Ford Motor Company is engaged in producing and selling automobiles across six continents. Sectors The company operates through two sectors, Automotive and Financial Services. Automotive This sector’s vehicle brands include Ford and Lincoln. In 2013, the company sold approximately 6,330,000 vehicles at wholesale throughout the world. This sector’s business is divided into four segments: North America, South America, Europe, and Asia Pacific Africa. North America: This segment primarily includes the sale of Ford and Lincoln vehicles, service parts, and accessories in North America (the United States, Canada, and Mexico). South America: This segment primarily includes the sale of Ford vehicles, service parts, and accessories in South America. This segment serves six markets, such as Argentina, Brazil, Chile, Colombia, Ecuador, and Venezuela. Europe: This segment primarily includes the sale of Ford vehicles, components, service parts, and accessories in Europe, Turkey, and Russia. This segment serves 19 markets, such as Austria, Belgium, Britain, the Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, the Netherlands, Norway, Poland, Portugal, Spain, Sweden, and Switzerland. Asia Pacific Africa: This segment primarily includes the sale of Ford vehicles, service parts, and accessories in the Asia Pacific region and South Africa. This segment serves 11 markets, such as Australia, China, Japan, India, Indonesia, New Zealand, the Philippines, South Africa, Taiwan, Thailand, and Vietnam. In addition to the products that the company sells to its dealerships for retail sale, it sells vehicles to its dealerships for sale to fleet customers, including commercial fleet customers, daily rental car companies, and governments. The company also sells parts and accessories, primarily to its dealerships (which in turn sell these products to retail customers) and to authorized parts distributors (which in turn primarily sell these products to retailers). Through its dealerships, the company also offers extended service contracts to retail customers. Intellectual Property: The company has approximately 24,400 active patents and pending patent applications worldwide, with an average age for patents in its active patent portfolio of just under 5½ years. Financial Services This sector offers various automotive financing products to and through automotive dealers throughout the world through the company’s wholly-owned subsidiary, Ford Motor Credit Company LLC (Ford Credit). Ford Credit’s business consists of financing the company’s vehicles and supporting its dealers. Ford Credit has a portfolio of finance receivables and leases, which it classifies into two portfolios, consumer and non-consumer. Finance receivables and leases in the consumer portfolio relate to products offered to individuals and to businesses that finance the acquisition of vehicles from dealers for personal and commercial use. The financing products include retail installment sale contracts for new and used vehicles, and leases for new vehicles to retail customers, government entities, daily rental car companies, and fleet customers. Finance receivables in the non-consumer portfolio relate primarily to products offered to automotive dealers, including loans to finance the purchase of vehicle inventory (wholesale financing), for improvements to dealership facilities, for working capital, for the purchase of dealership real estate, and for other dealer vehicle program financing. Ford Credit also purchases receivables generated by the company and its subsidiaries, primarily related to the sale of parts and accessories to dealers, receivables from the company related loans, and certain used vehicles from daily rental fleet companies. Ford Credit does business in the United States and Canada through business centers. Outside of the United States, Europe is Ford Credit’s major operation. Ford Credit’s European operation is managed through its United Kingdom-based subsidiary, FCE Bank plc (FCE). Within Europe, FCE’s primary markets are the United Kingdom and Germany. Approximately 65% of FCE’s finance receivables and operating leases are from FCE’s customers and Ford dealers in the United Kingdom and Germany; approximately 18% are from FCE’s customers and Ford dealers in Italy, France, and Spain; and approximately 1% are from FCE’s customers and Ford dealers in Greece, Ireland, and Portugal. FCE also provides financing to dealerships in countries where the company has no local presence. Engineering, Research, and Development The company’s engineering, research, and development expenses were $6.4 billion for 2013. Significant Events Ford announced that it opened 45 new service and sales facilities on February 19, 2014 in India. In April 2014, Ford Motor Company and Romulus, Mich.-based DST Industries have been collaborators for nearly six decades. In April 2014, Passion and Creativity -- Ford Launches Global Fashion Collaboration Marking Mustang's 50(th) -- Five top fashion designers from around the world will collaborate with Ford on the Mustang Unleashed collection. On May 1, 2014, the company announced the establishment of a midstream division with the purchase of Sable Environmental, LLC and a related entity. In May 2014, Ford has announced that it is making an investment in a new training facility in Daventry (United Kingdom). In May 2014, Ford announced the opening of its new Ford Technical Support Center in Concord, N.C. In June 2014, Ford Motor Company opened 88 dealerships in China in a single day. The move increases Ford's presence in the country to 750 dealerships. In June 2014, Ford Motor Company and Intel Corporation have announced a joint research project that reportedly explores new applications for interior cameras, using data from existing vehicle sensors to enhance the in-vehicle experience for drivers and passengers. In September 2014, Automatic Labs and Ford Motor Company announced a joint experimental collaboration to improve the driving experience for Ford and Lincoln vehicle owners. History Ford Motor Company was founded in 1903.
ford motor co (F:New York)
One American Road
Dearborn, MI 48126
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