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102-487: During the 1930s both Breda and SAFAT (a division of FIAT ) were given the task of producing designs for a new range of machine-guns for use in aircraft of the Regia Aeronautica , the offering from Breda being preferred. FIAT contested the decision but lost, resulting in the sale of SAFAT to Breda to form Breda-SAFAT. Despite the aim of producing an airborne machine-gun equal or superior to other similar weapons,

204-611: 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

306-503: 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

408-685: 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

510-402: 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

612-905: 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

714-645: A long history of licensing manufacture of its products in other countries. Fiat Automobiles has received many international awards for its vehicles, including nine European Car of the Year awards, the most of any other manufacturer, and it ranked many times as the lowest level of CO 2 emissions by vehicles sold in Europe. On 11 July 1899, Giovanni Agnelli was part of the group of founding members of FIAT, Fabbrica Italiana di Automobili Torino . The first Fiat plant opened in 1900 with 35 staff making 24 cars. Known from

816-534: A loss of $ 14,000. In 2016, after Tesla had announced the Model 3 and had a high number of reservations for the electric car, Marchionne questioned whether Tesla could produce the cars and be profitable. He then stated that "if Tesla CEO Elon Musk can demonstrate that the car will be profitable at that price, I will copy the formula, add the Italian design flair, and get it to the market within 12 months." In 1971,

918-479: 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

1020-637: A new plant was built in Poughkeepsie , NY , by the newly founded American F.I.A.T. Automobile Company. Owning a Fiat at that time was a sign of distinction. The cost of a Fiat in the US was initially $ 4,000 and rose to $ 6,400 in 1918, compared to $ 825 and $ 525 for a Ford Model T in 1908 and 1918 respectively. During World War I , Fiat had to devote all of its factories to supplying the Allies with aircraft, engines, machine guns, trucks, and ambulances. Upon

1122-632: A new specific company agreement in the automotive sector, starting from the Pomigliano production plant. Fiat built their five-story Lingotto plant between 1915 and 1918, at which time it was Europe's largest car manufacturing plant. Later the Mirafiori plant was built, also in Turin . To prepare for the production of the all-new Fiat 128 , Fiat opened their Rivalta plant in October 1968. Until

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1224-443: 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

1326-540: A range of models focused on those two segments (accounting for the 84% of its sales in 2011). Fiat does not currently offer any large family cars, nor executive cars: these market segments are to some extent covered by the Lancia , Alfa Romeo and Maserati brands, which Fiat also owns. Fiat's share of the European market shrank from 9.4 percent in 2000 to 5.8 percent in the summer of 2004. At this point Sergio Marchionne

1428-508: 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

1530-440: 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

1632-491: 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

1734-462: 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

1836-491: 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

1938-413: 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

2040-607: 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

2142-506: Is an Italian automobile manufacturer, formerly part of Fiat Chrysler Automobiles , and since 2021 a subsidiary of Stellantis through its Italian division Stellantis Europe . Fiat Automobiles was formed in January 2007 when Fiat S.p.A. reorganized its automobile business, and traces its history back to 1899, when the first Fiat automobile, the Fiat 4 HP , was produced. Fiat Automobiles is

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2244-632: 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

2346-507: 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 ,

2448-412: 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 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

2550-432: 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

2652-692: 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

2754-571: The Fiat 124 Sport Spider was prepared for the World Rally Championship when Abarth became involved with its production and development and from 1972 had relative success with two wins in 1972, one in 1973, and won 1st, 2nd and 3rd in the 1974 Portuguese TAP Rally. The Fiat 131 Abarth was a very successful rally car replacing the 124. Between 1976 and 1981 the Fiat 131 won 18 World Rally Championship events, resulting in winning

