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Encyclopedia > Ford Motor Company

Ford
Type Public (NYSE: F)
Founded June 17, 1903
Founder Henry Ford
Headquarters Flag of the United States Dearborn, Michigan, USA
Key people William Clay Ford, Jr - Executive Chairman
Alan Mulally - President, CEO
Area served worldwide
Industry Automotive
Products Automotive goods and services
Revenue US$160.1 billion (2006) [1]
Operating income US$-15.0 billion (2006)[1]
Net income US$-12.6 billion (2006)[1]
Employees 280,000 (2006)[2]
Divisions Ford Credit
Ford division
Lincoln
Mercury
Premier Automotive Group
Subsidiaries Automotive Components Holdings
Jaguar
Land Rover
Volvo (cars only)
Website www.ford.com

Ford Motor Company is an American multinational corporation and the world's twentieth largest automaker based on worldwide vehicle sales. In 2006, Ford was the second-ranked automaker in the US with a 17.5% market share, behind General Motors (24.6%) but ahead of Toyota (15.4%) and DaimlerChrysler (14.4%)[3]. Ford was also the seventh-ranked American-based company in the 2007 Fortune 500 list, based on global revenues of $160.1 billion [4]. In 2006, Ford produced about 6.6 million automobiles[5], and employed about 280,000 employees at about 100 plants and facilities worldwide[6]. In 2007, Ford had more quality awards from J.D Power than any other automaker.[7] Look up ford in Wiktionary, the free dictionary. ... Image File history File links Ford_Motor_Company_Logo. ... This article does not cite any references or sources. ... New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) is one of the largest stock exchanges in the world. ... is the 168th day of the year (169th in leap years) in the Gregorian calendar. ... 1900 (MCMIII) was a common year starting on Thursday (link will display calendar) of the Gregorian calendar or a common year starting on Friday of the 13-day slower Julian calendar. ... For the sequel to the computer game Entrepreneur, which has no article of its own, see The Corporate Machine. ... Henry Ford (1919) Henry Ford (July 30, 1863 – April 7, 1947) was the founder of the Ford Motor Company and father of modern assembly lines used in mass production. ... Image File history File links This is a lossless scalable vector image. ... Location in Michigan Coordinates: , Country United States State Michigan County Wayne County Government  - Mayor John B. O’Reilly, Jr. ... Official language(s) None (English, de-facto) Capital Lansing Largest city Detroit Largest metro area Metro Detroit Area  Ranked 11th  - Total 97,990 sq mi (253,793 km²)  - Width 239 miles (385 km)  - Length 491 miles (790 km)  - % water 41. ... William Clay Ford Jr. ... Publicly and privately held for-profit corporations often confer corporate titles or business titles on company officials as a means of identifying their function in the organization. ... Alan Roger Mulally (born August 4, 1945 in Oakland, California) is an American engineer and businessman. ... President is a title held by many leaders of organizations, companies, trade unions, universities, and countries. ... “Chief executive” redirects here. ... Car redirects here. ... Look up revenue in Wiktionary, the free dictionary. ... Image File history File links Green_Arrow_Up. ... The United States dollar is the official currency of the United States. ... Earnings before interest and taxes (EBIT), also known as operating income and operating profit, is a term used to describe a companys earnings. ... Image File history File links Red_Arrow_Down. ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... Image File history File links Red_Arrow_Down. ... For the album by the Kaiser Chiefs see Employment (album) Employment is a contract between two parties, one being the employer and the other being the employee. ... Ford Motor Credit Company is the financial services arm of Ford Motor Company, and is headquartered in Dearborn, Michigan. ... The following is a list of vehicles manufactured by the Ford Motor Company. ... Lincoln is an American luxury automobile brand, operated under the Ford Motor Company. ... Mercury is an automobile marque of the Ford Motor Company founded in 1939 to market near-luxury cars slotted between entry-level Ford and luxury Lincoln models, similar to General Motors Buick (and former Oldsmobile) brand and Chryslers Chrysler brand. ... The Premier Automotive Group (PAG), is a group within the Ford Motor Company that overlooks the business operations of its three European luxury automobile subsidiaries: Jaguar, Land Rover and Volvo Cars. ... A subsidiary, in business, is an entity that is controlled by another entity. ... Automotive Components Holdings, LLC is a wholly owned subsidiary of Ford Motor Company, formed by the 2005 transfer of a number of automotive components factories from Visteon Corporation to Ford Motor Company. ... For other uses, see Jaguar (disambiguation). ... Land Rover was the name of one of the first British civilian all-terrain utility vehicles, first produced by Rover in 1947. ... Volvo Cars, or Volvo Personvagnar, is a well-known Swedish automobile maker founded in 1927 in the city of Gothenburg in Sweden. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos and other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML... A multinational corporation (MNC) is a corporation or enterprise that manages production establishments or delivers services in at least two countries. ... // The following data show the automobile manufacturers which produce or have produced automobiles, and some data on their relative sizes. ... General Motors Corporation, also known as GM or The General, an American multinational corporation, is the worlds largest auto company. ... This article is about the automaker. ... DaimlerChrysler AG (ISIN: DE0007100000) is a German car corporation and the worlds eighth largest car manufacturer. ... The Fortune 500 is a ranking of the top 500 United States corporations as measured by gross revenue. ... J.D. Power is a consumers information resource providing ratings on everything from cars to restaurants. ...


