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90-475: The organization was founded by representatives of the three largest North American automotive manufacturers: Ford , General Motors and Chrysler . Membership has grown to include Japanese companies such as Toyota , Honda and Nissan , heavy truck and earth moving manufacturers such as Caterpillar Inc. and Navistar International , and many of their Tier One and sub-tier suppliers and service providers. Over 800 OEMs, parts manufacturers, and service providers to

180-611: A "vote of confidence" because of the pro-business climate being fostered in part by President-elect Donald Trump , Ford had canceled plans to invest $ 1.6 billion in a new plant in Mexico to manufacture the Ford Focus ; instead, the company would invest $ 700 million in Michigan , which it planned to use to create 700 new jobs. The Focus would now be manufactured in the existing plant in Mexico. Also in 2017, Ford began development of

270-503: A $ 2.7 billion profit in fiscal year 2009, the company's first full-year profit in four years. In 2012, Ford's corporate bonds were upgraded from junk to investment grade again, citing sustainable, lasting improvements. On October 29, 2012, Ford announced the sale of its climate control components business, its last remaining automotive components operation, to Detroit Thermal Systems LLC for an undisclosed price. On November 1, 2012, Ford announced that CEO Alan Mulally would stay with

360-685: A 32% stake in China's Jiangling Motors . The Henry Ford Company was Henry Ford's first attempt at a car manufacturing company and was established on November 3, 1901. This became the Cadillac Motor Company on August 22, 1902, after Ford left with the rights to his name. In 1903, the Ford Motor Company was launched in a converted factory, with $ 28,000, equivalent to $ 950,000 in 2023, in cash from twelve investors, most notably John and Horace Dodge , who later founded

450-402: A decade the company led the world in the expansion and refinement of the assembly line concept, and Ford soon brought much of the part production in-house, via vertical integration . Henry Ford was 39 years old when he founded the Ford Motor Company, which became one of the world's largest and most profitable companies. It has been in continuous family control for over 100 years, and is one of

540-564: A division of Leidos / SAIC but acquired in 2006 by One Equity Partners . Since 2006, ANX has expanded into other markets and now provides managed security, compliance assurance, and connectivity services to businesses in the healthcare and retail as well as automotive sectors. The Automotive Network Exchange is the private extranet initially set up and maintained by the Automotive Industry Action Group , Telcordia , General Motors , Ford , and Chrysler . It

630-905: A driver that killed two men while using BlueCruise. In November 2024, Ford announced that it would cut 800 jobs in the UK and 2,900 in Germany to try and reduce costs. The key trends for the Ford Motor Company are (as of the financial year ending December 31): Members of the Ford board as of March 2023 are: William Clay Ford Jr. (executive chairman), Jim Farley (president and CEO), Kimberly Casiano , Alexandra Ford English (daughter of William Clay Ford Jr.), Henry Ford III (son of Edsel Ford II ), William W. Helman IV, Jon Huntsman Jr. , William E. Kennard , John C. May, Beth E. Mooney , John L. Thornton , John Veihmeyer , Lynn Vojvodich Radakovich, and John S. Weinberg. Jim Farley succeeded Jim Hackett as

720-479: A new mixed-use urban campus in the Corktown neighborhood of Detroit , with its purchase, renovation, and occupation of The Factory at Michigan and Rosa Parks. The new site was expected to have a major focus on the development of autonomous vehicle and electric vehicle technology. Ford later began buying up other parcels of land in Corktown including a very high-profile purchase of Michigan Central Station which

810-443: A plan to return the company to profitability. Fields previewed the plan, named The Way Forward , at the board meeting of the company on December 7, 2005, and it was unveiled to the public on January 23, 2006. "The Way Forward" included resizing the company to match market realities, dropping some unprofitable and inefficient models, consolidating production lines, closing 14 factories and cutting 30,000 jobs. Ford moved to introduce

900-418: A plurality of the voting power. 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 . By 1914, these methods were known around the world as Fordism . Ford's former UK subsidiaries Jaguar and Land Rover , acquired in 1989 and 2000, respectively, were sold to

990-508: A range of new vehicles, including " Crossover SUVs " built on unibody car platforms, rather than more body-on-frame chassis. In developing the hybrid electric powertrain technologies for the Ford Escape Hybrid SUV, the company licensed similar Toyota hybrid technologies in order to avoid patent infringements. Ford announced that it would team up with electricity supply company Southern California Edison (SCE) to examine

