Ford Motor Company-Then, Present and Future

If you are a car enthusiast, there will be at least one Ford car that will flutter your mind. Whether you prefer Pontiac or Chevrolet cars, car enthusiasts will not miss the opportunity to own the Shelby Mustang GT500 or any other classic produced by Ford. For those who are big fans of the Ford Motor Company, there are plenty of cars, trucks and even tractors you can choose when looking for a new car or farm equipment. Still, what do you really know about Ford Motor Company? You may be surprised to have to learn about this American car maker.

Rise of Ford Motor Company

The Ford Motor Company has a long and interesting history dating back to 1903. 40-year-old Henry Ford has grown into a Jaguar note in the automotive industry since he first launched the company for just $ 28,000 received from 12 different investors. industry. In fact, with net profit of $ 2.723 billion in 2007 and total wealth of $ 279.26 billion that year, the company ranks third among US automakers. While General Motors and Toyota took first and second place, Ford ranked five vehicles at the top of the JD Power and Associates quality survey list. Another 14 Ford cars ranked in the top three on the list, making them the most award-winning carmaker on the coveted list.

But what many are unaware of is that two of the twelve who invested in Ford’s new company were John and Horace Dodge, who later founded a company known as the Dodge Motor Company.

In the early days, the Ford Motor Company produced only a few cars each day. At a factory in Detroit, Michigan, a group of a few men assembled the vehicle after receiving the necessary parts from another company. Ford later introduced an assembly line at his factory and used mass production strategies to speed up the production of his car. He was also one of the few companies that paid high wages to his workers and was able to survive the Great Depression.

Ford Motor Company Today

More than 100 years have passed since Henry Ford first opened its doors to the Ford Motor Company, but the company is still family-owned and continues to produce vehicles under the Ford name. However, we also manufacture vehicles with other names. For example, in the United States, Ford products are also manufactured under the names Lincoln and Mercury. The company does not operate solely in the United States, but has major manufacturing operations in many other countries. These include:

-Argentina

-Australia

–Brazil

-Canada

-Germany

-Mexico

–People’s Republic of China

–South Africa

– Turkey

– England

Ford has also owned many other brands of vehicles in the past. For example, I bought Aston Martin in 1989, but then sold it in 2007, holding a $ 77 million stake in the brand. The company also purchased Volvo Cars in 1989, purchasing a 33.4% stake in Mazda. Ford also previously owned Land Rover and Jaguar, but sold both to Tata Motors in 2008.

In addition to manufacturing vehicles and tractors, Ford Motor Company sells aftermarket parts under the name Motorcraft and has a parts division called Visteon. The company also provides car lending to car buyers through the Ford Motor Credit Company.

The future of Ford Motor Company

On January 23, 2006, Ford Motor Company announced the WayForward plan. The plan was a concern that had plagued the company for over a year as gas prices soared and consumers began to lose interest in buying large gas gadgets, what the company did to make a profit again. Provided details about what you were planning. As part of the plan, 14 factories were closed and 30,000 people lost their jobs.

The company is currently planning to invest in new products that will make it more competitive in the market, including the development of more crossover SUVs, hybrid cars and compact cars. Therefore, Ford car lovers can expect to see many new and exciting developments on the horizon.