2856-573: The Fiat–Revelli Modello 1914 . Fiat-brand cars are built in several locations around the world. Outside Italy, the largest country of production is Brazil, where the Fiat brand was the market leader for many years. The group also has factories in Argentina, Poland and Mexico (where Fiat-brand vehicles are manufactured at plants owned and operated by Stellantis North America for export to the United States, Brazil, Italy and other markets) and

2958-597: 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 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

3060-537: 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

3162-748: 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

Breda-SAFAT machine gun - Misplaced Pages Continue

3264-708: The Phylla concept, and the Fiat Bugster concept in Brazil. Fiat joined utility companies Cemig and Itaipu to develop new electric vehicles for Brazil, with production in 2009 of the Palio Weekend Electric. Fiat launched the electric 500e , a compliance car , in California in 2013, but no sales were planned for Europe. Fiat CEO Sergio Marchionne claimed in 2014 that each one was sold at

3366-573: 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

3468-837: 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

3570-521: The "original" calibre German Mauser 20 mm (0.787 in) MG 151 cannon to give their aircraft parity in firepower with Allied fighters, with as many as three MG 151 fitted to Macchi MC.205 , Fiat G.55 and Reggiane Re.2005 —the third cannon firing through the propeller hub of the licence-built Daimler-Benz DB 605 engines (Fiat Tifone ) inline inverted V12 engines used to power these aircraft—in addition to synchronized cowl-mounted 12.7mm Bredas-SAFATs. The Breda guns, although adequate in 1935 at

3672-473: The 128 entered production, the plant was used to build sports versions of the 850 and 124 as well as parts for the Fiat Dino . Fiat's 2018 range of passenger car engines comprised eleven units, eight petrols and three diesels. Their current range of models is the following: Fiat sales in 2011 were up to 676,704 (less 17.3% versus the previous year): Light commercial vehicles are sold in Europe under

3774-602: The 1950s, selling the original 500, Fiat 600 Multipla , Fiat 1100 , Fiat 1200 , and the Fiat 1300 from 1961. Models produced from the 1960s onward include the Fiat 124 Sport Spider and the Fiat X1/9 - these two sporting cars remained rather successful in the United States market, which took nearly sixty percent of the total production in 1980. Fiat gained a reputation for selling poor quality cars in North America, mostly over rust and poor reliability. The last new Fiat model to be introduced in North America during this era

3876-664: 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,

3978-521: The 500 in both coupe and convertible body styles, and the Panda. Fiat was present in the Indian market from 1948 until 2019. They were last operating in a joint venture with Tata Motors before going solo in 2012. The Fiat 500 ( Italian : cinquecento , Italian pronunciation: [ˌtʃiŋkweˈtʃɛnto] ) is a car produced by the Fiat company of Italy between 1957 and 1975, with limited production of

4080-544: 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

4182-555: The FIA European Rally Championship , followed by three successive wins in 2009, 2010 and 2011. Ford Motor Company Ford Motor Company (commonly known as Ford ) 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

Breda-SAFAT machine gun - Misplaced Pages Continue

4284-571: The Fiat 500 K estate continuing until 1977. The car was designed by Dante Giacosa . Redesigned in 2007, it is currently distributed worldwide. The Fiat Panda is a city car from the Italian automotive manufacturer Fiat. The current version is the third one distributed as from 2012. The European Car of the Year award has been awarded twelve times to the Fiat Group over the last forty years, more than any other manufacturer. Nine of these awards were won by Fiat Automobiles models. Fiat models awarded

4386-559: The Fiat 500 in 2019 while sales of leftover dealer stock continued into 2020. FIAT also discontinued the 124 spider and 500L models in 2020. FIAT announced a new car will be released; a plug-in 500e to launch in 2024. Fiat passenger cars began assembly in South Africa in 1950, and full production in their Rosslyn plant commenced in 1966. Sales reached a peak market share of about five percent around 1970 but then dropped precipitously. A new 128 -based half-ton pickup truck helped turn

