The Buick Y-Job , produced by Buick in 1938, was the auto industry's first concept car (a model intended to show new technology or designs but not be mass-produced for sale to consumers). Designed by Harley J. Earl , the car had power-operated hidden headlamps , a "gunsight" hood ornament , electric windows, wraparound bumpers , flush door handles, and prefigured styling cues used by Buick until the 1950s and the vertical waterfall grille design still used by Buick today. It used a Buick Super chassis, indicated by the word "Super" located above the rear license plate.
92-663: The car was driven for a number of years by Harley Earl, until he replaced it with a 1951 model car. Sometime after that, the car was restored at the Henry Ford Museum , until 1993 when it was returned to the GM Design Center. The "Y" in the name has two explanations: In 2001, Buick recreated the Y-Job with modern advancements called the Buick Blackhawk drawing extensively from the Y-Job. According to
184-611: 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
276-503: 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
368-615: A 17th-century Brewster Chair , created for one of the Pilgrim settlers in the Plymouth Colony , for $ 9,000. In September 1977, the chair was determined to be a modern forgery created in 1969 by Rhode Island sculptor Armand LaMontagne . The museum retains the piece as an educational tool on forgeries. In the early 2000s, the museum added an auditorium to the building's south corner. This housed an IMAX theater until January 2016 when museum management decided to change formats for
460-685: 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
552-545: A cake walk, a cutting contest, and a musical revue in Town Hall as well as the 1912 presidential campaign of Theodore Roosevelt . Instruction in the ragtime one-step was provided free of charge at this event. The Old Car Festival takes place every year in September. The Old Car Festival has been held on the first weekend after Labor Day since 1955. The festival takes over the streets and grounds of Greenfield Village with
644-402: 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
736-905: 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
828-479: 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
920-443: 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
1012-508: 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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#17327808131261104-440: 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
1196-491: 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
1288-462: 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
1380-557: A step back in time to 1867 as vintage base ball clubs from around the country compete by the game's early rules in a two-day exposition of historic base ball. The clubs engage in two days of throwing, batting and competition. The event is included in Greenfield Village admission. For four nights around Independence Day , the Detroit Symphony Orchestra performs a patriotic concert on Walnut Grove in
1472-491: 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
1564-546: A weekend event, which includes hundreds of Union and Confederate reenactors, musicians and historic presenters. This event features more than 400 Civil War reenactors who spend the entire weekend in the Village. Greenfield Village provides many opportunities in order to learn about the Civil War: exhibits, presentations, battle reenactments, concerts, short plays, hands-on activities and Q&A with historians. Motor Muster
1656-413: 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
1748-607: 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
1840-642: Is a section of the Michigan Line owned by MDOT and is used by Amtrak's Wolverine service, which runs between Chicago, Illinois , and Pontiac, Michigan . In the past, Amtrak's Greenfield Village station provided direct access to Greenfield Village near the Weiser Railroad's Smiths Creek Depot for reserved tour groups of twenty or more. It was consolidated in December 2014 with the new John D. Dingell Transit Center . The new transit center
1932-584: Is adjacent to the Henry Ford museum complex and has a gate allowing access to the complex via a short walk. Each year the Village honors the sacrifices and achievements of those who fought in the American Civil War . The Civil War Remembrance event takes place Memorial Day weekend (Saturday–Monday) every year. An estimated 750,000 people died during the Civil War. The Civil War Remembrance is
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#17327808131262024-538: Is available. Visitors can view live entertainment and costumed presenters or ride in a horse-drawn carriage or Model T. The Ford Rouge Factory Tour is a first-hand journey behind the scenes of a modern, working automobile factory. Boarding buses at the Henry Ford Museum, visitors are taken to the River Rouge Plant and Dearborn Truck Plant, an industrial complex where Ford has built cars since
2116-524: 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
2208-632: 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
2300-498: Is one of two car shows that take place annually in Greenfield Village. Motor Muster is traditionally held on Father's Day weekend. This event currently features cars built from 1932 to 1976, and features between 600 and 800 cars. Special attractions include car judging, and Pass in Review in which experts discuss highlights of the passing cars. Every summer the Henry Ford has a Summer Camp. It takes place inside Greenfield Village and
2392-507: 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 ,
2484-544: Is the best way of preserving at least a part of our history and tradition ... Architect Robert O. Derrick designed the museum with a 523,000 square feet (48,600 m ) exhibit hall that extends 400 feet (120 m) behind the main façade. The façade spans 800 feet (240 m) and incorporates facsimiles of three structures from Independence National Historical Park in Philadelphia – Old City Hall , Independence Hall and Congress Hall . The Edison Institute
2576-532: Is the largest indoor–outdoor museum complex in the United States and is visited by over 1.7 million people each year. It was listed on the National Register of Historic Places in 1969 as Greenfield Village and Henry Ford Museum and designated a National Historic Landmark in 1981 as "Edison Institute". Named for its founder, the automobile industrialist Henry Ford , and based on his efforts to preserve items of historical interest and portray