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, Jaguar and Land Rover of the UK, and Volvo of Sweden. Ford also owns a one-third controlling interest in Mazda. Location in Michigan Coordinates: , Country United States State Michigan County Wayne County Government  - Mayor John B. O’Reilly, Jr. ... Motto: Speramus Meliora; Resurget Cineribus (We Hope For Better Things; It Shall Rise From the Ashes - this motto was adopted after the disastrous 1805 fire that devastated the city) Nickname: The Motor City and Motown Location in Wayne County, Michigan Founded Incorporated July 24, 1701 1815  County Wayne County Mayor... Henry Ford (1919) Henry Ford (July 30, 1863 – April 7, 1947) was the founder of the Ford Motor Company and father of modern assembly lines used in mass production. ... Lincoln is an American luxury automobile brand, operated under the Ford Motor Company. ... Mercury is an automobile marque of the Ford Motor Company founded in 1939 to market near-luxury cars slotted between entry-level Ford and luxury Lincoln models, similar to General Motors Buick (and former Oldsmobile) brand and Chryslers Chrysler brand. ... Jaguar Cars Limited is a luxury car manufacturer, originally with headquarters in Browns Lane, Coventry, England but now at Whitley, Coventry. ... Land Rover was the name of one of the first British civilian all-terrain utility vehicles, first produced by Rover in 1947. ... Volvo Cars, or Volvo Personvagnar, is a well-known Swedish automobile maker founded in 1927 in the city of Gothenburg in Sweden. ... This article or section does not cite any references or sources. ...


Ford has been one of the world's ten largest corporations by revenue and in 1999 ranked as one of the world's most profitable corporations, and the number two automaker worldwide. The Fortune Global 500 is a ranking of the top 500 corporations worldwide as measured by revenue. ...


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. Modern car assembly line. ... Henry Ford (1919) Henry Ford (July 30, 1863 – April 7, 1947) was the founder of the Ford Motor Company and father of modern assembly lines used in mass production. ... Fordism is a form of production or production paradigm that prevailed in post-war decades (and perhaps even before second world war) in western industrial countries. ... Year 1914 (MCMXIV) was a common year starting on Thursday (link will display the full calendar) of the Gregorian calendar (or a common year starting on Wednesday of the 13-day-slower Julian calendar). ...

Contents

History

Henry Ford (ca. 1919)
Henry Ford (ca. 1919)

Ford was launched in a converted factory in 1903 with $28,000 in cash from twelve investors, most notably John Francis Dodge and Horace Elgin Dodge who would later found the Dodge Brothers Motor Vehicle Company. During its early years, the company produced just a few Model T's 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. Image File history File linksMetadata Download high resolution version (1744x2226, 1617 KB) Summary Portrait of Henry Ford (ca. ... Image File history File linksMetadata Download high resolution version (1744x2226, 1617 KB) Summary Portrait of Henry Ford (ca. ... Henry Ford (1919) Henry Ford (July 30, 1863 – April 7, 1947) was the founder of the Ford Motor Company and father of modern assembly lines used in mass production. ... This article is about the History of Ford Motor Company. ...


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).[8] Richard A. Manoogian Born: 1936, in Detroit, Michigan. ... Kimberly Casiano is a Puerto Rican businesswoman. ... Alan Roger Mulally (born August 4, 1945 in Oakland, California) is an American engineer and businessman. ... Image from Ford Media Edsel B. Ford II was born on Dec. ... The name Bill Ford might also refer to the former baseball player. ... Jorma Ollila Jorma Jaakko Ollila (born in Seinäjoki, Finland, on August 15, 1950) is the chairman and CEO of Nokia Corporation (1992–June 1, 2006) and Member of the Board of Directors of Ford Motor Company (2000– ), UPM-Kymmene (1997– ), and Otava Books and Magazines Group Ltd. ... John L. Thornton is Professor and Director of Global Leadership at Tsinghua University in Beijing. ... William Clay Ford is the youngest of the four grandchildren of Henry Ford and child of Edsel Ford. ...


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).[9]. Paul Mascarenas (Vice President of Engineering, The Americas Product Development) Lewis Booth is president, Asia Pacific and Africa Operations for Ford Motor Company as of January 1, 2000. ... A Chairman is the presiding officer of a meeting, organization, committee, or other deliberative body. ... The Premier Automotive Group (PAG), is a group within the Ford Motor Company that overlooks the business operations of its three European luxury automobile subsidiaries: Jaguar, Land Rover and Volvo Cars. ... Mark Fields is an executive of the Ford Motor Company. ... Donat Leclair (born 1951 or 1952) is currently the chief financial officer and executive vice president of Ford Motor Company. ... The Chief Financial Officer (CFO) of a company or public agency is the corporate officer primarily responsible for managing the financial risks of the business or agency. ...


New directions for the twenty-first century

During the mid to late 1990s, Ford sold large numbers of vehicles, in a booming American economy with soaring stock market and low fuel prices. With the dawn of the new century, legacy healthcare costs, higher fuel prices, and a faltering economy led to falling market shares, declining sales, and sliding profit margins. Most of the corporate profits came from financing consumer automobile loans through Ford Motor Credit Company.[10] Ford Motor Credit Company is the financial services arm of Ford Motor Company, and is headquartered in Dearborn, Michigan. ...


By 2005, corporate bond rating agencies had downgraded the bonds of both Ford and GM to junk status [11], citing high U.S. health care costs for an aging workforce, soaring gasoline prices, eroding market share, and dependence on declining SUV sales for revenues. Profit margins decreased on large vehicles due to increased "incentives" (in the form of rebates or low interest financing) to offset declining demand. [12] General Motors Corporation, also known as GM or The General, an American multinational corporation, is the worlds largest auto company. ...


