- published: 24 Mar 2014
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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.
Harrison Ford (born July 13, 1942) is an American film actor and producer. He is famous for his performances as Han Solo in the original Star Wars trilogy and as the title character of the Indiana Jones film series. Ford is also known for his roles as Rick Deckard in Blade Runner, John Book in Witness and Jack Ryan in Patriot Games and Clear and Present Danger. His career has spanned six decades and includes roles in several Hollywood blockbusters, including Presumed Innocent, The Fugitive, Air Force One, and What Lies Beneath. At one point, four of the top six box-office hits of all time included one of his roles. Five of his films have been inducted into the National Film Registry.
In 1997, Ford was ranked No. 1 in Empire's "The Top 100 Movie Stars of All Time" list. As of July 2008[update], the United States domestic box office grosses of Ford's films total over US$3.5 billion, with worldwide grosses surpassing $6 billion, making Ford the third highest grossing U.S. domestic box-office star. Ford is the husband of actress Calista Flockhart.