Ford Motor Company An Overview - 1828 Words

Overview Ford Motor Company is a renowned automotive company and has been for many decades, founded officially on June 6, 1903. Ford is headquartered in Dearborn, Michigan just outside its original birthplace of Detroit. The company has experienced considerable growth over the past century, in many ways mirroring the rise and fall of the American manufacturing industry. Currently trading on the NYSE under the ticker â€Å"F†, at $13.10 (as of the morning of April 10, 2016), with 3,918,630,174 shares of common stock outstanding. Ford is a multinational corporation, with a range of vehicle products and subsidiaries. The vehicles produced by Ford are both commercial and luxury, and the company maintains substantial core competencies in the production of automotive parts. In addition, they also produce trucks and tractors for commercial and agricultural use. In the coming years, Ford seeks to maintain its position as a major player in the national and international automotive markets, with major competition coming from the likes of General Motors, Honda, and Volkswagen. Management Structure Ford’s corporate management structure is traditional, with an executive group as well as a board of directors. The current CEO and President is Mark Fields and the Executive and Board Chairman is William C. Ford Jr., a descendant of the original founder. Other key principals include: †¢ James D. Farley, Jr. Executive Vice President and President, Europe, Middle East Africa †¢ JohnShow MoreRelatedCompany Overview Of Ford Motor Company1608 Words   |  7 PagesCompany Overview Ford Motor Company is a public corporation that began its operations in 1903. The company designs, develops, manufactures, and services cars and trucks across six continents. Furthermore, it divides its work between two main segments – an Automotive Segment and a Financial Services Segment. The Automotive Segment is in charge of marketing its products through worldwide retailers and distributors, as well as selling them to dealers or fleet customers. This sector also provides retailRead MoreFord Motor Company With Insight Into The Organization Overview1849 Words   |  8 PagesHenry Ford was born in Michigan in 1863 and as a child, he demonstrated a fascination with mechanical devices (Pittinger, 2009). He acquired employment with the Edison Illuminating Company and became chief engineer. This provided him the opportunity to lay the foundation for the Model T motorcar (introduced in 1908) because he accomplished work on the petrol drive quadricycle prior to establishing the Ford Motor Company in 1903. During production, Ford saw a massive turnover rate, which he wishedRead MoreBusn300-1104b-08710 Words   |  3 Pagescars (Business Overview, 2011). Another large car manufacture that is located in the United States is General Motors (GM). General Motors would benefit more in this competitive market if they paid more attention on innovation and technological development to increase their customer base (2011). The third auto manufacturer which is also located in the United States is Ford. Ford should focus more on attracting more customers in order to expand in this competitive market. If Ford could attract moreRead MoreAdvantages Of Ford Motor Company901 Words   |  4 PagesFord in Today’s Competitive Market Sai Kumar Reddy Marapally-C0709426 Lambton College of Applied Arts and Technology July 23, 2017 Abstract This research report is on Ford Motor Company. It is an international company and every year the company releases different new model vehicles into the market. The Ford Motor Company facing many issues like transmission problems, low fuel efficiency, a high cost of maintenance, lack of creative designs and poor marketing system which are making company fallRead MoreThe World s Leading Consumer Company For Automotive Products And Services915 Words   |  4 PagesBACKGROUND Vision Statement â€Å"To become the world s leading Consumer Company for automotive products and services. (Homepage, 2015)† Mission Statement â€Å"One Team. People working together as a lean, global enterprise for automotive leadership, as measured by: †¢ Customer, Employee, Dealer, Investor, Supplier, Union/Council, and Community Satisfaction One Plan. †¢ Aggressively restructure to operate profitably at the current demand and changing model mix; †¢ Accelerate development of new productsRead MoreThe Decade of New Ideas and Inventions Essay634 Words   |  3 Pagesof America did not have a reliable way to travel by car. In 1903 Henry Ford was the person to solve the problem for the United States of America (â€Å"Ford Motor Company† 1). On June 16, 1903 Henry Ford founded the Ford Motor Company (â€Å"Ford Motor Company† 1). The Ford Motor Company was based out of Detroit, Michigan (â€Å"Ford Motor Company† 1). The company was located in an old wagon factory (â€Å"Ford Motor Company† 1). Ford Motor Company released its first car in 1903 (â€Å"Automobile Design in the 1900s, 1900-1909†Read MoreCase Study : Ford Motor Company984 Words   |  4 PagesI. Introduction of Firm Ford motor company has been business for over a hundred and ten years. Ford also has a manufacturing arm, a credit business and dealer licensing. Additionally the company operates in Europe, North Africa, the Middle East and Asia. The segment is divide into categories for Ford North America, ford South America, Ford Europe and lastly Ford Africa and Asia-Pacific (Ford Motor company: Automotive, 2014). II. Overview of Firm Competitive Advantage Ford has some business advantagesRead MoreMarketing Project : Ford Motor Company1489 Words   |  6 PagesThe Ford Motor Company enlivened an assembling transformation with its large scale manufacturing sequential construction systems in the early 1900 s. Ford is one of world s most surely understood car brands, consumer’s top choices were vehicles like the Ford Mustang, and F-Series tucks. Ford Co. is known as one of the biggest auto organizations on the planet. Company Description Ford works as an auto and portability organization around the world. Ford’s main core business incorporates Ford hasRead MoreCase Study : Ford Motor Company1340 Words   |  6 PagesHenry Ford opened his first factory, Ford Motor Company has been changing the automotive industry all across the world. What started out, as a small company with big ideas has become one of the largest and profitable companies in the world. Ford Motor Company, communally known as Ford stared out as a family own company and today is still run by the Ford family. Today, where companies are having to sell or partner with other companies, it is amazing to see a family company grow in the way Ford has sinceRead More Business At Work Essay1221 Words   |  5 PagesAim The aim of this report is to understand the Business Environment and within organisation of Ford Motor Company (FMC), which includes the culture and management of the company. This report will also analyse and evaluate communication channels and quality control that FMC possess. Finally, conclusions will be drawn through the assessment of the process that is carried out by the company to meet their objectives, with recommendation of alternative approaches, which may enable FMC with