In the face of falling truck and SUV sales, Ford moved to introduce a range of new vehicles, including "Crossover SUVs" built on unibody car platforms, rather than body-on-frame truck chasses. Ford also developed alternative fuel and high efficiency vehicles, such as the Escape Hybrid.[13]. Ford announced that it will team up with Southern California Edison (SCE) to examine the future of plug-in hybrids in terms of how home and vehicle energy systems will work with the electrical grid. Under the multi-million-dollar, multi-year project, Ford will convert a demonstration fleet of Ford Escape Hybrids into plug-in hybrids, and SCE will evaluate how the vehicles might interact with the home and the utility's electrical grid. Some of the vehicles will be evaluated "in typical customer settings," according to Ford. [14] [15] A crossover SUV (also called CUV for Crossover Utility Vehicle) or XUV (not to be confused with GMCs Envoy XUV) is an automobile with a sport utility vehicle appearance but is built upon a more economical and fuel-efficient unibody construction. ... Monocoque (French for single shell) or unibody is a construction technique that uses the external skin of an object to support some or most of the load on the structure. ... The Ford Escape Hybrid, launched in 2004, is a gas-electric hybrid powered version of the Ford Escape sport utility vehicle developed by the Ford Motor Company. ... Ford may mean a number of things: A ford is a river crossing. ... Southern California Edison, the largest subsidiary of Edison International (NYSE: EIX), is the primary electricity supply company for much of Southern California. ... Hybrids Plus PHEV Toyota Prius conversion with PHEV-30 (30 mile all-electric range) battery packs A plug-in hybrid electric vehicle (PHEV) is a hybrid vehicle with batteries that can be recharged by connecting a plug to an electrical power source. ... The Ford Escape Hybrid, launched in 2004, is a gas-electric hybrid powered version of the Ford Escape sport utility vehicle developed by the Ford Motor Company. ...


In December 2006, the company raised its borrowing capacity to about $25 billion, placing substantially all corporate assets as collateral to secure the line of credit [16]. Chairman Bill Ford has stated that "bankruptcy is not an option" [17], but economists have stated that the company's impending contract renewal with the United Auto Workers in the summer of 2007 could be brutal[18]. The UAW has vowed to attempt to retain the jobs banks, a system which retains idled workers on the payroll, rather than laying them off, in order to maintain contracted US employment levels. The United Auto Workers (UAW), headquartered in Detroit, Michigan, officially the United Automobile, Aerospace & Agricultural Implement Workers of America International Union, is one of the largest labor unions in North America, with more than 500,000 members in the United States, Canada, and Puerto Rico organized into approximately 950 union...


The automaker reported a net loss of $12.7 billion during 2006, and has estimated that it will not return to profitability until 2009.[19] However, Ford surprised Wall Street in posting a 750 million dollar profit in the second quarter of 2007, a change largely atttributed to the sale of Aston Martin and cost-cutting. Ford has expressed a continued interest in the selling of Land Rover and Jaguar. Now only until recently Ford has expressed that they will be divesting the entire PAG including Volvo Personvagnar AB before winter of 2007.[20] Aston Martin Lagonda Limited is a manufacturer of luxury performance cars, whose headquarters are at Gaydon, Warwickshire, England in the United Kingdom. ... Land Rover was the name of one of the first British civilian all-terrain utility vehicles, first produced by Rover in 1947. ... For other uses, see Jaguar (disambiguation). ...


"The Way Forward"

Main article: The Way Forward

In the latter half of 2005, Chairman Bill Ford asked newly-appointed Ford Americas Division President Mark Fields to develop a plan to return the company to profitability. Fields previewed the Plan, dubbed The Way Forward, at the December 7, 2005 board meeting of the company; and it was unveiled to the public on January 23, 2006. "The Way Forward" includes resizing the company to match current market realities, dropping some unprofitable and inefficient models, consolidating production lines, and shutting fourteen factories and cutting 30,000 jobs. [21]. Ford Motor Companys restructuring plan, made public in 2006, is known as The Way Forward. ... Mark Fields is an executive of the Ford Motor Company. ... is the 341st day of the year (342nd in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... is the 23rd day of the year in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ...


These cutbacks are consistent with Ford's roughly 25% decline in U.S. automotive market share since the mid-late 1990s. Ford's target is to become profitable again in 2009, a year later than projected. Ford's realignment also includes the sale of its wholly owned subsidiary, Hertz Rent-a-Car to a private equity group for $15 billion in cash and debt acquisition. The sale was completed on December 22, 2005. A joint venture with Mahindra and Mahindra Limited of India ended with the sale of Ford's 15 percent stake in 2005. A subsidiary, in business, is an entity that is controlled by another entity. ... The Hertz Corporation (also known as Hertz Rent A Car or simply Hertz) is the worlds second largest car rental company, with 1,900 locations in the United States and 5,100 worldwide behind Enterprise, but is the largest general use car rental company in the world. ... Private equity is a broad term that refers to any type of equity investment in an asset in which the equity is not freely tradable on a public stock market. ... December 22 is the 356th day of the year (357th in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... A joint venture (often abbreviated JV) is an entity formed between two or more parties to undertake economic activity together. ... Mahindra corporate logo Mahindra & Mahindra Ltd (The Mahindra Group) is an Indian 2. ...


Chairman and Chief Executive Officer Ford also became President of the company in April 2006, with the retirement of Jim Padilla. Five months later, in September, he stepped down as President and CEO, and naming Alan Mulally as his successor. Bill Ford continues as Executive Chairman, along with an executive operating committee made up of Mulally, Mark Schulz, Lewis Booth, Don Leclair, and Mark Fields. “Chief executive” redirects here. ... President is a title held by many leaders of organizations, companies, trade unions, universities, and countries. ... Jim Padilla is an American automobile industry executive. ... Alan Roger Mulally (born August 4, 1945 in Oakland, California) is an American engineer and businessman. ... Lewis Booth is president, Asia Pacific and Africa Operations for Ford Motor Company as of January 1, 2000. ... Mark Fields is an executive of the Ford Motor Company. ...


Brands and marques

Today, Ford Motor Company manufactures automobiles under several names including Lincoln and Mercury in the United States. In 1958, Ford introduced a new marque, the Edsel, but poor sales led to its discontinuation in 1960. Later, in 1985, the Merkur brand was introduced; it met a similar fate in 1989. Lincoln is an American luxury automobile brand, operated under the Ford Motor Company. ... Mercury is an automobile marque of the Ford Motor Company founded in 1939 to market near-luxury cars slotted between entry-level Ford and luxury Lincoln models, similar to General Motors Buick (and former Oldsmobile) brand and Chryslers Chrysler brand. ... A marque (French for brand and pronounced as mark) is a brand name, most commonly used for automobile brands. ... The Edsel was a make of automobile manufactured by the Ford Motor Company during the 1958, 1959, and 1960 model years. ... Merkur, the German word for Mercury, was an automobile brand which was briefly marketed by Ford Motor Company in the United States and Canada from 1985 to 1989. ...


