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Ford Motor Company is an American multinational automaker. 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 Achievements:
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.
Five of Ford's vehicles ranked at the top of their categories and fourteen vehicles ranked in the top three.
Ford Outline:
Type: Industry: Founded: Founder: Headquarters: CEO: Employees: Total Equity: Public Automotive June 16, 1903 Henry Ford Dearborn, Michigan, U.S. Alan R. Mulally 164,000 (2010) US $-642million (2010)
Areas Served:
Ford Motor Company, a global automotive industry leader manufactures or distributes automobiles across six continents. With about 166,000 employees and about 70 plants in around 23 countries worldwide, the companys automotive brands include Ford and Lincoln.
Foreign Subsidiaries:
1.
Ford Of Europe:
Ford of Europe GmbH is the European subsidiary of Ford Motor Company. Ford of Europe was founded in 1967 on the merger of the British and German divisions of the Ford Motor Company. Type: Industry: Founded: Headquarters: Employees: Parent: Website: GmbH, Subsidiary of Ford Automotive 1967 Cologne, Germany 69,400(2009) Ford Motor Company www.ford.eu
2.
Ford do Brasil:
Ford do Brasil is a subsidiary of American automaker Ford Motor Company, founded on April 24, 1919. The operation started out importing the Ford Model T cars and the Ford Model TT trucks in kit form from the US for assembly in Brazil. The Ford brand, however, had already been present in the Country since 1904 with both vehicles being sold in Brazil.
Subsidiary Automotive 1919 Sao Bernardo do Campo, Brazil 14,596 Ford Motor Company www.ford.com.br
3.
Subsidiary of Ford do Brasil Automotive 1995 Horizonte, Ceara, Brazil Ford Motor Company www.troller.com.br
Subsidiary Automotive October 1995 (as Mahindra Ford India Ltd.) Chengalpattu, Chennai, Tamil Nadu, India 10,000 Ford Motor Company www.india.ford.com
Ford South America Ford Europe Ford Asia Pacific Africa Other Automotive Total Automotive Excluding Special Items
54.257%
Details by segment of Automotive revenue ("sales") are shown below in billions: 2010
Ford North America Ford South America Ford Europe Ford Asia Pacific Africa Total Automotive Excluding Special Items Special Items Total Automotive sector $ 64.4 $ 9.9 $ 29.5 $ 7.4 $111.2 $ 8.1 $119.3
Ford Europe Ford Asia Pacific Africa Total Automotive Excluding Special Items
42.086%
Details of Automotive sector market share for selected markets for 2009 and 2008, are shown below:
Market Share 2009 15.3% 10.2% 9.1% 2.3% 2008 14.2% 9.7% 8.6% 2.3%
* Includes only Ford and, in certain markets (primarily United States), Lincoln and Mercury brands. South America market share is based, in part, on estimated vehicle registrations for six major markets (Argentina, Brazil, Chile, Colombia, Ecuador and Venezuela). ** Includes only Ford and, in certain markets (primarily United States), Lincoln and Mercury brands. Europe market share are based on the 19 European markets we track. *** Asia Pacific Africa market share and dealer-owned stocks are based on our 12 major markets (Australia, China, Japan, India, Indonesia, Malaysia, New Zealand, Philippines, South Africa, Taiwan, Thailand and Vietnam), including JMC brand vehicles sold in China by our unconsolidated affiliates; market share represents, in part, estimated vehicle sales.
Acquisitions:
First Aquitaine. In the second quarter of 2009, Ford sold their transmission manufacturing facility in Bordeaux, France to HZ Holding France and entered into a volume-dependent pricing agreement with the new owner to purchase all of First Aquitaine's output. In the fourth quarter of 2010, Ford acquired 100% of the voting interest in First Aquitaine from HZ Holding France. Ford will continue to purchase transmissions from First Aquitaine. ACSA. In 2008, Ford acquired 72.4% of the shares of ACSA, a Romanian carmaker, from Romania's Authority for State Assets Recovery ("AVAS"). During 2010 Ford completed the acquisition of the remaining minority interest and we now own 100% of ACSA.
Ford manages the day-to-day operations at ACSA. However, as a result of the contractual commitments in the Sale and Purchase Agreement, the Romanian government maintains the ability to influence certain key decisions regarding the business until March 2012. For example, during this period the Romanian government has the ability to influence the following: Implementation of the business plan, including investment and strategic decisions to achieve minimum vehicle production levels; The minimum level of full-time employees used in automobile production; Capital expenditure and investment levels, including environmental protection improvements; and Completion of restructuring plans requiring us to return non-core assets to the Romanian government. Ford anticipates that they will consolidate the operations upon the cessation of AVAS' control and participation in the operations.
Automotive
Cash and cash equivalents Marketable securities Total cash and marketable securities Receivables, less allowances of $228 Inventories Deferred income taxes Net investment in operating leases Other current assets Current receivable from Financial Services Total current assets Equity in net assets of affiliated companies Net property Deferred income taxes Net intangible assets Non-current receivable from Financial Services Other assets $ 6,301
$ 34,368 $ 2,441
$ 64,606