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Structure of Ford Motor Company - Term Paper Example

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The paper 'Structure of Ford Motor Company' presents Ford Motor Company which began operations in 1903 with a capital investment of $28000 in cash from twelve investors at Dearborn Michigan, US. Henry Ford, its founder is credited with having put the ‘world on wheels’ with his Model T…
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Structure of Ford Motor Company
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Download file to see previous pages It was only in 1927 when GM overtook Ford in sales that Henry Ford felt the need to innovate Model A that was more in tune with the times (Cattlel, 2000).
Today, Ford Motor Company is the biggest family-controlled auto-manufacturer with number three spots in the list of world’s biggest manufacturers and sellers of vehicles. In, 2007, for the first time in 56 years, Ford was relegated to the third spot from second by the Toyota of Japan. Ford manufactures cars, trucks, and SUVs in the brand range of Ford, Mercury, Lincoln, Volvo, and Mazda. Ford’s s distinctly home-spun variety economy class Mondeo and Mustangs sold the world over, and Lincoln stands for luxury and elegance. Lincoln Motor Company was the first strategic acquisition of Ford made in 1922 for $ 8 million. Mercury is Ford developed the brand to fill the gap between luxury and economy class. Mazda Motor Corporation located at Hiroshima, Japan is a leader in light commercial vehicles and passenger vehicles. Volvo, a Swedish company known for its trucks, and safety-concept card was acquired by Ford in 1999-2000. Recently, Ford sold two of its British brands Jaguar and Land Rover to Tata Motors of India.
The Company is led by a Board of Directors consisting of 15 members. William Clay Ford, Jr., is the Chairman and Executive Chairman of Ford. Allan Mullaly is the President and Chief Executive Officer. To keep the company in shape internally, the Audit Committee, the Compensation Committee, Environmental and Public Policy, Finance Committee, and Nominating and Governance Committee are the company watchdogs that oversee the functioning of Ford internally.
Ford Motor Credit Company, a wholly-owned subsidiary, created in 1959 supports Ford sales in 36 countries. With 14000 employees the company manages $151 receivables ( Globally the Ford has seven divisions that look after its manufacturing and sales operations; Ford North America, Ford Europe, Ford Asia Pacific, Ford Latin America, Ford Middle-east, Ford Africa and Ford Caribbean. ...Download file to see next pagesRead More
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