Ford has major manufacturing operations in Canada, Mexico, the United Kingdom, Germany, Brazil, Argentina, Australia, the People's Republic of China, and several other countries, including South Africa where, following divestment during apartheid, it once again has a wholly owned subsidiary. Ford also has a cooperative agreement with Russian automaker GAZ. The Ford Motor Company currently manufactures automobiles and other components of vehicles in the following factories. ... A segregated beach in South Africa, 1982. ... GAZ(RTS:GAZA) or Gorkovsky Avtomobilny Zavod (Russia, Nizhny Novgorod), translated as Gorky Automobile Plant (Russian: ), started in 1929 as NNAZ, a cooperation between Ford and the Soviet Union. ...


Since 1989, Ford has acquired Aston Martin (which it sold again on 2007-03-12[22], but it will retain a $77 million stake in the sports car maker[23]), Jaguar, Land Rover, from the United Kingdom and Volvo Cars from Sweden, as well as a controlling share (33.4%) of Mazda of Japan, with which it operates an American joint venture plant in Flat Rock, Michigan called Auto Alliance. It has spun off its parts division under the name Visteon. Its prestige brands, with the exception of Lincoln, are managed through its Premier Automotive Group. Aston Martin Lagonda Limited is a manufacturer of luxury performance cars, whose headquarters are at Gaydon, Warwickshire, England in the United Kingdom. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ... is the 71st day of the year (72nd in leap years) in the Gregorian calendar. ... Jaguar Cars Limited is a luxury car manufacturer, originally with headquarters in Browns Lane, Coventry, England but now at Whitley, Coventry. ... Land Rover was the name of one of the first British civilian all-terrain utility vehicles, first produced by Rover in 1947. ... Volvo Cars, or Volvo Personvagnar, is a well-known Swedish automobile maker founded in 1927 in the city of Gothenburg in Sweden. ... Controlling interest is to have control of a large enough portion of voting stock in a company such that no other stock holder can oppose you. ... This article or section does not cite any references or sources. ... A joint venture (often abbreviated JV) is an entity formed between two or more parties to undertake economic activity together. ... AutoAlliance International (AAI) is the name of a joint venture automobile assembly firm co-owned by Ford Motor Company and Mazda Motor Corporation. ... Visteon is an automotive parts company spun off from the Ford Motor Company. ... The Premier Automotive Group (PAG), is a group within the Ford Motor Company that overlooks the business operations of its three European luxury automobile subsidiaries: Jaguar, Land Rover and Volvo Cars. ...


Ford's FoMoCo parts division sells aftermarket parts under the Motorcraft brand name. Motorcraft is an autoparts store which sells and manufactures replacement parts for new and old Ford Motor Company vehicles. ...


Ford's non-manufacturing operations include organizations such as automotive finance operation Ford Motor Credit Company. Ford also sponsors numerous events and sports facilities around the nation, most notably Ford Center in downtown Oklahoma City and Ford Field in downtown Detroit. Ford Motor Credit Company is the financial services arm of Ford Motor Company, and is headquartered in Dearborn, Michigan. ... For the rehabilitation facility in California, sometimes referred to in the media as the Ford Center, see Betty Ford Clinic. ... Downtown Oklahoma City The State Capitol of Oklahoma From The South Motto: Nickname: Capital of the New Century Founded 1889 Incorporated County Oklahoma County Cleveland County Canadian County Borough {{{borough}}} Parrish {{{parrish}}} Mayor Mick Cornett Area  - Total  - Water 1,608. ... Ford Field is an indoor football stadium located in Detroit, Michigan that is the home of the Detroit Lions of the NFL. It is across the street from Comerica Park. ... Motto: Speramus Meliora; Resurget Cineribus (We Hope For Better Things; It Shall Rise From the Ashes - this motto was adopted after the disastrous 1805 fire that devastated the city) Nickname: The Motor City and Motown Location in Wayne County, Michigan Founded Incorporated July 24, 1701 1815  County Wayne County Mayor...


Overall the Ford Motor Company controls the following operational car marques: Ford, Jaguar, Land Rover, Lincoln, Mazda, Mercury, and Volvo; Jaguar, Land Rover, and Volvo are currently part of the Premier Automotive Group. Jaguar Cars Limited is a luxury car manufacturer, originally with headquarters in Browns Lane, Coventry, England but now at Whitley, Coventry. ... Land Rover was the name of one of the first British civilian all-terrain utility vehicles, first produced by Rover in 1947. ... Lincoln is an American luxury automobile brand, operated under the Ford Motor Company. ... This article or section does not cite any references or sources. ... Mercury is an automobile marque of the Ford Motor Company founded in 1939 to market near-luxury cars slotted between entry-level Ford and luxury Lincoln models, similar to General Motors Buick (and former Oldsmobile) brand and Chryslers Chrysler brand. ... Volvo Cars, or Volvo Personvagnar, is a well-known Swedish automobile maker founded in 1927 in the city of Gothenburg in Sweden. ... The Premier Automotive Group (PAG), is a group within the Ford Motor Company that overlooks the business operations of its three European luxury automobile subsidiaries: Jaguar, Land Rover and Volvo Cars. ...


