Ford Motor Company is an American automobile company with operations globally. The company was founded on June 16, 1903, in Detroit, Michigan by Henry Ford. Ford Motor stock trades on the New York Stock Exchange (NYSE) under the ticker ‘F’. The company went public in 1956.
Ford Motors deals in designing, manufacturing, and serving a range of Ford cars, trucks, sport utility vehicles, electric vehicles, and Lincoln luxury vehicles. To manage its global operations, Ford Motors has been segmented into four units:
- Automotive. The unit deals with Ford and Lincoln brand vehicles, service parts, and accessories.
- Financial Services. This unit deals with the Ford vehicle financing and leasing through the Ford Motor Credit Company.
- Ford Smart Mobility LLC. The segment designs, build, grow, and invest in emerging mobility services.
- Central Treasury Operations. This unit is the company’s decision making organ. It makes decisions on investments, risk management activities, and providing financing for the Automotive segment.
Ford Motor Company’s Main Competitors
- Toyota
- General Motors
- Honda
- Tesla
- Hyundai
Key Ford Motor Milestones
In 2006 Ford recorded the largest yearly loss in its history at $12.7 billion. Experts estimated that the company would bounce to profitability until 2009. However, the company bounced back during the second quarter of 2007, posting profitability of $750 million.
In March 2008, Tata Motors reached a deal with Ford Motors to buy the Jaguar and Land Rover for $2.3 billion, about half what Ford paid for the brands when it bought them.
In 2009, Ford Motors unveiled its first electric vehicle, the Ford Focus BEV. The vehicle incorporated key components from Ford’s North American hybrid technology like the electric climate control system from the 2010 Ford Fusion Hybrid.
Ford Motor Company Frequently Asked Questions
Does Ford Motor Company currently pay dividends?
Due to the economic impact of the coronavirus in 2020, Ford suspended its quarterly dividend payments to shareholders. The payment was set to resume once the economy stabilizes.
How many times has Ford split its stock?
In its history, Ford Motor Company has split its stock at least eight times. The first split was on June 27, 1977.
What is the future of Ford Motor Company?
Ford Motors has a renewed emphasis on electric cars and hybrids. Ford is set to focus on releasing more electric vehicles as part of its strategy.