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1080-440: A result of high U.S. health care costs for an aging workforce , soaring gasoline prices, eroding market share, and an overdependence on declining SUV sales. Profit margins decreased on large vehicles due to increased "incentives" (in the form of rebates or low-interest financing) to offset declining demand. In the latter half of 2005, Chairman Bill Ford asked newly appointed Ford Americas Division President Mark Fields to develop

1170-491: A self-driving car startup. In May 2017, Ford announced cuts to its global workforce amid efforts to address the company's declining share price and to improve profits. The company is targeting $ 3 billion in cost reduction and a nearly 10% reduction in the salaried workforce in Asia and North America to enhance earnings in 2018. Jim Hackett was announced to replace Mark Fields as CEO of Ford Motor. Mr. Hackett most recently oversaw

1260-462: A standard deep-dish steering wheel, optional front, and, for the first time in a car, rear seatbelts, and an optional padded dash. Ford introduced child-proof door locks into its products in 1957, and, in the same year, offered the first retractable hardtop on a mass-produced six-seater car. In late 1955, Ford established the Continental division as a separate luxury car division. This division

1350-491: A ten-year building project. The result would see the number of Ford employees working in these areas doubling, to 24,000. During construction, some 2000 of the employees were relocated out of the campus to a temporary location in a disused section of the local shopping mall. Facilities would also be altered to allow ride-sharing and electric and self-driving vehicles. Estimates of the construction cost were $ 1.2 billion. On January 3, 2017, Ford CEO Mark Fields announced that in

1440-413: Is 129 km/h (80 mph). BlueCruise uses sensors and cameras to regulate the car's speed and to keep track of speed limits and road signs. It also monitors and keeps a safe distance from other vehicles. It also comes equipped with an eye-tracking system. If the driver stops looking at the road then the car will gradually reduce its speed. This technology will initially be offered in Ford's 2023 model of

1530-607: Is a driver safety program aimed at teens that were developed together with the Governors Highway Safety Association and safety experts. The Ford Volunteer Corps allows Ford employees and retirees to sign up for volunteering work on local projects in more than 40 countries. The organization invests $ 18 million annually in education in the United States and around the world, but accepts applications only from nonprofit organizations registered in

1620-805: Is a global organization, though its founding members are all American. AIAG is also a member of the Joint Automotive Industry Forum (JAIF). Other JAIF members include Europe's Odette International Ltd., the Japan Automobile Manufacturers Association and the Japan Auto Parts Industries Association. In Germany, the Verband der Automobilindustrie (VDA) promotes national standards. Ford Motor Company Ford Motor Company (commonly known as Ford )

1710-603: Is an American multinational automobile manufacturer headquartered in Dearborn, Michigan , United States. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobiles and commercial vehicles under the Ford brand, and luxury cars under its Lincoln brand. The company is listed on the New York Stock Exchange and is controlled by the Ford family . They have minority ownership but

1800-424: Is dependent on a vast supply chain of companies that provide parts and components, including major subsystems, to manufacturers. The AIAG provides services to companies at all levels of the supply chain, including standardization efforts, to help manage complexity. Of particular interest is services to sub-tier suppliers - those suppliers who in turn supply Tier 1 or Tier 2 manufacturers - as their ranks were thinned by

1890-730: Is designed to allow shippers to use U.S. Customs Free and Secure Trade (FAST) lanes which enable faster processing of shipments through border patrol and fewer inspections. The AIAG first developed standards for bar codes for automated tracking of parts through the supply chain in 1984 with a standard format called Code 39 . Prior to that, each automotive manufacturer had used more than one format, requiring multiple bar codes and multiple readers for single parts. A variety of software vendors provide automated bar code and label generation software designed to help suppliers comply with common requirements. Worldwide standards for barcoding have evolved due to consolidation, mergers, and supply chain practices in

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1980-456: Is designed to validate that the supplier has robust material planning and delivery processes in place to support overall business objectives. It is a required component of many automotive supplier programs, including Ford, GM, Chrysler, JLR, PSA, Volvo car and Volvo Truck. Returnable and reusable containers are used by the automotive industry to transport parts through the automotive supply chain. The AIAG has working groups and programs focused on

