Ford definition and meaning
Ford is an American multinational automaker headquartered in Dearborn, Michigan, a suburb of Detroit. The company was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobiles and commercial vehicles under the Ford brand and most luxury cars under the Lincoln brand. Ford also owns Brazilian SUV manufacturer Troller, an 8% stake in Aston Martin of the United Kingdom, and a 49% stake in Jiangling Motors of China. It also has joint-ventures in China, Taiwan, Thailand, Turkey, and Russia. The company is listed on the New York Stock Exchange and is controlled by the Ford family; they have minority ownership but the majority of the voting power.
As of 2018, Ford is the second-largest U.S.-based automaker and the fifth-largest in the world based on annual sales volume. Ford is the eighth-ranked overall American-based company in the 2018 Fortune 500 list of the largest United States corporations by total revenue. Ford manufactures automobiles under five brands, including Lincoln. In 2018, Ford sold approximately 6.54 million vehicles globally under these brands.