• Ford Motor Company is an American automaker and the third largest automaker in the world.The Economic Times: Ford in $9 bn loss, to convert plants (July 25, 2008)

  On January 5, 2009, Ford reported that overall sales declined more than 32% in December 2008. Overall, the company's sales for 2008 were down 21% from the previous year.FOX Business: Ford, Toyota, GM Sales Plunge More Than 30% on Month (January 5, 2009) On January 29, 2009, Ford reported a loss of $14.6 billion dollars for 2008—its worst loss company history.The New York Times: Ford Has Its Worst Year Ever but Won't Ask for Aid (January 29, 2009)

• Fast Facts

  1. Founded: June 16, 1903Edmunds.com: Ford Overview
  2. Founder: Henry FordEdmunds.com: Ford Overview
  3. Headquarters: Dearborn, MichiganEdmunds.com: Ford Overview
  4. Chairman: William Clay Ford, Jr.USATODAY.com: Bill Ford carries on family name with grace (February 27, 2005)
  5. President/CEO: Alan MulallyMedia.Ford.com: Biography: Alan Mulally
  6. Revenue: $172 billion in 2007Media.Ford.com: Ford 2007 Fourth Quarter Results
  7. Automotive divisions: Mercury, Lincoln
  8. Currently owns href="/volvo">Volvo Ford Denies Volvo Sale Rumors (May 29, 2007)
  9. Partially owns MazdaMedia.Ford.com: Mazda Welcomes Ford Chairman (June 25, 2004)
  10. Introduced the assembly linePBS: Ford installs first moving assembly line
  11. June 2009: No Plans To Issue Equity In Transformation Plan http://online.wsj.com/article/BT-CO-2009...

• History

  Ford Motor Company was founded in 1903 by Henry Ford. Ford's goal was to produce affordable cars for the general public. In order to mass-produce vehicles, Ford introduced the moving assembly line as an economical means to make a large amount of cars. Ford's design is still used by automobile manufacturers today.Edmunds.com: Ford Overview

  Over the years, Ford expanded its brand to include luxury cars from the Lincoln division and mid-priced cars from the Mercury division. Ford is currently the world's third largest car manufacturer.Edmunds.com: Ford Overview

• Automaker Bailout

  December 10, 2008: Although Congressional Democrats and The White House have determined an outline for the $15 billion bailout to automakers, Ford's executives have decided to only use government funds as a backstop, as a result of a reported $18.9 billion in cash and $10.7 billion in unused credit the company has on its balance sheet. Ford CEO Alan Mulally has stated that his company is not finding themselves in the dire position that General Motors and Chrysler face.USAToday: Ford benefits from CEO's turn to road less traveled (December 10, 2008)

• Declining Sales and Job Cuts

  On November 7, 2008, Ford announced it would cut North American jobs by 10 percent.CityNews: New Round Of Layoffs As Ford Posts Huge Loss (November 7, 2008) The announcement came just days after the automaker reported that sales in the U.S. for October 2008 had declined 30% due to low consumer confidence and the credit crisis.MSNBC: Ford's U.S. Sales Fell 30% in October(November 3, 2008)

• Related Mahalo Pages

  Cars | Mercury Cars | Jaguar (car) | Volvo | Lincoln (car) | Ford F-150 | Ford Focus | Ford Mustang | 2009 Ford Flex | GM Ford Losses | Alan Mulally | Car Czar

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