Global markets

Initially, Ford models sold outside the U.S. were essentially versions of those sold on the home market, but later on, models specific to Europe were developed and sold. Attempts to globalize the model line have often failed, with Europe's Ford Mondeo selling poorly in the United States, while U.S. models such as the Ford Taurus have fared poorly in Japan and Australia, even when produced in right hand drive. The small European model Ka, a hit in its home market, did not catch on in Japan, as it was not available as an automatic. The Mondeo was dropped by Ford Australia, because the segment of the market in which it competes had been in steady decline, with buyers preferring the larger local model, the Falcon. One recent exception is the European model of the Focus, which has sold strongly on both sides of the Atlantic. For other uses, see Europe (disambiguation). ... The Ford Mondeo is a large family car sold by the Ford Motor Company in various markets throughout the world. ... The Ford Taurus is a mid-size, front wheel drive car manufactured by the Ford Motor Company in North America. ... This article concerns rules of the road regarding land vehicles; for sea-going vehicles, see International Regulations for Preventing Collisions at Sea. ... This article does not cite any references or sources. ... Ford factory in Norlane, Victoria, 1957. ... This article is about the Australian car model. ... The Ford Focus is a small family car made by Ford and sold in most Ford markets worldwide. ... The Atlantic Ocean is Earths second-largest ocean, covering approximately one_fifth of its surface. ...


Europe

History

At first, Ford in Germany and the United Kingdom built different models from one another until the late 1960s, with the Ford Escort and then the Ford Capri being common to both companies. Later on, the Ford Taunus and Ford Cortina became identical, produced in left hand drive and right hand drive respectively. Rationalization of model ranges meant that production of many models in 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 such as "Jellymould" and "The Salesman's Spaceship." The Ford Escort was a compact car manufactured by the Ford Motor Company from 1967 through 2003. ... Ford Capri Mk III 1. ... Ford Taunus was a large family car sold by Ford in Germany. ... The Ford Cortina was a medium sized family car sold by Ford of Britain in various guises from 1962 to 1982. ... This article concerns rules of the road regarding land vehicles; for sea-going vehicles, see International Regulations for Preventing Collisions at Sea. ... The Ford Sierra was a large family car built by Ford Europe between 1982 and 1993, originally designed by Uwe Bahnsen, Robert Lutz and Patrick le Quément, . Released on 21 September 1982, it replaced the Ford Cortina/Taunus, and was itself replaced by the Mondeo. ...


Increasingly, Ford Motor Company has looked to Ford of Europe for its "world cars," such as the Mondeo, Focus, and Fiesta, although sales of European-sourced Fords in the U.S. have been disappointing. In Asia, models from Europe are not as competitively priced as Japanese-built rivals, nor are they perceived as reliable. The Focus has been one exception to this, which has become America's best selling compact car since its launch in 2000. [citation needed] The Ford Fiesta is a mid-class supermini car designed and built by the Ford Motor Company in Europe, and also manufactured in Brazil, Mexico, Venezuela, China, India and South Africa. ... For other uses, see Asia (disambiguation). ...


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 the Transit van continues at the company's Southampton facility, 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 the use of this brand name was discontinued circa 1965. It owns the Jaguar and/or Land Rover car plants in Britain; Ford's former Halewood Assembly Plant was converted for production of the Jaguar X-Type and currently also assembles Land-Rover's Freelander 2. Jaguars are also assembled at Castle Bromwich, Birmingham while the rest of the Land-Rover range is assembled at Solihull, near Birmingham. This article does not cite any references or sources. ... Also see: 2002 (number). ... The Ford Transit is a range of panel vans, minibuses and pickup trucks, produced by the Ford Motor Company in Europe. ... Southampton is the largest city[1] on the south coast of England. ... Bridgend (Welsh: Pen-y-bont ar Ogwr) is a town in the traditional county of Glamorgan and the main town in the county borough of Bridgend in south Wales. ... Dagenham is a suburban town in east London, in the London Borough of Barking and Dagenham, situated 12 miles (19. ... Halewood is a town (population c 22,000) in the Metropolitan Borough of Knowsley, Merseyside, England, situated to the south-east of Liverpool. ... Dunton is the name of more than one place. ... , For other uses, see Cologne (disambiguation). ... Thames badge 1964 Thames Trader recovery vehicle. ...


Elsewhere in continental Europe, Ford assembles the Mondeo range in Genk (Belgium), Fiesta in Valencia (Spain) and Cologne (Germany), Ka in Valencia, and Focus in Valencia, Saarlouis (Germany) and Vsevolozhsk (Russia). Transit production is in Kocaeli (Turkey), Southampton (UK), and Transit Connect in Kocaeli. The Ford Mondeo is a large family car sold by the Ford Motor Company in various markets throughout the world. ... Geography Country Belgium Community Flemish Community Region Flemish Region Province Limburg Arrondissement Hasselt Coordinates , , Area 87. ... Location Coordinates : 39°29′ N 0°22′ W Time Zone : CET (GMT +1) - summer: CEST (GMT +2) General information Native name València (Catalan) Spanish name Valencia Founded 137 BC Postal code 46000-46080 Website http://www. ... , For other uses, see Cologne (disambiguation). ... Saarlouis is a city in the Saarland, Germany, capital of the district of Saarlouis. ... Vsevolozhsk (Russian: ) is a town in Leningrad Oblast, Russia, located on the Lubya River (Okhtas tributary) 24 km east of St. ... Izmit (also known as Ismid and Kocaeli) is a city in the northwestern part of Anatolia, Turkey. ... Southampton is the largest city[1] on the south coast of England. ... Izmit (also known as Ismid and Kocaeli) is a city in the northwestern part of Anatolia, Turkey. ...


Ford also owns a joint-venture production plant in Turkey. Ford-Otosan, established in 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 Setubal in Portugal, set up in collaboration with Volkswagen, assembles the Galaxy people carrier as well as its sister ship, the VW Sharan. Izmit (also known as Ismid and Kocaeli) is a city in the northwestern part of Anatolia, Turkey. ... Setúbal is a city in Portugal located on the northern bank of the Sado river estuary, home to 100. ... Volkswagen AG (ISIN: DE0007664005), or VW, is an automobile manufacturer based in Wolfsburg, Germany. ... See also the Ford Galaxie full-size car of the 1950s and 1960s The Ford Galaxy is a large MPV first introduced in 1995. ... VW Sharan The VW Sharan is a Multi Purpose Vehicle (MPV) or people carrier sold by Volkswagen in Europe, in a joint venture with Ford, which sells a version of the same model as the Ford Galaxy. ...


