Ford Motor Company International Global Crisis

1595 Words7 Pages
The synopsis of Ford Motor Company: Ford Motor Company primarily develops, manufactures, distributes, and services vehicles and parts worldwide. It operates in two sectors, Automotive and Financial Services. The Automotive sector offers vehicles primarily under the Ford and Lincoln brand names. This sector markets cars, trucks, and parts through retail dealers in North America, and through distributors and dealers outside of North America. It also sells cars and trucks to dealers for sale to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies, and governments. In addition, this sector provides retail customers with a range of after-sale vehicle services and products in the areas, such as maintenance and light repair, heavy repair, collision repair, vehicle accessories, and extended service contracts under the Ford Service, Lincoln Service, Ford Custom Accessories, Ford Extended Service Plan, and Motorcraft brand names. “The Financial Services sector offers various automotive financing products to and through automotive dealers” (NY 2). It offers retail financing, which includes retail installment contracts for new and used vehicles; direct financing leases; wholesale financing products that comprise loans to dealers to finance the purchase of vehicle inventory; loans to dealers to finance working capital, purchase real estate dealership, and/or make improvements to dealership facilities; and other financing products, as well as provides insurance services. Ford Motor Company was founded in 1903 and is based in Dearborn, Michigan. Backdrop of the global crisis that affected Ford: The economic recession worldwide has redefined many a modern economy, including the bigwigs like the... ... middle of paper ... ...n to help fund a retirement healthcare trust fund by the United Auto Workers. Despite these negatives against Ford still managed to post a profit of $2.7 billion. This increase in their financials is only because of the distrust customers had with Toyota for the drastic recalls. Works Cited "Ford Motor Company." Wikipedia, the Free Encyclopedia. Web. 03 Dec. 2011. . Stenquist, Paul. "Ford Motor Company (F) News - The New York Times." Times Topics - The New York Times. 03 Dec. 2011. Web. 03 Dec. 2011. . "Auto Industry Bailout News - The New York Times." Times Topics - The New York Times. 03 Dec. 2011. Web. 03 Dec. 2011. .

More about Ford Motor Company International Global Crisis

Open Document