2668-465: 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
2760-480: 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
2852-692: 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
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2944-537: 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
3036-748: 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
3128-763: The Henry Ford Museum of American Innovation and Greenfield Village , and as the Edison Institute ) is a history museum complex in Dearborn, Michigan , United States, within Metro Detroit . The museum collection contains the presidential limousine of John F. Kennedy , Abraham Lincoln 's chair from Ford's Theatre , Thomas Edison 's laboratory, the Wright Brothers ' bicycle shop, the Rosa Parks bus, and many other historical exhibits. It
3220-580: The Industrial Revolution , the property houses homes, machinery, exhibits, and Americana of historically significant items as well as common memorabilia, both of which help to capture the history of life in early America. It is one of the largest such collections in the nation. Henry Ford said of his museum: I am collecting the history of our people as written into things their hands made and used .... When we are through, we shall have reproduced American life as lived, and that, I think,
3312-621: The Model A that once employed 100,000 people. In 2003, the Ford Rouge Factory, the manufacturing facility for the Ford F-Series truck, reopened following extensive renovations. When it reopened in 2003, as sustainable architecture (Gold LEED Building) led by noted 'green' architect William McDonough , it also opened a new state-of-the-art visitor center highlighting the factory's sustainable aspects and educating visitors on
3404-573: 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
3496-837: 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
3588-664: 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,
3680-544: 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
3772-592: 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
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3864-474: The GM Heritage Center, specifications for the 1938 model were: Engine: 320 c.i. Inline Eight Horsepower: 141 @ 3600rpm Transmission: 3 speed manual Steering: Bendix power steering unit Measurements: 208in in length and 74in in width Steering: Bendix power steering Other: Electronically controlled windows and convertible top The Henry Ford The Henry Ford (also known as
3956-640: The Henry Ford Museum between June and August. It is for children in grades 2–9. Each grade level has a different theme and children who participate in the Summer Camp have the opportunity to look at both the Henry Ford Museum of American Innovation and Greenfield Village from different perspectives. Children participate in activities such as: apprenticeships, canoeing, glass blowing and other age-dependent activities. The World Tournament of Historical Base Ball takes place every year in August. Guests get to take
4048-531: The Henry Ford Museum exhibited a vast array of artifacts and media documenting the Titanic ' s voyage and demise. The exhibit was hosted from 31 March to 30 September 2012. Greenfield Village, the outdoor living history museum section of the Henry Ford complex, was (along with the adjacent Henry Ford Museum) dedicated in 1929 and opened to the public in June 1933. It was the first outdoor museum of its type in
4140-636: The Henry Ford Museum were owned by the Ford Motor Company , which is currently a sponsor of the school and cooperates with the Henry Ford to provide the Ford Rouge Factory Tour. The Henry Ford is sited between the Ford Dearborn Development Center and several Ford engineering buildings with which it shares the same style gates and brick fences. In 1970, the museum purchased what it believed to be
4232-743: 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
4324-534: 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
4416-592: 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,
4508-473: 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,
4600-549: 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
4692-402: The Village providing rides for visitors, which utilize authentic Ford Model Ts , a 1931 Ford Model AA bus (one of about 15 known to exist), horse-drawn omnibuses , and trains pulled by steam locomotives on the Weiser Railroad. The rail line on which the steam locomotives in Greenfield Village presently run originally consisted of a simple straight stretch of track along the northern edge of
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#17327808131264784-671: The Village. Attendance ranges from 5000 to 9500 per evening. This weekend event in July was first presented in 2007 and ran annually through 2015. Ragtime Street Fair featured dozens of live performers, including the River Raisin Ragtime Revue, "Perfessor" Bill Edwards, Mike Montgomery, Nan Bostick, Taslimah Bey, John Remmers, and Tartarsauce Traditional Jazz Band, who celebrated the Ragtime era (ca. 1900–1917). The event also featured silent movies, phonograph demonstrations,
4876-432: The attractions. Some of these presenters are seasonal, such as the "games on the green" presenters who only operate in the summer. Greenfield Village has 240 acres (970,000 m ) of land of which only 90 acres (360,000 m ) are used for the attraction, the rest being forest, river and extra pasture for the sheep and horses. Village homes, buildings, and attractions include: There are various modes of historic transportation in
4968-440: 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
5060-440: 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
5152-421: 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
5244-400: 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
5336-642: 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
5428-463: The country. The Village includes buildings from the 17th century to the present, many of which are staffed by costumed interpreters who conduct period tasks such as farming, sewing and cooking. A collection of craft buildings such as pottery, glass-blowing, and tin shops provide demonstrations while producing materials used in the Village and for sale. The Village features costumed and plain-clothed presenters to tell stories and convey information about
