Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, electrified vehicles, and Lincoln luxury vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments. The Mobility segment designs and builds mobility services; and provides self-driving systems development and vehicle integration, autonomous vehicle research and engineering, and autonomous vehicle transportation-as-a-service network development services. The Ford Credit segment primarily engages in vehicle-related financing and leasing activities to and through automotive dealers. It provides retail installment sale contracts for new and used vehicles; and direct financing leases for new vehicles to retail and commercial customers, such as leasing companies, government entities, daily rental companies, and fleet customers. This segment also offers wholesale loans to dealers to finance the purchase of vehicle inventory; and loans to dealers to finance working capital and enhance dealership facilities, purchase dealership real estate, and other dealer vehicle programs. The company was founded in 1903 and is based in Dearborn, Michigan.
Ford Motor Company NYSE:F
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The US President Donald Trump said that his administration has given a green light to Ford (NYSE:F), General Motors (NYSE:GM) and Tesla (NASDAQ:TSLA) to start producing ventilators and respirators. These medical devices are seen as critical infrastructure for patients who are hospitalized with COVID-19. The New York Times reported earlier that the US has around 160,000 ventilators across the country, with additional 12,700 in the National Strateg...
The Detroit Three car manufacturers – General Motors (NYSE:GM), Ford (NYSE:F) and Fiat Chrysler (BIT:FCA) – and United Auto Workers (UAW) announced their plans yesterday to limit the production at U.S. plants and reduce the number of employees working at the same time, in order to protect them from the fast-spreading coronavirus. The automakers accommodate around 150,000 factory workers as they search for solutions to increase distanc...
Annual vehicle sales for Ford Motor Co. were recently announced to have dropped by 26.1% in China. This marks the third year in a row for Ford to have printed an annual sales decline in China. China is the second-largest market for Ford but the extended period of falling sales has hurt the demand for its sports utility vehicles and the mass-market Ford brand in the region. According to the company itself, the fourth quarter saw 146,473 vehicles i...
Sales of Ford Motor Co.’s models in China decline for the third year in a row by 26.1%, less than half of what the car giant sold in 2016, and they could get even worse in 2020, said the company. Its manufacturing numbers are down as well as the company produced 146,473 vehicles in China in the fourth quarter, which is 14.7% less than in the same time period last year. The company sold a total of 567,854 vehicles in 2019. Ford’s business i...
The recent announcement from Tesla Inc. that the American automotive and energy company is all set to compete head-on with GM Motors and Ford Motor Company in the league of pickup trucks with the launch of its Cyberpunk electric truck highlighted the fierce challenges for the automakers in the upcoming months. The recent report, however, shows that Ram has joined the party as well and is turning into a serious challenger for GM and Ford with quic...
Ford shares ended lower Thursday, as the US car maker issued a recall for some 2 million pickup vehicles, on fire safety concerns.
|Name||Ford Motor Company|
|Exchange||New York Stock Exchange|
|Full time employees||190,000|