The Ford Ikon is a sedan version of the Ford Fiesta Mark IV on the Ford B platform. It was manufactured and sold in India until 2011. A 2012 model year subcompact sedan and hatchback named Ikon is sold in Mexico. The Mexican-market hatchback is the Ford Figo imported from India. The Ikon used to be manufactured and sold in South Africa, Mexico and China where production ended in December 2006, September 2007 and 2007 respectively. The Ikon sedan was relaunched in South Africa (same vehicle as the Fiesta Classic in India).
The first-generation Mexican and South African Ikon was closely based on the European Mark IV Fiesta, delivering vehicle attributes that would have been acceptable to European customers. The India Ikon has a cheaper suspension, interior and front end structure. The China Ikon was somewhere in between.
In Mexico, Brazil and China, the Ikon was marketed as a Fiesta sedan. In Brazil, this model has been replaced by a new 4 door model based on the South American Fiesta. In South Africa, the Ikon has been replaced by a different 4 door model based on the European Fiesta Mark V (but different exterior sheetmetal) and manufactured in India. (This vehicle is badged Fiesta in India and has not immediately replaced the Ikon in the Indian market.)
Ford Motor Company (NYSE: F) is an American multinational automaker based in Dearborn, Michigan, a suburb of Detroit. The automaker was founded by Henry Ford and incorporated on June 16, 1903. In addition to the Ford and Lincoln brands, Ford owns a small stake in Mazda in Japan and Aston Martin in the UK. Ford's former UK subsidiaries Jaguar and Land Rover were sold to Tata Motors of India in March 2008. In 2010 Ford sold Volvo to Geely Automobile. Ford discontinued the Mercury brand after the 2011 model year. The company is controlled by the Ford family, which owns a controlling stake in Ford Motor.
Ford introduced methods for large-scale manufacturing of cars and large-scale management of an industrial workforce using elaborately engineered manufacturing sequences typified by moving assembly lines. Henry Ford's methods came to be known around the world as Fordism by 1914.
Ford is the second-largest U.S.-based automaker and the fifth-largest in the world based on annual vehicle sales in 2010 (after Toyota, General Motors, Volkswagen AG, and Hyundai Motor Group). At the end of 2010, Ford was the fifth largest automaker in Europe. Ford is the eighth-ranked overall American-based company in the 2010 Fortune 500 list, based on global revenues in 2009 of $118.3 billion. In 2008, Ford produced 5.532 million automobiles and employed about 213,000 employees at around 90 plants and facilities worldwide. During the automotive crisis, Ford's worldwide unit volume dropped to 4.817 million in 2009. In 2010, Ford earned a net profit of $6.6 billion and reduced its debt from $33.6 billion to $14.5 billion lowering interest payments by $1 billion following its 2009 net profit of $2.7 billion. Starting in 2007, Ford received more initial quality survey awards from J. D. Power and Associates than any other automaker. Five of Ford's vehicles ranked at the top of their categories and 14 ranked in the top three.
Ikon can mean: