In the past, the American company’s empire was much bigger.
From practical economical hatchbacks and spacious station wagons to menacing pick-up trucks, popular SUVs, and light commercial vehicles – Ford builds it all.įord Motor Company currently owns only two brands: Ford and Lincoln. To meet the needs of drivers with different requirements, Ford Motor Company operates 90 factories worldwide, where cars of all types are produced every day. The company will solely focus on SUVs, cross vehicles, and pickups.Founded in 1903, Ford Motor Company is the world’s fifth-largest car manufacturer, producing an average of 4 million cars and commercial vehicles each year. In 2018, the company announced that it would discontinue the production of all passenger cars except the Ford Focus Active and Mustang. It later sold Volvo to a Chinese company in 2010 in a bid to cut production cost.
Slow sales were witnessed in the early 2000s through to 2008 when it received aid from the USA government to avoid bankruptcy. In the early 1990s, the company acquired Aston Martins, Jaguar, and Land Rover brands, which it later sold in 2007-2008 to Tata Motors Ltd, India. And in the same period, it opened assembly plants in Asia, Canada, South Africa, and many more countries. By the early 1920s, the company was producing almost half of the USA’s automobile. In 1911, the company opened its first mass production line in Kansas City and an overseas branch in Manchester, England. The Model T received a warm reception, and soon, the demand was higher than the supply. The assembly was done at the Mack Avenue plant in July that year. In 1896, Henry Ford built his first car in his Detroit home, but it was not until 1903 that the Ford Company made its first commercial car. The Dearborn-based company is well known for the production of passenger trucks, cars, and tractors.
It was not until 1919 that Ford, his son, Edsel, and his wife, Clara, took full ownership of the American automotive corporation. In 1903, Henry Ford, together with 11 associate investors, founded the Ford Motor Company.
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