2070-435: Is estimated at anywhere from $ 3 billion to $ 16 billion across the entire US economy. Over 11,000 companies have registered with one of the conflict materials reporting platforms, iPoint, as of January 2014. AIAG works with member companies to provide support for best practices in the management of chemicals in the production process. Ford Motor Company has taken a lead in this effort, lending an executive in 2012-2013 to lead up

2160-632: Is not an option". Ford and the United Auto Workers , representing approximately 46,000 hourly workers in North America, agreed to a historic contract settlement in November 2007 giving the company a substantial break in terms of its ongoing retiree health care costs and other economic issues. The agreement included the establishment of a company-funded, independently run Voluntary Employee Beneficiary Association (VEBA) trust to shift

2250-507: Is planned to become the hub of their Corktown campus, and the adjacent Roosevelt Warehouse . Ford expects to move 2,500 of its employees, roughly 5 percent of its southeast Michigan workforce, to the campus with space for an additional 2,500 entrepreneurs, technology companies and partners. Bill Ford envisioned the first-floor concourse of the train station to be a public gathering place with retail outlets and restaurants. In February 2017, Ford Motor Co. acquired majority ownership of Argo AI ,

2340-400: Is quite similar to the concept of Design for Six Sigma (DFSS). It is a defined process for a product development system for General Motors, Ford, Chrysler and their suppliers. The purpose of APQP is "to produce a product quality plan which will support the development of a product or service that will satisfy the customer." A manual from AIAG describes the process in detail. The APQP process

2430-480: Is to be rebranded as Ford Pro, to focus on vehicle distribution and service. In August 2022, Ford announced it planned layoffs of roughly 3,000 employees and contract workers, confirming earlier reporting. The cuts would mostly affect divisions in the US, Canada, and India, which Jim Farley said would allow the company to prepare for the future of electric, software-heavy vehicles. In February 2023, Ford announced that it

2520-618: Is underway in European markets) and tagging of containers with RFID or bar codes for improved automation of container return. The Automotive Network Exchange is a private extranet initially set up and maintained by the Automotive Industry Action Group, Telcordia , General Motors , Ford , and Chrysler . It was launched in 1995 for the auto industry with a stated goal of providing consistent, reliable speed and guaranteed security for data transmissions between

2610-493: Is used in the automotive supply chain to establish confidence in component suppliers and their production processes, by demonstrating that: "....all customer engineering design record and specification requirements are properly understood by the supplier and that the process has the potential to produce product consistently meeting these requirements during an actual production run at the quoted production rate." Although individual manufacturers have their own particular requirements,

2700-692: The Dodge Brothers Motor Vehicle Company . The first president was not Ford, but local banker John S. Gray , who was chosen in order to assuage investors' fears that Ford would leave the new company the way he had left its predecessor. During its early years, the company produced just a few cars a day at its factory on Mack Avenue and later at its factory on Piquette Avenue in Detroit , Michigan . Groups of two or three men worked on each car, assembling it from parts made mostly by supplier companies contracting for Ford. Within

2790-537: The Ford Foundation ), based in Dearborn, Michigan, is the philanthropic arm of the Ford Motor Company. Established in 1949 by Henry Ford II , the organization is a nonprofit corporate foundation financed by contributions from Ford Motor Company. In 2017, it contributed $ 63 million to various causes with a focus on education, driving safely and community building. The Ford Driving Skills for Life program

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2880-748: The Ford Transit and later the Ford Escort and the Ford Capri became common to both companies. In 1970, the Ford Taunus and the Ford Cortina came into production with a common base construction, both models being produced in left hand drive and right hand drive . Later on, the models became identical and the respective models right- and left-hand-drive exclusively. Rationalisation of model ranges meant that production of many models in

2970-573: The Transit van continued at the company's Southampton facility until mid-2013, engines at Bridgend and Dagenham , and transmissions at Halewood . Development of European Ford is broadly split between Dunton in Essex (powertrain, Fiesta/Ka, and commercial vehicles) and Cologne (body, chassis, electrical, Focus, Mondeo) in Germany. Ford also produced the Thames range of commercial vehicles, although

3060-792: The VW Sharan and SEAT Alhambra . With the introduction of the third generation of the Galaxy, Ford has moved the production of the people-carrier to the Genk plant, with Volkswagen taking over sole ownership of the Setúbal facility. Automotive Network Exchange The Automotive Network Exchange (ANX), a large private extranet that connects automotive suppliers to automotive manufacturers. Founded in 1995 by Automotive Industry Action Group (a consortium of major US auto companies), ANX since 1999 has been owned and operated by ANXeBusiness Corp. , formerly

