Ford Motor Company – Company Overview
|Company||Ford Motor Company|
|Headquarters||21500 Oakwood Boulevard, Dearborn, Michigan, USA|
|Founded||June 16, 1903|
|NYSE stock symbol||F|
|Revenue||$149,558 million USD (2015)|
|Costs and expenses||$141,911 million USD (2015)|
|Net income||$7,371 million USD (2015)|
|IR contact number||+1-313-845-8540|
The Ford Motor Company, headquartered in Dearborn, Michigan, sells automobiles and commercial vehicles under the Ford brand and luxury cars under the Lincoln brand.
It is one of the largest American based automakers and has been in business for over a century.
Henry Ford founded an automobile company in his own name, called “Henry Ford Company”, on November 3, 1901. This then became the Cadillac Motor Company a year later when Henry departed from the company.
In 1903, the Ford Motor Company was launched with a $28,000 investment from a group of investors (including the Dodge brothers).
The company soon grew into one of the biggest and most profitable automobile companies in the world and became very well known for mass producing affordable cars (for the middle-class) by utilizing the world’s first moving assembly line.
The Ford Motor Company makes automobiles (under the “Ford” brand and the “Lincoln” brand), trucks, buses, tractors, and also provides automotive finance (through Ford Motor Credit Company). It is the second largest vehicle maker in the United States (after General Motors).
- Company subsidiaries: Ford Australia, Ford do Brasil, Ford of Europe, Ford Racing, Ford Credit, Ford of Canada, Ford of Argentina, Ford of India, Ford of New Zealand, Ford of Philippines, Ford of Korea, Ford of Japan, Ford of Taiwan.
Ford Motor Company – Financial Results
|Key figures (in millions USD)||2015*||2014*|
|Costs and expenses||$141,911||$143,745|
|Income before income taxes||$10,252||$1,234|
|Cash and cash equivalents at beginning of year||$10,757||$14,468|
|Cash and cash equivalents at end of year||$14,272||$10,757|
*For the years ended December 31, 2015 and 2014
Source: “Ford Motor Company – 2015 Form 10-K”
News about Ford Motor Company reported by our Market Business News team
December 22, 2015: Google partnering up with Ford to build self-driving cars
December 16, 2015: Ford to begin testing self-driving Fusion sedans on public roads