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Ford Motor Company

Ford Motor Company
Company nameFord Motor Company
Company typePublic company
SloganDrive one.
Have you driven a Ford lately?
Built Ford Tough
Powered by You
Feel the difference
Make Everyday Exciting
World One Ford
FoundedJune 16, 1903
Founder(s)Henry Ford
HeadquartersDearborn, Michigan
Area servedWorldwide
Key peopleWilliam C. Ford, Jr.
(Executive Chairman)
Alan R. Mulally
(President & CEO)
Automotive parts
ServicesAutomotive finance
Vehicle leasing
Vehicle service
Revenue(+) {{US$|128.954 billion|link=yes}} (2010)
Operating income(+) {{US$|7.149 billion|link=yes}} (2010)
Net income(+) {{US$|6.561 billion|link=yes}} (2010)
Total assets(-) {{US$|165.693 billion|link=yes}} (2010)
Total equity(+) {{US$|-642 million|link=yes}} (2010)
Employees164,000 (2010)
SubsidiaryAutomotive Components Holdings
Ford Credit
Ford of Europe
Ford do Brasil

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Ford Motor Company (Nyse - F) is an American multinational automaker 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 Lincoln brands, Ford also owns a small stake in Mazda in Japan and Aston Martin in the UK. Ford's former UK subsidiaries Jaguar and Land Rover were sold to Tata Motors of India in March 2008. In 2010 Ford sold Volvo to Geely Automobile. Ford discontinued the Mercury brand after the 2011 model year.

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 by 1914.

Ford is the second largest automaker in the U.S. and the fifth-largest in the world based on annual vehicle sales in 2010. At the end of 2010, Ford was the fifth largest automaker in Europe. Ford is the eighth-ranked overall American-based company in the 2010 Fortune 500 list, based on global revenues in 2009 of $118.3 billion. In 2008, Ford produced 5.532 million automobiles and employed about 213,000 employees at around 90 plants and facilities worldwide. During the automotive crisis, Ford's worldwide unit volume dropped to 4.817 million in 2009. In 2010, Ford earned a net profit of $6.6 billion and reduced its debt from $33.6 billion to $14.5 billion lowering interest payments by $1 billion following its 2009 net profit of $2.7 billion. 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.

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