Ford Motor Company at a Glance

Uppers

  • Good pay & strong benefits
  • Employee discounts on Ford vehicles
  • Renewed public confidence in the company following years of financial disappointment

Downers

  • A lot of grumbling about management
  • UAW contract limits raises until 2015

The Bottom Line

  • Employees are happy to play a role in Ford’s efforts to write one of the great turnaround stories in American business.

About Ford Motor Company

Ford Motor is striving to build smart vehicles for a smart world. One of the "Big Three" automakers in the US (GM and Fiat Chrysler being the other two), the company manufactures cars, trucks, and SUVs under the Ford and Lincoln brands - the F-150, the Escape, and the Fusion among its most popular models - and finances sales through Ford Motor Credit. Ford does business worldwide. It is making significant investments in line with a strategic shift to move the company from an auto company into its new business model as an auto and mobility company.

Operations

Ford's Automotive segment, representing more than 90% of revenue, includes the sale of Ford and Lincoln brand vehicles. The Financial Services segment contributes more than 5% of revenue and includes vehicle-related financing and leasing through Ford Motor Credit Company; outside the US, Europe is Ford Credit's largest operation with about 65% of that region's receivables in the UK and Germany

Other operations include Central Treasury (which manages the company's investment portfolio) and the growing Ford Smart Mobility (which invests in emerging technologies).

Geographic Reach

Ford's business units span the five regions of North America, South America, Europe, the Middle East and Africa, and Asia-Pacific. More than 45% of its 60-plus plants are in the US with about 25% in Europe.

The US accounts for more than 60% of Ford's revenue; other major markets include the UK and Canada (nearly 15% together) and Germany (about 5%).

Sales and Marketing

Ford's vehicles, parts, and accessories are sold through more than 11,500 dealerships worldwide, most independently-owned. In addition to retail sales, these dealerships sell vehicles to commercial fleet customers, rental car companies, and governments.

Financial Performance

Ford has yet to reach its pre-recession highs, but it has seen strong growth since 2009, with revenue up nearly 30% over that time. The company's total revenue for 2016 amounted to $151.8 billion, an increase of more than 1% from the previous year. The Automotive segment was up about 1%, with Asian sales up 12% (powered by strong growth in China). Financial Services revenue jumped nearly 15% compared with 2015.

Net income dropped to $4.6 billion, down more than 35% from 2015 due to a $3 billion pre-tax pension remeasurement loss. Cash flow from operations has increased steadily over the last three years to $19.8 billion in 2016.

Strategy

Three strategic priorities underpin Ford's operations: fortifying its core strengths (primarily trucks and SUVs), shoring up its weaknesses (primarily small and luxury vehicles and emerging geographies), and investing in the technologies it thinks are going to transform the industry.

The company's F-150 truck has been the best-selling model in the US for decades. Ford keeps that momentum going with innovations; it is offering a diesel F-150 in 2018 and has plans for a hybrid version. Ford also plans to add the midsized Ranger to its North American pickup portfolio.

In other areas of its automotive business, Ford has boosted its luxury Lincoln brand with a new Continental and an aluminum-body Navigator. It has also launched a smaller, value model, the India-made KA+. In 2017 Ford announced plans to introduce 15 electric or hybrid vehicles in China (the world's biggest auto market) by 2025.

Ford is also making huge investments in emerging opportunities such as electrification, autonomy, and mobility. In addition to new electric vehicles models and hybrid versions of existing models, the company is expanding its test fleet of 30 autonomous vehicles and has begun testing in Europe (it plans to have a fully autonomous vehicle in commercial production in 2021). Mobility services are being developed to increase transportation capacity in crowded cities and Ford has even established a City Solutions team to work with municipalities to propose, pilot, and develop mobility solutions tailored to individual communities. A 2017 partnership with Lyft ride sharing service and a $1 billion investment in artificial intelligence startup Argo AI will pave the way for the development of software for self-driving vehicles.

Mergers and Acquisitions

Ford's $65 million acquisition of app-based, crowd-sourced shuttle service Chariot (completed in 2017) is allowing Ford to use its data algorithms to schedule trips in real time. Chariot uses 100 Ford Transit 15-seat vans; its 28 routes have been based on demand from riders. Ford is expanding the service from two cities (San Francisco and Austin) to eight, with at least one outside the US.