Ford Europe has broken new ground with a number of relatively futuristic car launches over the last 50 years.


Its 1959 Anglia two-door saloon was one of the most quirky-looking small family cars in Europe at the time of its launch, but buyers soon became accustomed to its looks and it was hugely popular with British buyers in particular. It was still selling well when replaced by the more practical Escort in 1967. Year 1959 (MCMLIX) was a common year starting on Thursday (link will display full calendar) of the Gregorian calendar. ... The Ford Anglia was a British car from Ford in the UK. It was related to the Ford Prefect and the later Ford Popular. ... For other uses, see Europe (disambiguation). ... The Ford Escort was a compact car manufactured by the Ford Motor Company from 1967 through 2003. ... Year 1967 (MCMLXVII) was a common year starting on Sunday (link will display full calendar) of the 1967 Gregorian calendar. ...


The third incarnation of the Ford Escort was launched in 1980 and marked the company's move from rear-wheel drive saloons to front-wheel drive hatchbacks in the small family car sector. It also offered levels of style, comfort and refinement which were almost unmatched on comparable cars of this era. It was a huge success all over Europe and it was Britain's most popular car for most of its 10-year production life. The Ford Escort was a compact car manufactured by the Ford Motor Company from 1967 through 2003. ... Year 1980 (MCMLXXX) was a leap year starting on Tuesday (link displays the 1980 Gregorian calendar). ... For other uses, see Europe (disambiguation). ...


The fourth generation Escort was produced from 1990 until 2000, although its successor - the Focus - had been on sale since 1998. On its launch, the Focus was arguably the most dramatic-looking and fine-handling small family cars on sale, and sold in huge volumes right up to the launch of the next generation Focus at the end of 2004. Year 1990 (MCMXC) was a common year starting on Monday (link displays the 1990 Gregorian calendar). ... Year 2000 (MM) was a leap year starting on Saturday (link will display full 2000 Gregorian calendar). ... Ford Focus is the name of a series of compact/small family cars made by the Ford Motor Company and sold in most Ford markets worldwide. ... Year 1998 (MCMXCVIII) was a common year starting on Thursday (link will display full 1998 Gregorian calendar). ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ...


The 1982 Ford Sierra - replacement for the long-running and massively popular Cortina and Taunus models - was a style-setter at the time of its launch. Its ultramodern aerodynamic design was a world away from a boxy, sharp-edged Cortina, and it was massively popular just about everywhere it was sold. A series of updates kept it looking relatively fresh until it was replaced by the front-wheel drive Mondeo at the start of 1993. Year 1982 (MCMLXXXII) was a common year starting on Friday (link displays the 1982 Gregorian calendar). ... The Ford Sierra was a large family car built by Ford Europe between 1982 and 1993, originally designed by Uwe Bahnsen, Robert Lutz and Patrick le Quément, . Released on 21 September 1982, it replaced the Ford Cortina/Taunus, and was itself replaced by the Mondeo. ... The Ford Cortina was a medium sized family car sold by Ford of Britain in various guises from 1962 to 1982. ... Ford Taunus was a large family car sold by Ford in Germany. ... The Ford Mondeo is a large family car sold by the Ford Motor Company in various markets throughout the world. ... Year 1993 (MCMXCIII) was a common year starting on Friday (link will display full 1993 Gregorian calendar). ...


The first two incarnations of the Mondeo were well-built, refined and reliable family cars that attracted strong sales, but the third incarnation (launched in 2007) took the large family car market to new heights in terms of build quality, refinement, comfort, equipment, driver appeal and value for money. Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ...


The rise in popularity of small cars during the 1970s saw Ford enter the mini-car market in 1976 with its Fiesta hatchback. Most of its production was concentrated at Valencia in Spain, and the Fiesta sold in huge figures from the very start. An update in 1983 and the launch of an all-new model in 1989 strengthened its position in the small car market. The second generation Fiesta was significantly updated twice before an all-new model was launched in 2002, and over the years it has become more refined, spacious, better-built and more enjoyable to drive. The 1970s decade refers to the years from 1970 to 1979, also called The Seventies. ... Year 1976 Pick up sticks(MCMLXXVI) was a leap year starting on Thursday (link will display full calendar) of the Gregorian calendar. ... The Ford Fiesta is a mid-class supermini car designed and built by the Ford Motor Company in Europe, and also manufactured in Brazil, Mexico, Venezuela, China, India and South Africa. ... Location Coordinates : Time Zone : CET (GMT +1) - summer: CEST (GMT +2) General information Native name València (Valencian) Spanish name Valencia Founded 137 BC Postal code 46000-46080 Website http://www. ... Year 1983 (MCMLXXXIII) was a common year starting on Saturday (link displays the 1983 Gregorian calendar). ... Year 1989 (MCMLXXXIX) was a common year starting on Sunday (link displays 1989 Gregorian calendar). ... Also see: 2002 (number). ...


Asia Pacific

Ford dealership in Ho Chi Minh City, Vietnam (August 2005)
Ford dealership in Ho Chi Minh City, Vietnam (August 2005)