3150-419: The advanced product quality planning (APQP) and production part approval process (PPAP) quality standards. These documents have become a de facto quality standard in North America that must be complied with by all Tier I suppliers. Increasingly, these suppliers are now requiring complete compliance from their suppliers, so that many Tier II and III automotive suppliers now also comply. The automotive industry

3240-837: The industrialization of that country and consequently the Soviet war effort during World War II . To that end, in 1944, Stalin wrote a letter to the U.S. Chamber of Commerce stating that Henry Ford was "one of the world's greatest industrialists". During World War II, the United States Department of War picked Ford to mass-produce the Consolidated B-24 Liberator bomber at its Willow Run assembly plant. Ford Werke and Ford SAF , Ford's subsidiaries in Germany and France, respectively, produced military vehicles and other equipment for Nazi Germany 's war effort . Some of Ford's operations in Germany at

3330-613: The 1970s, manufactures the Transit Connect compact panel van as well as the "Jumbo" and long-wheelbase versions of the full-size Transit. This new production facility was set up near Kocaeli in 2002, and its opening marked the end of Transit assembly in Genk. Another joint venture plant near Setúbal in Portugal, set up in collaboration with Volkswagen , formerly assembled the Galaxy people-carrier as well as its sister ships,

3420-550: The AIAG formed a working group to allow member companies to share resources in identifying conflict minerals throughout the supply chain. Suppliers can use the iPoint Conflict Minerals Platform to track their compliance and provide mandated quarterly reporting in support of the legislation. These minerals are found in many automotive products, including fuel tanks, seat cushions, batteries, brake pads, radiators, sealants, glass and electronics. The task of complying with these new rules

3510-459: The AIAG has developed a common PPAP standard as part of the advanced product quality planning (APQP) process to encourage the use of common terminology and standard forms to document project status. The PPAP process is designed to demonstrate that the component supplier has developed their design and production process to meet the client's requirements, minimising the risk of failure. AIAG's corporate responsibility work began in 2005 in an effort by

3600-574: The Automotive Industry Action Group sold the ANX Network to the Science Applications International Corporation (SAIC), at that time the corporation now operating as Leidos before it spun off SAIC as a separate entity in 2013. The division overseeing the ANX Network became ANXeBusiness. During the next six years, over 4,000 companies joined the ANX Network, making it one of the largest extranets in

3690-544: The Detroit United Auto Workers union announced that after discussion with the leaders of General Motors , Ford, and Fiat Chrysler Automobiles , the carmakers would partially shut down factories on a "rotating" basis to mitigate the COVID-19 pandemic . On March 24, representatives of Ford announced that production in the US, Canada, and Mexico would not resume on March 30 as originally planned, amid

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3780-592: The Ford Fund announced its official name has changed to Ford Philanthropy. Ford has had manufacturing operations worldwide, including in the United States, Canada, Mexico, China, India, the United Kingdom, Germany, Turkey, Brazil, Argentina, Australia, and South Africa. Ford also helped the Soviet Union to construct Russian automaker GAZ . In May 2010, Ford reported that its sales increased 23% for

3870-811: The Indian automaker Tata Motors in March 2008. Ford owned the Swedish automaker Volvo from 1999 to 2010. In the third quarter of 2010, Ford discontinued the Mercury brand, under which it had marketed upscale cars in the United States, Canada, Mexico, and the Middle East since 1938. Ford is the second-largest U.S.-based automaker, behind General Motors , and the sixth-largest in the world , behind Toyota , Volkswagen Group , Hyundai Motor Group , Stellantis , and General Motors, based on 2022 vehicle production. At

3960-743: The Mercury in 1939 as a higher-priced companion car to Ford. Henry Ford purchased the Lincoln Motor Company in 1922, in order to compete with such brands as Cadillac and Packard for the luxury segment of the automobile market. In 1929, Ford was contracted by the government of the Soviet Union to set up the Gorky Automobile Plant in Russia initially producing Ford Model A and AAs, thereby playing an important role in

4050-585: The Models A , B, C, F, K, N, R, and S. Hundreds or a few thousand of most of these were sold per year. In 1908, Ford introduced the mass-produced Model T , which totaled millions sold over nearly 20 years. In 1927, Ford replaced the T with the Model A , the first car with safety glass in the windshield. Ford launched the first low-priced car with a V8 engine in 1932. In an attempt to compete with General Motors' mid-priced Pontiac, Oldsmobile, and Buick, Ford created

