The Footwork FA17 was the car with which the Footwork team competed in the 1996 Formula One World Championship . It was driven by Dutchman Jos Verstappen , who moved from Simtek , and Brazilian Ricardo Rosset , who graduated from Formula 3000 .
92-633: Footwork was bought by Tom Walkinshaw from one of the Arrows team's original founders, Jackie Oliver , early in the season. 1996 thus became a write-off as the team's focus switched to 1997 . This was something of a disappointment, since the FA17 was competitive at the start of the year in the hands of Jos Verstappen . Technical director Alan Jenkins left early on in the season bound for Stewart . Walkinshaw replaced him with Frank Dernie , who moved from Ligier along with Walkinshaw. The lack of development and
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
368-685: 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
460-660: A 4.9-litre V8 Holden VL Commodore SS Group A , but withdrew before the first race at Monza in protest at the US$ 60,000 entrance fee imposed by Bernie Ecclestone who had put in charge of the WTCC by the FIA . Walkinshaw and Jeff Allam appeared with the car at the Nürburgring round of the championship but the car was uncompetitive against the new Ford Sierra RS Cosworths and BMW M3s , retiring with brake problems. In 1988 TWR developed
552-535: A bid to win the Australian classic. The three ETCC Jags were brought out of retirement and shipped to Bathurst with the help of "Jaguar Rover Australia" (JRA) and proceeded to dominate practice and qualifying, with Walkinshaw claiming pole position, Jeff Allam claiming second spot on the grid and provisional pole sitter John Goss starting 6th. Driving with regular ETCC co-driver Win Percy , Walkinshaw finished 3rd in
644-501: A broken drivers seat which had to be held in place by cable ties attached to the roll cage. The Rovers, with sponsorship from Bastos/ Texaco , were again the TWR cars for the renamed ETCC (which had become the FIATCC in 1986 in anticipation of the 1987 World Touring Car Championship ). Walkinshaw was again a favourite to take out the title, but once again would finish 3rd. Co-driver Win Percy
736-402: 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
828-905: 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
920-475: A major scare at Imola when he left a pit stop early and ripped the fuel hose from its tank, covering the garage with flammable fuel. By contrast, Rosset was surprisingly steady for a rookie driver, finishing half the races, but was noticeably slower than his teammate. Ultimately, neither driver was retained for 1997; World Champion Damon Hill made the surprising decision to join the team after being dumped by Williams , and Pedro Diniz with his sponsorship money
1012-479: 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
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#17327981562851104-443: 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
1196-418: 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
1288-453: A race entrant was entitled to lodge protests under the rules of the meeting. In an ironic twist to Walkinshaw's last race meeting as a driver, the three HSV team cars, including the team's spare car, were found to have illegal modifications to the steering racks after a counter-protest by Dick Johnson Racing team manager Neal Lowe , though no action was taken as the spare car didn't start the race and both race cars failed to finish. Following
1380-490: A racing accident. Continuing his career despite this setback, he drove in many classes, including Formula 5000 and Formula Two . Ford hired Walkinshaw to drive a Capri on the British Touring Car Championship circuit in 1974. This resulted in him winning his class that year. In 1976 Walkinshaw established Tom Walkinshaw Racing (TWR), continuing to drive for his own team. He competed in
1472-508: 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
1564-440: 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
1656-491: 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
1748-462: 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
1840-491: 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
1932-413: 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
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#17327981562852024-404: Is a stub . You can help Misplaced Pages by expanding it . Tom Walkinshaw Thomas Dobbie Thomson Walkinshaw (14 August 1946 – 12 December 2010) was a British racing car driver from Scotland and the founder of the racing team Tom Walkinshaw Racing (TWR). He was also involved in professional rugby union , as owner of Gloucester Rugby , and chairman of the team owners organisation for
2116-607: 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
2208-603: 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
2300-632: 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
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 ,
2484-480: 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
2576-688: The Aviva Premiership . Walkinshaw was born at Mauldslie Farm, near Penicuik , Midlothian, Scotland. He began racing in 1968, starting in an MG Midget , before moving on to a Lotus Formula Ford car. The following year he won the Scottish FF1600 title at the wheel of a Hawke. In 1970, he entered the British Formula Three championship with Lotus. He later moved to the March 'works' team, where he broke his ankle in
2668-526: The Bathurst 1000 . After qualifying in 10th spot, Walkinshaw never left the starting line after transmission failure and was hit from behind by a Chevrolet Camaro . Several cars also joined the crash causing the race to be red flagged and restarted 30 minutes later (the first restart in the race's history). In 1985, Jaguar retired the XJS from Group A racing and TWR was forced to use the cars they'd been racing in
2760-577: The British Touring Car Championship , the 3.5-litre V8 Rover Vitesse in the European Touring Car Championship . Walkinshaw and Percy won 6 of the 14 races in the championship but could only finish the championship 3rd behind the Eggenberger Volvo 240T 's of Gianfranco Brancatelli and Thomas Lindström. With Australia's move to Group A in 1985, Walkinshaw vowed to return to Bathurst with his ETCC Jaguars in