4488-590: The Fiat brand, European Fiat Professional light commercial vehicles as: Models that have already been sold in Brazil: In 1908, the Fiat Automobile Co. was established in the United States with a factory in Poughkeepsie, N.Y. , began producing Fiats a year later, like the Fiat 60 HP and the Fiat 16-20 HP . These were luxury cars. The New Jersey factory was closed after the U.S. entered World War I in 1917. Fiat returned to North America in

4590-592: 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

4692-604: The Italian car market. In 1928, with the 509 , Fiat included insurance in the purchase price. Fiat made military machinery and vehicles during World War II for the Army and Regia Aeronautica and later for the Germans. Fiat made fighter aircraft like the biplane CR.42 Falco , which was one of the most common Italian aircraft, along with Savoia-Marchettis , as well as light tanks (obsolete compared to their German and Soviet counterparts) and armored vehicles. The best Fiat aircraft

4794-743: 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

4896-534: 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

4998-592: 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,

5100-473: 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,

5202-568: The UK from June 1983) being the company's best-seller in the UK, and its share fell sharply in the early 1990s before the arrival of the Punto in March 1994 rejuvenated the company's UK fortunes. The second-generation Punto was a strong seller in the UK after its October 1999 launch, but the new modern-day Fiat 500 (launched there in January 2008) has accounted for most of the company's UK sales in more recent years. The original Fiat 500 had been one of

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5304-549: 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

5406-775: The WRC Drivers Championship two times: in 1978 , and in 1980 , and winning the WRC Constructors Championship three times: in 1977 , 1978 , and in 1980 . Lancia took over the role of motorsport for the Fiat Group during the 1980s. After a long break of factory-supported entries, in 2003 a Fiat Punto S1600 won the Italian Rally Championship, and in 2006 the Fiat Grande Punto S2000 won

5508-476: The addition of a special family which derives from a common platform (called "Project 178"): Palio , Siena , Palio Weekend and Strada . Recently a range of new models developed in Brazil has been launched: Pulse , Fiorino , Toro , Argo , and Mobi . Other European models are currently imported to Brazil: 500e , imported from Italy , and Cronos , imported from Argentina . Fiat sells in Brazil under

5610-566: The anti-aircraft role and remained in service until the 1970s as reserve weapons; even if all the aircraft that they equipped had been phased out by that time. [REDACTED] Media related to Breda-SAFAT at Wikimedia Commons FIAT Fiat Automobiles S.p.A. ( UK : / ˈ f iː ə t , - æ t / FEE -ət, -⁠at , US : /- ɑː t / -⁠aht , Italian: [ˈfiːat] ; originally FIAT , Italian : Fabbrica Italiana Automobili di Torino ; lit.   ' Italian Automobiles Factory of Turin ' )

5712-412: The armourers because of its reliability. Thus, Italy lacked machine-guns with the critical qualities of light weight, a high rate of fire, good muzzle velocity, good projectile weight and reliability, while the Soviets, Germans, Americans and Japanese had 12.7 mm calibre automatic ordnance in the Berezin UB , MG 131 , Browning M2 , and Ho-103 respectively. Late-war Italian aircraft began to adopt

5814-452: The beginning for the talent and creativity of its engineering staff, by 1903 Fiat made a small profit and produced 135 cars; this grew to 1,149 cars by 1906. The company then went public selling shares via the Milan stock exchange . Agnelli led the company until his death in 1945, while Vittorio Valletta administered the firm's daily activities. Its first car, the 3 ½ CV (of which only 24 copies were built, all bodied by Alessio of Turin)

5916-424: The beginning of 2012, Fiat was only importing Fiat Bravo and Fiat 500 model. However, in 2012 Fiat and GAC opened a joint venture plant to produce the first Fiat vehicle specifically developed for the Chinese market ever: the Fiat Viaggio , a compact car derived from another Fiat model, the Dodge Dart (in turn derived from another Fiat car, the Alfa Romeo Giulietta ). Fiat currently offers Japanese consumers