4140-592: The Mustang, due to declining demand and profitability. The Focus Active, a crossover SUV based on the newly unveiled fourth-generation Focus, was also intended to be marketed in the United States. Due to the vehicle being manufactured in China, Ford later announced that it would not release the Focus Active in the United States, due to tariffs imposed by the Trump administration on Chinese exports . In March 2020,

4230-564: The North American market frequently cross the US-Canadian and US-Mexico boundaries. Supply chain security efforts to enhance the security of the supply chain by such activities as credentialing of participants in the supply chain, screening and validating of the contents of cargo being shipped, and advance notification of the contents to the destination country. An AIAG initiative in customs and supply chain security seeks to address

4320-473: The U.S. Education programs and scholarships include Alan Mulally Engineering Scholarship, Ford Blue Oval Scholars Program, Ford College Community Challenge (Ford C3), Ford Driving Dreams Tour, Ford Fund/Detroit Free Press Journalism Scholarship, Ford Next Generation Learning (Ford NGL), Grants to Individuals Program, HBCU Community Challenge, Smithsonian Latino Center Young Ambassadors Program, and William Clay Ford Automotive Design Scholarship. On April 29, 2024,

4410-602: The UK switched to elsewhere in Europe, including Belgium and Spain as well as Germany. The Ford Sierra replaced the Taunus and Cortina in 1982, drawing criticism for its radical aerodynamic styling, which was soon given nicknames, the "Jellymould" and "The Salesman's Spaceship". In February 2002, Ford ended car production in the UK. It was the first time in 90 years that Ford cars had not been made in Britain, although production of

4500-461: The automakers and their suppliers. The ANX Network was designed to allow trading partners to collaborate electronically on product design and development; solicit and process orders, and facilitate just-in-time manufacturing and post-shipping schedules. In 1999 the Automotive Industry Action Group sold the ANX Network to the Science Applications International Corporation (SAIC), in the face of criticism about high costs and interoperability problems on

4590-491: The burden of retiree health care from the company's books, thereby improving its balance sheet. This arrangement took effect on January 1, 2010. As a sign of its currently strong cash position, Ford contributed its entire current liability (estimated at US$ 5.5 billion as of December 31, 2009) to the VEBA in cash, and also pre-paid US$ 500 million of its future liabilities to the fund. The agreement also gave hourly workers

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4680-625: The chief executive officer of the company in August 2020; he previously served as Ford's chief operating officer. Hackett stayed in the company as an advisor until the second quarter of 2021. Ford is mainly owned by institutional investors, who own around 60% of shares. The largest shareholders in December 2023 were: The Ford Philanthropy, formerly known as the Ford Motor Company Fund (also known as Ford Fund, not affiliated with

4770-477: The company until 2014. Ford also named Mark Fields, its president of operations in the Americas, as its new chief operating officer Mulally was paid a compensation of over $ 174 million in his previous seven years at Ford since 2006. The generous amount has been a sore point for some workers of the company. In April 2016, Ford announced a plan to modernize its Dearborn engineering and headquarters campuses through

4860-400: The company; at the beginning the vaccination program would be in southeast Michigan, Missouri and Ohio, but it was to be expanded later on to other locations. In March 2022, Ford announced that it would restructure the company into three separate divisions. Ford Model E is to focus on electric vehicles; Ford Blue is to focus on internal combustion vehicles; and the existing commercial division

4950-642: The cost of credit default swaps to insure the debt of Ford was 68 percent of the sum insured for five years, in addition to annual payments of 5 percent. That meant $ 6.8 million paid upfront to insure $ 10 million in debt, in addition to payments of $ 500,000 per year. In January 2009, Ford reported a $ 14.6 billion loss in the preceding year, a record for the company. The company retained sufficient liquidity to fund its operations. Through April 2009, Ford's strategy of debt-for-equity exchanges erased $ 9.9 billion in liabilities (28% of its total) in order to leverage its cash position. These actions yielded Ford

5040-399: The development and production of automotive components, as well as to synchronize and minimize compliance and certification costs for suppliers that had otherwise faced multiple certifications of quality from multiple OEMs. Advanced product quality planning (or APQP) is a framework of procedures and techniques used to develop products in the industry, particularly the automotive industry. It