5520-455: 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
5612-429: The facility to better fit with its mission. The renovated theater reopened in April of that year. The Henry Ford Museum of American Innovation began as Henry Ford's personal collection of historic objects, which he began collecting as far back as 1906. Today, the 12 acre (49,000 m ) site is primarily a collection of antique machinery, pop culture items, automobiles , locomotives , aircraft , and other items: Behind
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#17327808131265704-457: The factory. Visitors then walk through the working assembly plant. 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 the Ford brand, and luxury cars under its Lincoln brand. The company
5796-414: 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
5888-436: 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
5980-551: 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"),
6072-434: 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
6164-488: 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,
6256-400: 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
6348-470: 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
6440-399: The legacy of the historic manufacturing facility as well as the vehicle manufacturing process that takes place within the manufacturing plant. The visitor experiences, designed by award-winning experience designer Bob Rogers and the design team BRC Imagination Arts, offers two multi-screen theaters, numerous touchscreen interpretive displays and overlook the world's largest "Green" roof, atop
6532-541: 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
6624-490: 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
6716-511: The museum property, and has been present ever since Greenfield Village was dedicated in 1929. The rail line, now named the Weiser Railroad , was later expanded into a continuous loop around the perimeter of the museum property, which was completed in stages between 1971 and 1972. This 4 ft 8 + 1 ⁄ 2 in ( 1,435 mm ) standard gauge passenger line is 2 miles (3.2 km) long and has four stations. All of
6808-487: The nation, and served as a model for subsequent outdoor museums. Patrons enter at the gate, passing by the Josephine Ford Memorial Fountain and Benson Ford Research Center. Nearly one hundred historical buildings were moved to the property from their original locations and arranged in a "village" setting. The museum's intent is to show how Americans have lived and worked since the founding of
6900-473: 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
6992-407: 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
7084-596: The railroad's stations consist solely of single side platforms except for the station in the Railroad Junction section, which also includes the relocated Smiths Creek Depot building originally built for the Grand Trunk Railway in 1858. The line utilizes a modern replica of a Detroit, Toledo & Milwaukee Railroad (DT&M) roundhouse built in 1884 in Marshall, Michigan . At the time it
7176-492: 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
7268-617: The scenes, the Benson Ford Research Center uses the resources of The Henry Ford, especially the photographic, manuscript and archival material which is rarely displayed, to allow visitors to gain a deeper understanding of American people, places, events, and things. The Research Center also contains the Ford Motor Archives. To commemorate the 100th anniversary of the sinking of the RMS Titanic ,
7360-526: The sights, sounds, and smells of hundreds of authentic vehicles from the 1890s through 1932. This event features 500–700 cars. Special events include car judging, Pass in Review, the gaslight tour, and car races on the Walnut Grove field. Guests can take a self-guided tour of the exposition and talk to the owners of the treasured vehicles. Visitors can watch a Model T be assembled in just minutes, attend presentations, and hear experts share information about
7452-549: The switch was flipped at the Museum. The Edison Institute was, at first, a private site for educational purposes only, but after numerous inquiries about the complex, it was opened as a museum to the general public on June 22, 1933. It was originally composed of the Henry Ford Museum, Greenfield Village, and the Greenfield Village Schools (an experimental learning facility). Initially, Greenfield Village and
7544-487: 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
7636-733: 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
7728-489: The vintage vehicles. The Village's Halloween celebration features decorations, a headless horseman, witches, other costumed characters, treats and activities for visitors. It is held Thursday, Friday, Saturday and Sunday evenings in October. The Christmas season has traditionally been popular in Greenfield Village. Many buildings feature period decorations and the Village is open for self-guided strolls. An ice skating rink
7820-668: 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
7912-707: 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
8004-495: 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
8096-420: Was dedicated by President Herbert Hoover to Ford's longtime friend Thomas Edison on October 21, 1929 – the 50th anniversary of the first successful incandescent light bulb . The attendees included Marie Curie , George Eastman , John D. Rockefeller , Will Rogers , Orville Wright , and about 250 others. The dedication was broadcast on radio with listeners encouraged to turn off their electric lights until
8188-518: 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
8280-552: 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
8372-608: Was opened to the public in 2000, the new DT&M Roundhouse replica was one of only seven working roundhouses open to the public in the United States. A hand-operated Pere Marquette Railway turntable , originally built in 1901 in Petoskey, Michigan , is also in use. The railroad, unusual for a heritage railroad built purposely for tourism, has a direct connection to the United States National Railroad Network . The line to which it connects
8464-511: 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
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