In New Zealand and Australia, the popular Ford Falcon was long considered the average family car and is considerably larger than the Mondeo, Ford's largest car sold in Europe. Between 1960 and 1972, the Falcon was based on a U.S. Ford of that name, but since then has been entirely designed and manufactured locally. Like its General Motors rival, the Holden Commodore, the 4.0 L Falcon retains rear wheel drive. High performance variants of the Falcon running locally-built engines produce up to 365 hp. A ute (short for "utility," known in the US as pickup truck) version is also available with a similar range of drivetrains. In addition, Ford Australia sells highly-tuned Falcon sedans and utes through its performance car division, Ford Performance Vehicles. These cars produce 390 hp and are built in small numbers to increase their value as collectors' cars. Image File history File links Size of this preview: 800 × 547 pixel Image in higher resolution (999 × 683 pixel, file size: 149 KB, MIME type: image/jpeg) Ford dealership in Ho Chi Minh City, Vietnam (August 2005). ... Image File history File links Size of this preview: 800 × 547 pixel Image in higher resolution (999 × 683 pixel, file size: 149 KB, MIME type: image/jpeg) Ford dealership in Ho Chi Minh City, Vietnam (August 2005). ... City skyline Ho Chi Minh City (Vietnamese: Thành phố Hồ Chí Minh  ) is the largest city in Vietnam and is located near the Mekong Delta. ... This article is about the Australian car model. ... General Motors Corporation (NYSE: GM), also known as GM, is an American automobile maker with worldwide operations and brands including Buick, Cadillac, Chevrolet, GMC, Holden, Hummer, Opel, Pontiac, Saturn, Saab and Vauxhall. ... The Holden Commodore is an automobile produced by the Holden division of General Motors (GM) in Australia. ... It has been suggested that this article or section be merged with Pickup. ... The best selling North American pickup truck, the Ford F-Series. ... Ford Performance Vehicles (FPV) is the Melbourne-based official performance tuning division of Ford Australia, founded in 2002. ...


In Australia, the Commodore and Falcon have traditionally outsold all other cars and comprise over 20% of the new car market. In New Zealand, Ford was second in market share in the first eight months of 2006 with 14.4 per cent.[24] This is all set to change with a shift away from local manufacturing and assembly: 2007 second quarter has seen Ford Australia cut their prestige (LWB) models and more recently, announced closure of their key engine manufacturing. This is due partly to drops in sales with stiff competition from Toyota's new Aurion and an updated Mitsubishi 380, both taking a large piece of the local family sedan market. Ford is betting on growth in small car sales with the Focus which it plans to assemble locally, and the popular Territory (Falcon-based) SUV.


Ford's presence in Asia has traditionally been much smaller. However, with the acquisition of a stake in Japanese manufacturer Mazda in 1979, Ford began selling Mazda's Familia and Capella (also known as the 323 and 626) as the Ford Laser and Telstar. The Laser was one of the most successful models sold by Ford in Australia, and outsold the Mazda 323, despite being almost identical to it. The Laser was also built in Mexico and sold in the U.S. as the Mercury Tracer, while the 1991 (and on through the end of the model in the early 2000s) American Ford Escort (and 1991-on Tracer) was based on the Laser/Mazda 323, assembled in the US and Mexico. This article or section does not cite any references or sources. ... It has been suggested that this article or section be merged into Mazda Familia. ... The Mazda 626 is an automobile produced by Mazda for the export market. ... The Ford Laser was a compact car sold by Ford in Asia, Australia, and parts of South America and Africa. ... The Ford Telstar was an automobile sold by the Ford Motor Company in Asia, Australasia and Africa, comparable in size to the European Ford Sierra and the American Ford Tempo. ... The Mercury Tracer was a compact Mercury car. ...


Through its relationship with Mazda, Ford also acquired a stake in South Korean manufacturer Kia, which built the (Mazda-based) Ford Festiva from 1988-1993, and the Ford Aspire from 1994-1997 for export to the United States, but later sold their interest to Hyundai. Kia continued to market the Aspire as the Kia Avella, later replaced by the Rio and once again sold in the US. Ironically, Hyundai also manufactured the Ford Cortina until the 1980s. Ford also has a joint venture with Lio Ho in Taiwan, which assembled Ford models locally since the 1970s. For the history of Korea, see Korea. ... KIA or Kia may mean: Killed in action Kirby Ian Andersen Kings Indian Attack, a chess opening Kuwait Investment Authority Kachin Independence Army, in Kachin State, Myanmar Kia Motors Kia Asamiya, a popular Japanese manga artist. ... The Ford Festiva was a subcompact car sold by the Ford Motor Company in North America, Asia and Australasia, introduced in 1986 in Japan. ... Ford Aspire was the name given to the second-generation Ford Festiva subcompact car sold by Ford Motor Company in the US and Canada from 1994 to 1997. ... The Hyundai Motor Company (hangul:현대자동차; hanja:現代自動車), a division of the Hyundai Kia Automotive Group, is South Koreas largest and the worlds Sixth Largest Automaker. ...


Ford came to India in 1998 with its Ford Escort model, which was later replaced by locally produced Ford Ikon in 2001. It has since added Fusion, Fiesta, Mondeo and Endeavour to its product line. The Ford Escort was a compact car manufactured by the Ford Motor Company from 1967 through 2003. ... The Ford Ikon is a sedan version of the Ford Fiesta on the Ford B platform. ...


South America

In South America, Ford has had to face protectionist government measures in each country, with the result that it built different models in different countries, without particular regard to rationalization or economy of scale inherent to producing and sharing similar vehicles between the nations. In many cases, new vehicles in a country were based on those of the other manufacturers it had entered into production agreements with, or whose factories it had acquired. For example, the Corcel and Del Rey in Brazil were originally based on Renault vehicles. South America South America is a continent crossed by the equator, with most of its area in the Southern Hemisphere. ... The Ford Corcel was a car sold by Ford Motor Company in Brazil. ... The Ford Del Rey was a family car produced by Ford Motor Company in Brazil from 1981 to 1991. ... Renault S.A. is a French vehicle manufacturer producing cars, vans, buses, tractors, and trucks. ...