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
3128-734: The Holden VL Commodore SS Group A SV and Walkinshaw again teamed with Jeff Allam at the RAC Tourist Trophy at Silverstone . Although still not a match for the Ford Sierra RS500s , Walkinshaw qualified the Commodore in 9th place. The pair finished the race in 15th place following various problems with the car. Tom Walkinshaw's last race as a driver was the 1988 Tooheys 1000 at Bathurst. In partnership with Australian Larry Perkins , TWR shipped
3220-573: 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
3312-837: 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
3404-664: 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,
3496-499: The 1976 World Championship for Makes, sharing a Hermetite-sponsored BMW 3.5 CSL with John Fitzpatrick. The pair achieved several good results including a dramatic victory, by just 1.3 seconds, in the Silverstone 6 Hours. In 1984 he won the European Touring Car Championship in a 5.3-litre, V12 Jaguar XJS . In September 1984, Walkinshaw had teamed up with Australian driver John Goss to drive an Australian Group C spec XJS in
3588-463: The 1986 Fuji InterTEC 500 and the XJS' final race, the 1987 Wellington 500 . After some engine work which lifted the V12's power output to 500 hp (373 kW; 507 PS), Walkinshaw proved that the 1984 spec Jags were still competitive in 1986 by qualifying on pole at the fast Fuji circuit in front of the new Nissan Skyline RS DR30s and Holden VK Commodore SS Group As . Walkinshaw comfortably led
3680-523: The 1995 Formula One World Championship. He was involved in the recruitment of Michael Schumacher by Benetton after the German's Formula One debut with the Jordan team. As engineering director, his role also came under scrutiny when the team was investigated for suspected technical infringements during the 1994 season , including the potential use of banned electronic aids and unauthorised modifications to
3772-417: The 1997 season. Throughout the season, Verstappen proved to be very much the faster Footwork driver, but his reliability record was poor, only finishing a single race in the first half of the season (at Buenos Aires , where he finished sixth). He suffered numerous mechanical failures, including a sticking throttle which caused a huge accident at Spa which left him with permanent neck injuries. He also caused
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3864-679: The Arrows team ran out of money. This led to the Australian arm of the operation being bought by Holden . However, since the practice of teams being owned by manufacturers in the Supercars Championship was banned, Holden had to divest the team's assets and sell the Holden Racing Team to lead driver Mark Skaife , and K-Mart Racing (later HSV Dealer Team ) to John and Margaret Kelly (the parents of V8 Supercar drivers Todd and Rick ). In 2005 Tom Walkinshaw returned to
3956-544: 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
4048-627: The ETCC Commodore to Australia for the race as part of the Holden Special Vehicles team. Following a messy lead up to the race, which included Walkinshaw illegally protesting the five leading Australian built Sierras, Walkinshaw and Allam qualified in 13th place (slower than the Perkins Engineering built team car), and was the second retirement after just 5 laps with rear suspension failure. Walkinshaw himself
4140-592: 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
4232-811: 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
4324-743: 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
4416-585: 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
4508-592: 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,
4600-620: The Tooheys 1000, Walkinshaw retired from driving to concentrate on the management of TWR's increasing motorsports portfolio. In 1975 Walkinshaw established Tom Walkinshaw Racing (TWR), a group whose business was the manufacture and design of racing and road cars. TWR ran touring car programmes in the mid-1970s and early 1980s. In 1983 the TWR team took eleven wins in eleven races in the British Saloon Car Championship running Rover Vitesses, before being stripped of
4692-473: 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,
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#17327981562854784-602: 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
4876-601: The V8 Supercars Australia and began a new relationship with his former teams, helping lead Holden to its first series win since 2002 through driver Rick Kelly (2006) and Garth Tander (2007). In late 2006 Walkinshaw Performance bought the small Australian sports car manufacturer Elfin Cars . In 2007 Walkinshaw Performance acquired a 50% stake in the Holden Racing Team, and in 2008 fully re-acquired
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
5428-468: The deal. Instead he bought the Arrows team, achieving a coup for the 1997 Formula One season by recruiting reigning world champion Damon Hill to his squad. In 1997 Walkinshaw was voted Autocar Man of the Year. By this stage the TWR Group employed 1500 employees in the UK, Sweden, Australia and the United States. At the time, Walkinshaw was also managing director of Arrows Grand Prix International. His TWR racing group went into liquidation in 2002 after
5520-673: The descendant of the Australian arm of Tom Walkinshaw Racing . The team is co-owned by Andretti Autosport and United Autosports and races in the Australian Supercars Championship . Sean as a racing driver who competes regularly in GT racing , most often in GT3 spec series like GT World Challenge Europe . Results sourced from Driver Database and History of Touring Car Racing. ( key ) (Races in bold indicate pole position) (Races in italics indicate fastest lap) ( key ) (Races in bold indicate pole position – 1973–1990 in class) (Races in italics indicate fastest lap – 1 point awarded ?–1989 in class) † Events with 2 races staged for