5130-500: The development of initiatives in returnable container visibility, tracking, and needs calculation, container and packaging standardization, and other best practices related to increasing efficiency in containers and packaging management. Efforts in this area focus on reducing the cost of shipping containers and eliminating theft of empty containers which are valuable for the economic content of the component plastics they are made of. Efforts under study include pooling of use of containers (as

5220-595: The effort. Business for Social Responsibility (BSR), a non-profit that promotes social responsibility in businesses, worked with the AIAG in 2009 to develop programs and best practices relating to improving working conditions in the global automotive industry. The project was funded in part by the United States Department of State . As an industry group, the AIAG has undertaken policies to ensure that it and its members do not violate antitrust laws while engaged in AIAG-facilitated activities. These policies include

5310-455: The electric Mustang Mach-E SUV. According to Thatcham Research, an automotive research company, this model is not a self-driving car. It is classified as a level 2 or partial automation assistance system. This means that technology controls two or more driving aspects but still requires human driver control in cases of emergencies. The driver is still legally responsible for accidents. In August 2024 Pennsylvania State Police filed charges against

5400-435: The end of 2010, Ford was the fifth-largest automaker in Europe. The company went public in 1956 but the Ford family, through special Class B shares , retain 40 percent of the voting rights. During the 2008–2010 automotive industry crisis , the company struggled financially but did not have to be rescued by the federal government, unlike the other two major US automakers. Ford Motors has since returned to profitability, and

5490-414: The formation of Ford Smart Mobility, a unit responsible for experimenting with car-sharing programs, self-driving ventures and other programs aimed at helping Ford better compete with Uber , Alphabet Inc. and other tech giants looking to edge in on the auto industry. On April 25, 2018, Ford announced that it would discontinue passenger cars in the North American market in the next four years, except for

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5580-436: The further coronavirus pandemic spread. In the first quarter of 2020, Ford's sales dropped by 15%, entailing the loss of $ 2 billion. With the change in the demand for the sport vehicles, on January 6, 2021, Ford reported a sales fall of 9.8% in the fourth quarter, selling 542,749 vehicles, compared to 601,862 in 2019. In April 2021, Ford said that it would provide COVID-19 vaccines for its employees, who were to obtain them at

5670-551: The future of plug-in hybrids in terms of how home and vehicle energy systems will work with the electrical grid. Under the multimillion-dollar, multi-year project, Ford is to convert a demonstration fleet of Ford Escape Hybrids into plug-in hybrids, and SCE is to evaluate how the vehicles might interact with the home and the utility's electrical grid. Some of the vehicles are to be evaluated "in typical customer settings", according to Ford. William Clay Ford Jr. , great-grandson of Henry Ford (and better known by his nickname "Bill"),

5760-434: The gains, the company finished the year with a $ 2.7 billion loss, largely attributed to finance restructuring at Volvo . On June 2, 2008, Ford sold its Jaguar and Land Rover operations to Tata Motors for $ 2.3 billion. During congressional hearings held in November 2008 at Washington D.C., Ford's Alan Mulally stated that "We at Ford are hopeful that we have enough liquidity. But we also must prepare ourselves for

5850-535: The industry are members. AIAG's corporate governance relies on over 650 volunteers from various automotive companies who lend their expertise to working groups, subcommittees, and leadership roles. The AIAG staff supports the efforts of the volunteers and handles administrative roles. Executives on loan from OEMs and Tier One suppliers often provide key leadership roles in major initiatives and programs. The AIAG publishes automotive industry standards and offers educational conferences and training to its members, including

5940-549: The industry. As of 2014, there are also bar code standards in use developed by General Motors (GM1724), the Odette "Global Transport Label", and the German Verband der Automobilindustrie VDA-4902. MMOG/LE (short for Materials Management Operations Guideline / Logistics Evaluation) is a self-assessment tool used by auto suppliers to score their competency in materials handling and logistics. Developed by AIAG, this self-survey

6030-488: The industry. Mulally stated that "In addition to our plan, we are also here today to request support for the industry. In the near-term, Ford does not require access to a government bridge loan. However, we request a credit line of $ 9 billion as a critical backstop or safeguard against worsening conditions as we drive transformational change in our company". GM and Chrysler received government loans and financing through T.A.R.P. legislation funding provisions. On December 19,

