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Ford Motor Company

From Simple English Wikipedia, the free encyclopedia
"Ford" redirects here. For other uses, see Ford (disambiguation).
Ford Motor Company
Company typePublic
IndustryAutomotive
FoundedJune 16, 1903; 121 years ago (1903-06-16)[1]
FounderHenry Ford
Headquarters
Dearborn, Michigan
,
U.S.
Area served
Worldwide
Key people
Products
Production output
Decrease 6.0 million vehicles (2018)[2]
Services
RevenueIncrease US$160.33 billion (2018)[2]
Decrease US$3.27 billion (2018)[2]
Decrease US$3.67 billion (2018)[2]
Total assetsDecrease US$256.54 billion (2018)[2]
Total equityDecrease US$35.93 billion (2018)[2]
Owners
Number of employees
199,000 (December 2018)[2]
Divisions
Subsidiaries
List
Websiteford.com

The Ford Motor Company (FMC; often known as Ford) is an American multinational automaker, founded on June 16, 1903 by Henry Ford. Ford, which owns the luxury vehicle manufacturer Lincoln, was the second-largest automaker, after General Motors, 1931 to 2004. Formerly, Ford also owned the following brands:

History

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In 1896, Henry Ford had an idea to make a Quadricycle, the first "horseless carriage" he built. This four-wheeled vehicle was very different from cars we drive now. It was very different even from vehicles Ford produced just a few years later. Even so, this was the start of Ford's career as a businessman. Until the Quadricycle, Ford's work had been experimental and theoretical. For example, in the 1890s, Ford built a gas engine on his kitchen table — just an engine with nothing to power. Enough people liked the Quadricycle, and much could be done with the it, so it led to the beginning of Ford's business.

Ford Motor Company started on June 16, 1903, when Henry Ford and 11 business helpers signed papers to form the company. Their first Ford production car, the Model A, was sold in Detroit, Michigan a few months later. (This Model A should not be confused with their more famous Model A, which came out in 1927). With $280,000 (around 165 000 pounds), the early businessmen made what was to become one of the world's largest companies. Few companies changed the history and development of industry and society in the 20th century as much as Ford Motor Company.

Mass production on the line

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Ford Motor Company's most important contribution to automotive manufacturing was the (moving) assembly line. First implemented at the Highland Park plant (in Michigan, US) in 1913, this new method let each workers to stay in one place, to do the same job repeatedly as the vehicles went by on the assembly line. The line proved to be very efficient; it helped the company make more cars, and make them cheaper than other car companies could do at the time. Before using the assembly line, Ford made 12,000 Model T's in a year. With the assembly line, Ford could make 12,000 Model T's in just two days. Ford had discovered how to make more cars that more people could afford to buy. He even paid his workers higher salaries than other car companies and still made money.

Early growth

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Henry Ford insisted that the company's future lay in the production of affordable cars for a mass market. In 1903, the company began using the first 19 letters of the alphabet to name new cars. In 1908, the Model T was born, and it was sold for 19 years. By selling 15 million Model T's, Ford Motor Company became a giant company which spanned the globe. They built plants in the Soviet Union, Japan and other places. Ford started making farm tractors, trucks and school buses. In 1925, Ford Motor Company bought the Lincoln Motor Company. It uses that name to build luxury cars. In the 1930s, the name "Mercury" was given to its mid-priced cars. Ford Motor Company was growing.

Older Models

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Ford Focus
Ford Kuga

The 1920s

  • Model A
  • Model A Roadster
  • Model A 4 Door Sedan
  • Model T

The 1930s

Model A Convertible


1932 Ford Model B Coup

  • Model B
  • Ford Rheinland
  • Ford V8
  • Ford Taunus

The 1950s

  • Ford 12M '52 - '62
  • Ford 15M '55 - '59
  • Ford 17M '57 - '60

The 1960s

  • Ford P3
  • Ford P4
  • Ford P5
  • Ford P6
  • Ford P7
  • Ford Capri
  • Ford Transit

The 1970s

The 1980s

  • Ford RS200
  • Ford Capri
  • Ford Escort
  • Ford Orion
  • Ford RS200
  • Ford Sierra
  • Ford Scorpio

The 1990s

The 2000s

American Models

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Ford Explorer
F-Series

Current

References

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  1. ↑ Hyde, Charles K. (June 2005). "National Historic Landmark Nomination – Ford Piquette Avenue Plant" (PDF). National Park Service. p. 11. Archived from the original (PDF) on February 22, 2017. Retrieved August 18, 2017.
  2. ↑ 2.0 2.1 2.2 2.3 2.4 2.5 2.6 "Ford Motor Company 2018 Annual Report (Form 10-K)" (PDF). sec.gov. U.S. Securities and Exchange Commission. January 2019.
  3. ↑ Cite error: The named reference 4traders was used but no text was provided for refs named (see the help page).
  4. ↑ Rogers, Christina (May 12, 2016). "Shareholders Again Back Ford Family". Wall Street Journal. Retrieved September 16, 2016.
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