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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)
- Founded: June 16, 1903Edmunds.com: Ford Overview
- Founder: Henry FordEdmunds.com: Ford Overview
- Headquarters: Dearborn, MichiganEdmunds.com: Ford Overview
- Chairman: William Clay Ford, Jr.USATODAY.com: Bill Ford carries on family name with grace (February 27, 2005)
- President/CEO: Alan MulallyMedia.Ford.com: Biography: Alan Mulally
- Revenue: $172 billion in 2007Media.Ford.com: Ford 2007 Fourth Quarter Results
- Automotive divisions: Mercury, Lincoln
- Currently owns VolvoForbes.com Ford Denies Volvo Sale Rumors (May 29, 2007)
- Partially owns MazdaMedia.Ford.com: Mazda Welcomes Ford Chairman (June 25, 2004)
- Introduced the assembly linePBS: Ford installs first moving assembly line
- June 2009: No Plans To Issue Equity In Transformation Plan http://online.wsj.com/article/BT-CO-20090611-714122.html
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 OverviewOver 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)Categories
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Ford on Amazon
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Lindberg 1:16 scale 1910 Ford Model "T" - $19.99
1-24 Scale. This kit features detailed chassis, chrome plated parts, detailed engine and interior, rubber tires. Skill level 2.
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Why Good People Do Bad Things: How to Stop Being Your Own Worst Enemy - $14.99
Discover a Life Filled with Passion, Meaning, and Purpose New York Times bestselling author Debbie Ford leads us into the heart of the duality that unknowingly operates within each one of us. P...
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The Assassination of Jesse James by the Coward Robert Ford - $14.98
Everyone in 1880s America knows Jesse James. He’s the nation’s most notorious criminal, hunted by the law in 10 states. He’s also the land’s greatest hero, lauded as a Robin Hood by the public. Robert Ford? No one knows him. Not yet. But th...
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TOM FORD ANOUK TF57 Sunglasses - $249.99
Get $10 OFF your 1st purchase of any TOM FORD ANOUK TF57 Sunglasses. All TOM FORD items are 100% brand new Authentic. They come complete with certificate of authenticity as well as protective case and dust cloth.
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Ford Mustang Parking Only Sign - $9.88
This is a metal wall sign. Made of Aluminum. 8 by 12 inches in size with two mounting holes on the top and bottom.
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