ARIZONA LICENSE PLATE "FOMOCO" 6"X12"Ford Motor Company is an American multinational corporation and the world's third largest automaker based on worldwide vehicle sales . Based in Dearborn, Michigan , a suburb of Detroit , the automaker was founded by Henry Ford and incorporated in June 16, 1903. Ford now encompasses many global brands, including Lincoln and Mercury of the US, Land Rover of the UK , and Volvo of Sweden . Ford also owns a one-third controlling interest in Mazda . In 2007, Ford became the third-ranked automaker in US sales after General Motors and Toyota , falling from the second-ranked automaker slot for the first time in the previous 56 years. Ford was also the overall seventh-ranked American-based company in the 2007 Fortune 500 list, based on global revenues in 2006 of $160.1 billion.  In 2007, Ford revenues increased to $173.9 billion, while producing 6.553 million automobiles and employing about 245,000 employees at around 100 plants and facilities worldwide.  Also in 2007, Ford received more quality survey awards from J. D. Power and Associates than any other automaker, with five vehicles ranking at the top of their categories,  and fourteen vehicles ranked in the top three.  Ford introduced methods for large-scale manufacturing of cars and large-scale management of an industrial workforce, especially elaborately engineered manufacturing sequences typified by moving assembly lines . Henry Ford 's combination of highly efficient factories, highly paid workers, and low prices revolutionized manufacturing and came to be known around the world as Fordism by 1914. Contents [hide ] 1 History 2 Corporate governance 3 Recent company developments 3.1 "The Way Forward" 4 Brands and marques 5 Global markets 5.1 Europe 5.1.1 History 5.2 Asia Pacific 5.3 South America 5.4 Africa and Middle East 6 Environmental record 6.1 Alternate fuel vehicles 7 Auto racing 7.1 NASCAR 7.2 Formula One 7.3 Rally 7.4 Sports cars 7.5 Touring cars 7.6 Other 8 Ford trucks 9 Bus products 10 Ford Tractors 11 Philco 12 Criticism 12.1 Alleged Nazi collaboration 12.2 Argentine "Dirty War" 12.3 The Ford Pinto Memo 13 See also 14 Notes 15 References and further reading 15.1 Ford Motor Company 16 External links History Henry Ford (ca. 1919) 1896 Ford Quadricycle Main article: History of Ford Motor Company
Ford was launched in a converted factory in 1903 with $28,000 in cash from twelve investors, most notably John and Horace Dodge (who would later found the their own car company). During its early years, the company produced just a few cars a day at its factory on Mack Avenue in Detroit , Michigan . Groups of two or three men worked on each car from components made to order by other companies. Henry Ford was 40 years old when he founded the Ford Motor Company, which would go on to become one of the largest and most profitable companies in the world, as well as being one of the few to survive the Great Depression. The largest family-controlled company in the world, the Ford Motor Company has been in continuous family control for over 100 years.Corporate governance
Members of the board as of early 2007 are: Chief Sir John Bond , Richard Manoogian , Stephen Butler , Ellen Marram , Kimberly Casiano , Alan Mulally (President and CEO), Edsel Ford II , Homer Neal , William Clay Ford, Jr. , Jorma Ollila , Irvine Hockaday, Jr. , John L. Thornton and William Clay Ford (Director Emeritus). The main corporate officers are: Lewis Booth (Executive Vice President, Chairman ( PAG ) and Ford of Europe), Mark Fields (Executive Vice President, President [The Americas]), Donat Leclair (Executive Vice President and CFO ), Mark A. Schulz (Executive Vice President, President [International Operations]) and Michael E. Bannister (Group Vice President; Chairman & CEO Ford Motor Credit ).  . Paul Mascarenas (Vice President of Engineering, The Americas Product Development) Recent company developments
During the mid to late 1990s, Ford sold...