Shares Ford Motor

An American concern Ford Motor Company manufactures passenger cars, including the Lincoln-branded premium class, special equipment, and spare car parts, as well as racing vehicles. Besides its own production in the USA and joint ventures in Asia, Ford owns the Brazilian off-road vehicle manufacturer Troller, shares of the British company Aston Martin and 49% of the Chinese concern Jiangling Motors. The legendary founder of the brand (Henry Ford), who took cars to the assembly line, was the sole proprietor of the company, but soon after his death in 1956, Ford stocks were listed on the New York Stock Exchange. His heirs own as little as 1% of the stocks; however, they account for 40% of the votes – in fact, they fully control the concern's operations. In 2008, the company's 90 factories, located all around the world, produced 5.5 million cars, but the crisis put it at the risk of bankruptcy. This did not happen thanks to skillful management, and in 10 years the company still remains one of the leaders of the global car market. It owns a financial organization Ford Motor Credit Company, specializing in auto lending. It managed to survive the crisis in the American car industry, and now its annual net profit amounts to $1.7 billion. As far as Ford Concern at large is concerned, in 2017, its net profit amounted to $7.6 billion, and the number of vehicles manufactured reached 6.6 million units of output annually.