6018-402: The brand Fiat Professional . Fiat was already exporting cars to the UK market by the outbreak of World War II in 1939. Its market share increased rapidly during the 1970s, with the 127 supermini and 128 range of small family cars being the biggest sellers, selling largely on practicality and efficiency. Fiat's market share increased further during the 1980s with the Fiat Uno (imported to

6120-440: 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

6222-440: 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

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6324-421: 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

6426-414: The company. However, the Italian Socialist Party and its ally organization, the Italian General Confederation of Labour , in an effort to effect a compromise with the centrist parties ordered the occupation ended. In 1922, Fiat began to build the famous Lingotto car factory—then the largest in Europe—which opened in 1923. It was the first Fiat factory to use assembly lines; by 1925, Fiat controlled 87% of

6528-400: 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

6630-401: The construction of a truck and bus plant at Tripoli . Chairman Agnelli candidly described the deal as "a classic petro-money recycling operation which will strengthen the Italian reserves, provide Fiat with fresh capital and give the group greater tranquility in which to carry out its investment programmes". On 29 January 2014, it was announced that Fiat S.p.A. (the former owner of Fiat Group)

6732-642: 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

6834-455: 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

6936-406: The entry of the US into the war in 1917, the factory was shut down as US regulations became too burdensome (the site was eventually sold to Western Publishing ). After the war, Fiat introduced its first tractor, the 702. By the early 1920s, Fiat had a market share in Italy of 80%. In 1921, workers seized Fiat's plants and hoisted the red flag of communism over them. Agnelli responded by quitting

7038-414: The few direct competitors for the iconic Mini during its 1960s heyday. Fiat has long invested in South America, mainly in Brazil (where Fiat has been the market leader for many years) and in Argentina . They built their first Brazilian car plant in the Greater Belo Horizonte city of Betim in 1973, after initially assembling tractors there. The Brazilian range is similar to the European one, with

7140-414: 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

7242-436: 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

7344-551: 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"),

7446-434: 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

7548-510: The highest number, 1.4 million cars, in that country. As of 2002, Fiat built more than 1 million vehicles at six plants in Italy and the country accounted for more than a third of the company's revenue. Towards the end of 1976, it was announced that the Libyan government was to take a shareholding in the company in return for a capital injection. Other aspects of the Libyan agreement included

7650-488: 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,

7752-400: 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

7854-401: The largest automobile manufacturer in Italy. During its more than century-long history, it remained the largest automobile manufacturer in Europe and the third in the world after General Motors and Ford for over 20 years, until the car industry crisis in the late 1980s. In 2013, Fiat S.p.A. was the second-largest European automaker by volumes produced and the seventh in the world , while FCA

7956-585: 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

8058-541: 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

8160-490: 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

8262-473: 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

8364-407: 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

8466-549: 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

8568-627: The return of the Fiat brand to North America after a 25-year absence. The first Fiat-branded model to appear was the internationally popular Fiat 500 city car. The Fiat 500 model is built at Chrysler's assembly plant in Toluca, Mexico, which currently makes also the Dodge Journey and Fiat Freemont crossovers. Fiat is also selling their commercial vehicles Fiat Ducato and Fiat Doblò in North America, rebranded as Ram ProMaster and Ram ProMaster City respectively. FIAT discontinued production of

8670-666: The situation around. It also assembled in Egypt through El-Nasr Automotive Manufacturing Company which assembled FIAT brands 125-127-128. On 13 October 2022, Fiat Brand and the Algerian government signed a framework agreement aimed at local production of vehicles and the development of the automotive sector in Algeria. Fiat's presence in the Chinese market is limited compared to its European, Japanese, Korean, and American rivals. At