6120-433: The issue of supply chain security by forming a centralized Web-based to identify the movement of finished goods, parts and materials through the automotive supply chain. This database, known as the ' Supply Safe-Supplier Security Assessment , provides a central repository for information which is shared as needed throughout the supply chain and to satisfy US Customs and Border Patrol compliance requirements. The resulting effort

6210-400: The job security they were seeking by having the company commit to substantial investments in most of its factories. The automaker reported the largest annual loss in company history in 2006 of $ 12.7 billion, and estimated that it would not return to profitability until 2009. However, Ford surprised Wall Street in the second quarter of 2007 by posting a $ 750 million profit. Despite

6300-585: The largest family-controlled companies in the world. The first gasoline-powered automobile was created in 1885 by the German inventor Karl Benz , with his Benz Patent-Motorwagen . More efficient production methods were needed to make automobiles affordable for middle class people. To which Ford contributed by, for instance, introducing the first moving assembly line in 1913 at the Ford factory in Highland Park . Between 1903 and 1908, Ford produced

6390-556: The leadership of several AIAG member companies to provide shared leadership and messaging regarding corporate social responsibility in the automotive industry. An annual summit brings together industry leaders for education. The Dodd–Frank Wall Street Reform and Consumer Protection Act , passed in July 2010, mandates that public companies report on their direct and indirect sources for "conflict minerals" - gold, tin, tantalum, and tungsten - in their SEC filings beginning in 2014. In response,

6480-541: The mid-to-late 1990s, Ford continued to sell large numbers of vehicles, in a booming American economy with a soaring stock market and low fuel prices. With the dawn of the new century, legacy health care costs , higher fuel prices, and a faltering economy led to falling market shares, declining sales, and diminished profit margins. Most of the corporate profits came from financing consumer automobile loans through Ford Motor Credit Company . By 2005, both Ford and GM 's corporate bonds had been downgraded to junk status as

6570-490: The month, and that 37% of its sales came from fleet sales. In June 2010, sales to individual customers at dealerships increased 13% while fleet sales rose by 32%. In the first seven months of 2010, fleet sales of Ford for the same period rose 35% to 386,000 units while retail sales increase 19%. Fleet sales account for 39 percent of Chrysler's sales and 31 percent for GM's. At first, Ford in Germany and Ford in Britain built different models from one another until 1965, when

6660-557: The needs of the virtual automotive manufacturer, enabling the formation of “many-to-many” relationships, where trading partners can simultaneously subscribe to multiple model programs or opt out as the situation dictates. The ANX Network was designed, built and operated to deliver highly secure collaboration between strategic business partners. The ANX Network is a secure private network that uses standard, open Internet protocols but carries all traffic over private lines leased from various carriers. Through IPsec and end-to-end encryption ,

6750-474: The network. In 2006, the private equity firm One Equity Partners acquired ANXeBusiness from SAIC. Since 2006, ANX has expanded into the healthcare, retail, and automotive sectors. The quality efforts in the AIAG focus on industry-wide efforts to improve the production quality of parts suppliers at all tiers. The industry depends on a network of suppliers, many of which provide parts for multiple OEMs. Quality programs seek to provide industry-wide improvements in

6840-473: The past two years and will lose a similar amount in 2023 as the company looks to significantly invest in Electric Technology. The Ford Model E is expected to be profitable by 2026. In April 2023, United Kingdom ministers approved Ford's BlueCruise technology. Because of this assisted driving technology, Ford drivers can now legally take their hands off the wheel on certain roads. Its top speed

6930-407: The prospect of further deteriorating economic conditions". He went on to state that "The collapse of one of our competitors would have a severe impact on Ford" and that Ford Motor Company supported both Chrysler and General Motors in their search for government bridge loans during the 2008–2010 automotive industry crisis . Together, the three companies presented action plans for the sustainability of

7020-437: The publication of times and dates of AIAG member meetings, recitation of its antitrust policy at meetings, and detailed meeting notes maintained for each meeting. Also prohibited at each meeting is a long list of anti-competitive behaviours, including any discussion of pricing, price fixing, allocation of sales, design and marketing, credit terms, supplier selection, trade secrets, and confidential or proprietary information. AIAG

7110-549: The retirement of president and chief operations officer Jim Padilla in April 2006, Bill Ford assumed his roles as well. Five months later, in September, Ford named Alan Mulally as president and CEO, with Ford continuing as executive chairman. In December 2006, the company raised its borrowing capacity to about $ 25 billion, placing substantially all corporate assets as collateral. Chairman Bill Ford has stated that "bankruptcy