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Company News and Press Releases

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Ford Motor Company

1 American Rd
Dearborn, MI 48126-2701
Phone: 1 (313) 322-3000
Fax: 1 (313) 845-6010

Stats

  • Employer Type: Public
  • Stock Symbol: F
  • Stock Exchange: NYSE
  • CEO: Jim Hackett
  • CEO: Jim Hackett
  • EVP and CFO: Robert L. Shanks
  • 2016 Employees: 201,000

Major Office Locations

  • Dearborn, MI

Other Locations

  • Hoover, AL
  • Chandler, AZ
  • Banta, CA
  • Brisbane, CA
  • Costa Mesa, CA
  • Irvine, CA
  • Manteca, CA
  • Montebello, CA
  • North Hollywood, CA
  • Oxnard, CA
  • Sacramento, CA
  • Santa Clarita, CA
  • Yorba Linda, CA
  • Aurora, CO
  • Colorado Springs, CO
  • Denver, CO
  • Glastonbury, CT
  • Washington, DC
  • Casselberry, FL
  • Tampa, FL
  • Winter Haven, FL
  • Atlanta, GA
  • West Des Moines, IA
  • Chicago, IL
  • Downers Grove, IL
  • Ford Heights, IL
  • Plainfield, IN
  • Kansas City, KS
  • Shawnee Mission, KS
  • Louisville, KY
  • Shreveport, LA
  • Columbia, MD
  • Allen Park, MI
  • Ann Arbor, MI
  • Brownstown, MI
  • Bruce Twp, MI
  • Commerce Township, MI
  • Detroit, MI
  • Farmington Hills, MI
  • Grand Rapids, MI
  • Lansing, MI
  • Livonia, MI
  • Plymouth, MI
  • Romeo, MI
  • Romulus, MI
  • Saline, MI
  • Sterling Heights, MI
  • Temperance, MI
  • Wayne, MI
  • Woodhaven, MI
  • Ypsilanti, MI
  • Saint Paul, MN
  • Cape Girardeau, MO
  • Hazelwood, MO
  • Kansas City, MO
  • Charlotte, NC
  • Fair Bluff, NC
  • Greensboro, NC
  • Mebane, NC
  • Cranbury, NJ
  • Mount Laurel, NJ
  • Buffalo, NY
  • Lake View, NY
  • New York, NY
  • Syracuse, NY
  • Avon Lake, OH
  • Bedford, OH
  • Brookpark, OH
  • Cincinnati, OH
  • Lima, OH
  • Mason, OH
  • Astoria, OR
  • Portland, OR
  • King Of Prussia, PA
  • Mechanicsburg, PA
  • Pittsburgh, PA
  • Greenville, SC
  • Franklin, TN
  • Memphis, TN
  • Nashville, TN
  • Carrollton, TX
  • Dallas, TX
  • El Paso, TX
  • Gilmer, TX
  • Salt Lake City, UT
  • Chesapeake, VA
  • Winchester, VA
  • Bellevue, WA
  • Bedford, Canada
  • Brampton, Canada
  • Burnaby, Canada
  • Corner Brook, Canada
  • Côte Saint-Luc, Canada
  • Dartmouth, Canada
  • Edmonton, Canada
  • Gloucester, Canada
  • London, Canada
  • Oakville, Canada
  • Saint-Laurent, Canada
  • St Thomas, Canada
  • Stephenville, Canada
  • Windsor, Canada
  • Winnipeg, Canada
  • Beijing, China
  • Bogota, Colombia
  • Basildon, England
  • Bradford, England
  • Coventry, England
  • Dagenham, England
  • Daventry, England
  • Liverpool, England
  • Plymouth, England
  • Southampton, England
  • St Albans, England
  • Francieres, France
  • Aachen, Germany
  • Köln, Germany
  • Saarlouis, Germany
  • Glyka Nera, Greece
  • Ahmedabad, India
  • Bengaluru, India
  • Chengalpattu, India
  • Chennai, India
  • Coimbatore, India
  • Gurgaon, India
  • Kanchipuram, India
  • Mumbai, India
  • New Delhi, India
  • Singaperumalkoil, India
  • Cuautitlan Izcalli, Mexico
  • Alverca Do Ribatejo, Portugal
  • Bridgend, Wales
  • Swansea, Wales
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