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Ford cost-cutting hits temps

DETROIT, Nov. 27 (UPI) --

Ford near settlement of bias suits

DETROIT, Nov. 16 (UPI) -- Ford Motor Co. reportedly is close to settling two class-action lawsuits accusing the automaker of age, sex and race discrimination. The Wall Street Journal and

Ford recalls 1M vehicles

DETROIT, Oct. 31 (UPI) --
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Ford Motor
Sen. Debbie Stabenow, D-MI, and Sen. Carl Levin, D-MI, participate in a news conference announcing Ford Motor Company's deliverance of several Ford Escape Hybrid E85 vehicles to various DC-area organizations for real world testing on Capitol Hill in Washington on June 13, 2007. (UPI Photo/Roger L. Wollenberg)
Wiki

The Ford Motor Company (NYSE: F) is an American multinational corporation and the world's fourth largest automaker based on worldwide vehicle sales, following Toyota, General Motors, and Volkswagen. Based in Dearborn, Michigan, a suburb of Detroit, the automaker was founded by Henry Ford and incorporated on June 16, 1903. In addition to the Ford, Lincoln, and Mercury brands, Ford also owns Volvo Cars of Sweden, and a small stake in Mazda of Japan and Aston Martin of England. Ford's former UK subsidiaries Jaguar and Land Rover were sold to Tata Motors of India in March 2008.

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. Henry Ford's methods came to be known around the world as Fordism by 1914.

In 2007, Ford fell from the second-ranked automaker to the third-ranked automaker in US sales for the first time in 56 years, behind General Motors and Toyota. Based on 2007 global sales, Ford fell to the fourth-ranked spot behind Volkswagen. By 2009, Ford had become the second largest automaker in Europe (only behind Volkswagen), with large markets in the United Kingdom and Germany and sales that exceed those in the United States. Ford is the seventh-ranked overall American-based company in the 2008 Fortune 500 list, based on global revenues in 2008 of $146.3 billion. In 2008, Ford produced 5.532 million automobiles and employed about 213,000 employees at around 90 plants and facilities worldwide. Starting in 2007, Ford received more initial quality survey awards from J. D. Power and Associates than any other automaker. Five of Ford's vehicles ranked at the top of their categories and fourteen vehicles ranked in the top three.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Ford Motor."
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