7200-628: The severity of the automotive industry crisis of 2008–2010 . Government-sponsored initiatives including the Customs-Trade Partnership Against Terrorism (C-TPAT) and Partners in Protection (PIP) are cooperative programs aimed at strengthening and improving international supply chains and improving supply chain security . Automotive parts suppliers and OEMs have a substantial interest in efficient transportation of parts across borders, as supply chains in

7290-487: The time were run using forced labor . The creation of a scientific laboratory in Dearborn, Michigan, in 1951, doing unfettered basic research, led to Ford's involvement in superconductivity research. In 1964, Ford Research Labs made a key breakthrough with the invention of a superconducting quantum interference device or SQUID . Ford offered the Lifeguard safety package from 1956 , which included such innovations as

7380-733: The use of this brand name was discontinued with the introduction of the Ford Transit in 1965. Elsewhere in continental Europe, Ford assembles the Mondeo, Galaxy , S-Max and Kuga in Valencia (Spain), Fiesta in Cologne (Germany), Focus in Saarlouis (Germany), Ecosport and Puma in Craiova (Romania). Ford also owns a joint-venture production plant in Turkey. Ford Otosan , established in

7470-444: The world. In 2006, the private equity firm One Equity Partners acquired ANXeBusiness from Leidos/SAIC. The automotive industry is heavily dependent on collaboration between manufacturers and suppliers. These entities act as federated virtual companies for critical materials, parts, components, and services. High velocity supply chains are imperative to the success of these virtual companies. They must be flexible to accommodate

7560-495: Was appointed executive chairman in 1998, and also became chief executive officer of the company in 2001, with the departure of Jacques Nasser , becoming the first member of the Ford family to head the company since the retirement of his uncle, Henry Ford II , in 1982. Ford sold motorsport engineering company Cosworth to Gerald Forsythe and Kevin Kalkhoven in 2004, the start of a decrease in Ford's motorsport involvement. Upon

7650-403: Was built as a private network for the auto industry in 1995 to provide consistent, reliable speed and guaranteed security for data transmissions between the automakers and their suppliers. The ANX Network allows trading partners to collaborate electronically on product design and development; solicit and process orders; and facilitate just-in-time manufacturing and post shipping schedules. In 1999

7740-480: Was developed in the late 1980s by a commission of experts gathered from the 'Big Three' US automobile manufacturers: Ford, GM and Chrysler. This commission spent five years analyzing the then-current status of automotive development and production in the US, Europe and especially in Japan. At the time, Japanese automotive companies were seeing remarkable success in the US market Production part approval process ( PPAP )

7830-518: Was going to cut 3,800 jobs across Europe, with the job cuts mainly focusing on their German and British workforce. Ford will be cutting 2,300 jobs from Germany, 1,300 from the United Kingdom, and an additional 200 jobs in the rest of Europe, according to the head of Ford Germany, Martin Sander. The cuts will mainly be done to the company's engineers. Ford also announced during the year that their electric vehicle business had lost $ 3 billion before taxes over

7920-552: Was introduced on April 17, 1964, during the 1964 New York World's Fair , where Ford had a pavilion made by The Walt Disney Company . In 1965, Ford introduced the seat belt reminder light. With the 1980s, Ford introduced several highly successful vehicles around the world. During the 1980s, Ford began using the advertising slogan, "Have you driven a Ford, lately?" to introduce new customers to their brand and make their vehicles appear more modern. In 1990 and 1994, respectively, Ford also acquired Jaguar Cars and Aston Martin . During

8010-511: Was responsible for the manufacture and sale of the famous Continental Mark II . At the same time, the Edsel division was created to design and market that car starting with the 1958 model year. Due to limited sales of the Continental and the Edsel disaster, Ford merged Mercury, Edsel, and Lincoln into "M-E-L," which reverted to "Lincoln-Mercury" after Edsel's November 1959 demise. The Ford Mustang

8100-406: Was the eleventh-ranked overall American-based company in the 2018 Fortune 500 list, based on global revenues in 2017 of $ 156.7 billion. In 2023, Ford produced 4.4 million automobiles, and employed about 177,000 employees worldwide. The company operates joint ventures in China ( Changan Ford ), Taiwan ( Ford Lio Ho ), Thailand ( AutoAlliance Thailand ), and Turkey ( Ford Otosan ). Ford owns

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