5612-568: The different classes. ‡ Ineligible to score points. ( key ) (Races in bold indicate pole position) (Races in italics indicate fastest lap) ( key ) (Races in bold indicate pole position) (Races in italics indicate fastest lap) † Not eligible for series points ( key ) (Races in bold indicate pole position) (Races in italics indicate fastest lap) https://www.topgear.com/car-news/motorsport/tom-walkinshaw-racing-restablished-make-new-high-performance-road-cars Ford Motor Company Ford Motor Company (commonly known as Ford )
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#17327981562855704-455: 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
5796-435: 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
5888-414: 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
5980-436: 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
6072-551: 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"),
6164-434: 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
6256-488: 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,
6348-400: 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
6440-415: The lack of power from the Hart V8 engine saw the team slip to the back of the grid by season's end. Hart had planned to build a V10 unit but did not have sufficient funds. Progress was further hampered by the team's testing contract with Bridgestone ; the Japanese tyre supplier preparing for entry into F1 in 1997. The FA17 was the first Arrows driven by Damon Hill upon his signing for the team ahead of
6532-470: 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
6624-541: 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
6716-490: 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
6808-473: 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
6900-407: 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
6992-471: The race after leading for over ⅔ distance following a split oil line late in the race. The Allam/ Ron Dickson car was out after 3 laps with engine failure when broken glass from the cars right headlight got sucked into the intake system, while the Goss/ Armin Hahne car would win for TWR after having to battle for over 100 laps of the 6.172 km (3.835 mi) long Mount Panorama Circuit with
7084-468: The race for the first 6 laps from teammate Jeff Allam and Australian Peter Brock in his Holden Dealer Team VK Commodore before retiring with no oil pressure. After entering into a partnership with Australian car manufacturer Holden in February 1987 (at the expense of Brock's HDT Special Vehicles operation), Walkinshaw fully intended to compete in the inaugural World Touring Car Championship driving
7176-586: The refuelling apparatus used on the cars. Although illegal software was found in the Benettons, the FIA had no evidence that it had ever been used in a race and no action was taken against the team. For 1995 Walkinshaw bought 50% of the Ligier team from Benetton team principal Flavio Briatore . His intention was to take over the team completely, but he was unable to purchase 100% of the team and therefore pulled out of
7268-549: 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
7360-413: The team from Skaife. 2009 saw the debut of Walkinshaw Racing a two car operation known individually as Bundaberg Red Racing and Team Autobarn . Walkinshaw died on Sunday 12 December 2010, aged 64, from complications arising from cancer. He is survived by his son Fergus Walkinshaw from his first marriage, and his second wife Martine Walkinshaw and their sons Ryan and Sean. Walkinshaw's memorial service
7452-487: 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
7544-548: The title for a technical infringement. TWR also ran a Jaguar XJ-S ETCC touring car programme before taking on their World Sportscar Championship programme. In six years the programme won Le Mans twice and the World Championships three times. The same team brought engineer Ross Brawn to prominence. In 1991 Walkinshaw was recruited as engineering director of the Benetton F1 team which subsequently won
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
7728-495: 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
7820-618: Was chosen to be his number two. The team eventually finished ninth in the Constructors' Championship, with one point. The Austrian racing driver Fritz Glatz used a Footwork FA17 in the 2002 EuroBOSS series. At the race in Most after a collision he became airborne and rolled the car. Glatz, driving under the pseudonym “Frederico Careca” , died from internal bleeding and major vertebral injuries. ( key ) (results in bold indicate pole position) This Formula One –related article
7912-593: Was cross-entered in the Perkins/ Denny Hulme car and drove the car later in the race. The car was retired with engine failure after 137 laps while in 2nd place. Walkinshaw's protest against the Sierras was later found to be illegal because Perkins Engineering was the entrant for the HSV team and not TWR. The stewards of the meeting had erred in letting Walkinshaw lodge the protest under TWR's FIA licence as only
8004-518: 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
8096-471: Was held at Gloucester Cathedral on 4 February 2011. Fergus Walkinshaw, who has been racing since 11 years old, inclusive of Ginetta Juniors and GTSupercup, has followed in his fathers footsteps and has restarted TWR in October 2023. Ryan and Sean followed their father into motorsport, Ryan in management as one of the team principals of the racing team that wears the family name, Walkinshaw Andretti United ,
8188-552: 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
8280-574: Was originally announced as the 1986 champion before results from earlier races were amended following protest hearings. Walkinshaw had intended to return to Bathurst in 1986 with the V12 Jaguars but withdrew when JRA refused to help with funds following a downturn in the Australian car market. With sponsorship from the NZ based Strathmore Group, Walkinshaw took the Jaguars to Japan and New Zealand for
8372-511: 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
8464-406: 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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