8772-510: The time of their design, were out-classed by the standards of 1940, with Italian fighters such as the Fiat C.R.42 , Fiat G.50 Freccia , Macchi MC.200 , Macchi MC.202 and Reggiane Re.2000 still only having two 12.7 mm Breda-SAFAT machine-guns and sometimes two extra 7.7 mm Breda-SAFAT machine-guns. Despite their shortcomings, thousands of Breda guns were built in the 1930s and 1940s, arming nearly every Italian fighter and bomber of that period. Many of these weapons were also adapted for

8874-487: 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

8976-500: The title: Fiat Automobiles, one of Europe's 10 best-selling automotive brands, has for the second year running been confirmed as having the lowest average value for CO 2 emissions from vehicles sold in 2008: 133.7 g/km (137.3 g/km in 2007). This was corroborated by JATO , a provider of automotive data. Fiat started the development of electric vehicles back in the mid-1970s, with the Fiat X1/23 concept. In 2008, Fiat showed

9078-610: The use of low propellant capacity rounds resulted in significantly lower muzzle velocities than other weapons of similar calibres. Other inadequacies included high weight and modest rates of fire as well as the ineffectiveness of the High Explosive-Incendiary-Tracer round. However, despite these shortcomings, the Breda-SAFAT gun was generally praised by the Italian pilots and armourers: the pilots because of its long range and apparent good hitting power,

9180-733: 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

9282-668: 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 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

9384-602: The world as Fordism . Ford's former UK subsidiaries Jaguar and Land Rover , acquired in 1989 and 2000, respectively, were sold to 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

9486-456: Was appointed as Fiat's chief executive. By March 2009 their market share had expanded to 9.1 percent. Marchionne introduced an informal climate and reduced the links in the chain of command from nine to five. He unilaterally decided to leave the Fiat group from Confindustria and Federmeccanica , and to cancel the national collective labor agreement in the engineering sector by starting separate negotiations with some trade union organizations for

9588-495: 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

9690-468: Was based on a design purchased from Ceirano GB & C and had a 697 cc (42.5 cu in) boxer twin engine. In 1903, Fiat produced its first truck. In 1908, the first Fiat was exported to the US. That same year, the first Fiat aircraft engine was produced. Also around the same time, Fiat taxis became popular in Europe. By 1910, Fiat was the largest automotive company in Italy . That same year,

9792-518: 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

9894-552: 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

9996-511: 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

10098-628: Was the G.55 fighter, which arrived too late and in too limited numbers. In 1943, the year Benito Mussolini was overthrown, the National Liberation Committee removed the Agnelli family from leadership roles in Fiat because of its ties to Mussolini 's government. They were not returned until 1963, when Giovanni's grandson, Gianni , took over as general manager until 1966, and as chairman until 1996. In 1970, Fiat employed more than 100,000 in Italy when its production reached

10200-625: Was the Strada , in February 1979. Sales in the US fell accordingly, from a high of 100,511 cars in 1975 to 14,113 in 1982. Accordingly, Fiat left the United States car market in 1983, although the Spider and the X1/9 continued to be sold in small numbers with Pininfarina and Bertone badging respectively. In January 2009, the Fiat Group acquired a 20% stake in US automaker Chrysler LLC . The deal saw

10302-454: Was the world's eighth-largest automaker. In 1970, Fiat Automobiles employed more than 100,000 in Italy when its production reached the highest number, 1.4 million cars, in that country. As of 2002, it built more than 1 million vehicles at six plants in Italy and the country accounted for more than a third of the company's revenue. Fiat has also manufactured railway engines , military vehicles, farm tractors, aircraft , and weapons such as

10404-565: Was to be merged into a new Netherlands-based holding company Fiat Chrysler Automobiles NV (FCA). On 1 August 2014, Fiat S.p.A. received the necessary shareholder approval to proceed with the merger, which became effective on 12 October 2014. FCA then merged with the French manufacturer PSA Group in 2019, with the new conglomerate being named Stellantis in 2020. Fiat's main market is Europe, mainly focused on Italy. Historically successful in building city cars and Superminis, currently Fiat has

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