In 1987, Ford merged its operations in Brazil and Argentina with those of Volkswagen to form a company called Autolatina, with which it shared models. Sales figures and profitability were disappointing, and Autolatina was dissolved in 1995. With the advent of Mercosur, the regional common market, Ford was finally able to rationalize its product line-ups in those countries. Consequently, the Ford Fiesta and Ford EcoSport are only built in Brazil, and the Ford Focus only built in Argentina, with each plant exporting in large volumes to the neighboring countries. Models like the Ford Mondeo from Europe could now be imported completely built up. Ford of Brazil produces a pick-up truck version of the Fiesta, the Courier, which is also produced in South Africa as the Ford Bantam in right hand drive versions. Volkswagen AG (ISIN: DE0007664005), or VW, is an automobile manufacturer based in Wolfsburg, Germany. ... Autolatina was the name of a joint venture between Volkswagen and Ford in South America. ... Motto (Spanish) (Portuguese) (Guaraní) Our North is the South  â€¢  â€¢ Pro Tempore Secretariat Montevideo, Uruguay Largest city São Paulo, Brazil Official languages 3 Portuguese Spanish Guaraní Membership 5 Argentina Brazil Paraguay Uruguay Venezuela Leaders  -  Carlos Álvarez Establishment  -  Declaration of Foz do Iguaçu 30 December 1985   -  Treaty of Asunción... The Ford Fiesta is a mid-class supermini car designed and built by the Ford Motor Company in Europe, and also manufactured in Brazil, Mexico, Venezuela, China, India and South Africa. ... The Ford EcoSport car. ... Ford Focus is the name of a series of compact/small family cars made by the Ford Motor Company and sold in most Ford markets worldwide. ... The Ford Mondeo is a large family car sold by the Ford Motor Company in various markets throughout the world. ... There are four distinct Ford vehicle lines which have used the Courier name: 1952-1958 American utility van 1991–2002 European van bronco 1998–present Brazilian pickup 1972-1982 American pickup and 1972–2006 Australian and New Zealand pick-up (rebadged Mazda B-Series) In the United States, the Ford... The Ford Bantam is a utility vehicle sold by the Ford Motor Company in South Africa. ... This article is 150 kilobytes or more in size. ...


Africa and Middle East

In Africa Ford's market presence has traditionally been strongest in South Africa and neighboring countries, with only trucks being sold elsewhere on the continent. Ford in South Africa began by importing kits from Canada to be assembled at its Port Elizabeth facility. Later Ford sourced its models from the UK and Australia, with local versions of the Ford Cortina including the XR6, with a 3.0 V6 engine, and a Cortina 'bakkie' or pick-up, which was exported to the UK. In the mid-1980s Ford merged with a rival company, owned by Anglo American, to form the South African Motor Corporation (Samcor). A world map showing the continent of Africa Africa is the worlds second-largest and second most-populous continent, after Asia. ... Anglo American plc (LSE: AAL, JSE: ANGLO) is a world-wide group of companies, originally founded in South Africa as a mining enterprise but now extending into other areas. ... The South African Motor Corporation, known more commonly as Samcor, was a South African car manufacturer created in 1985 through the merger of Fords South African subsidiary and Anglo-American Motor Corporation, which produced Mazdas for the local market. ... The South African Motor Corporation, known more commonly as Samcor, was a South African car manufacturer created in 1985 through the merger of Fords South African subsidiary and Anglo-American Motor Corporation, which produced Mazdas for the local market. ...


Following international condemnation of apartheid, Ford divested from South Africa in 1988, and sold its stake in Samcor, although it licensed the use of its brand name to the company. Samcor began to assemble Mazdas as well, which affected its product line-up, which saw the European Fords like the Escort and Sierra replaced by the Mazda-based Laser and Telstar. Ford bought a 45 per cent stake in Samcor following the demise of apartheid in 1994, and this later became, once again, a wholly owned subsidiary, the Ford Motor Company of Southern Africa. Ford now sells a local sedan version of the Fiesta (also built in India and Mexico), and the Focus and Mondeo Europe. The Falcon model from Australia was also sold in South Africa, but was dropped in 2003. A segregated beach in South Africa, 1982. ... This article or section does not cite any references or sources. ... The original Telstar had a roughly spherical shape. ... The South African Motor Corporation, known more commonly as Samcor, was a South African car manufacturer created in 1985 through the merger of Fords South African subsidiary and Anglo-American Motor Corporation, which produced Mazdas for the local market. ...


Ford's market presence in the Middle East has traditionally been even smaller, partly due to previous Arab boycotts of companies dealing with Israel. Ford and Lincoln vehicles are currently marketed in ten countries in the region.[25] Saudi Arabia, Kuwait, and the UAE are the biggest markets. Ford also established itself in Egypt in 1926, but faced an uphill battle during the 1950s due to the hostile nationalist business environment [26]. Ford's distributor in Saudi Arabia announced in February 2003 that it had sold 100,000 Ford and Lincoln vehicles since commencing sales in November 1986. Half of the Ford/Lincoln vehicles sold in that country were Ford Crown Victorias.[27] In 2004, Ford sold 30,000 units in the region, falling far short of General Motors' 88,852 units and Nissan Motors' 75,000 units. A map showing countries commonly considered to be part of the Middle East The Middle East is a region comprising the lands around the southern and eastern parts of the Mediterranean Sea, a territory that extends from the eastern Mediterranean Sea to the Persian Gulf. ... Languages Arabic and other minority languages Religions Islam, Christianity, Druzism and Judaism An Arab (Arabic: , arabi) is a member of a complexly defined ethnic group who identifies as such on the basis of one or more of either genealogical, political, or linguistic grounds. ... UAE redirects here; for other uses of that term, see UAE (disambiguation) The United Arab Emirates is an oil-rich country situated in the south-east of the Arabian Peninsula in Southwest Asia, comprising seven emirates: Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah and Umm al-Quwain. ... For the Police Interceptor version used by law enforcement, see Ford Crown Victoria Police Interceptor. ... General Motors Corporation (NYSE: GM), also known as GM, is an American automobile maker with worldwide operations and brands including Buick, Cadillac, Chevrolet, GMC, Holden, Hummer, Opel, Pontiac, Saturn, Saab and Vauxhall. ... Nissan Motor Co. ...


Environmental record

In 2000, under the leadership of the current Ford chairman, William Clay (Bill) Ford, the Company stunned the industry (and pleased environmentalists) with an announcement [28] of a planned 25 percent improvement in the average mileage of its light truck fleet — including its popular SUVs — to be completed by the 2005 calendar year. However, in 2003, Ford announced that competitive market conditions and technological and cost challenges would prevent the company from achieving this goal. Ford did achieve significant progress towa