at about
100 plants and facilities worldwide. In 2007, Ford had more quality
awards from J.D Power than any other automaker.
Based in Dearborn, Michigan, a suburb of
Detroit, the automaker was founded by Henry Ford and incorporated in
June 16, 1903. Ford now encompasses many global brands, including
Lincoln and Mercury of the US, Jaguar and Land Rover of the UK, and
Volvo of Sweden. Ford also owns a one-third controlling interest in
Mazda.
Ford has been one of the world's ten largest corporations by revenue and
in 1999 ranked as one of the world's most profitable corporations, and
the number two automaker worldwide.
Ford introduced methods for large-scale manufacturing of cars and
large-scale management of an industrial workforce, especially
elaborately engineered manufacturing sequences typified by moving
assembly lines. Henry Ford's combination of highly efficient factories,
highly paid workers, and low prices revolutionized manufacturing and
came to be known around the world as Fordism by 1914.
Overall the Ford Motor Company controls the following car marques:
Daimler (as Jaguar division), Edsel, Ford, Jaguar, Lanchester (as
Jaguar/Daimler division), Land Rover, Lincoln, Mazda, Mercury, Merkur,
Rover (marque name only) and Volvo (passenger vehicles only).
Daimler Motor Company, Jaguar, Lagonda, Land Rover, Rover, and Volvo are
controlled under the Premier Automotive Group.
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