Ford Motor Company is an American multinational automaker headquartered in Dearborn, Michigan, a suburb of Detroit. It was founded by Henry Ford and incorporated in 1903. The company sells both automobiles and commercial vehicles under the Ford brand.
The company 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. By 1914 these methods were known around the world as Fordism. Ford’s former UK subsidiaries Jaguar and Land Rover, were sold to Tata Motors in March 2008 and Ford owned the Swedish automaker Volvo from 1999 to 2010.
Ford owns a 2.1% stake in Mazda of Japan, an 8% stake in Aston Martin of the United Kingdom, and a 49% stake in Jiangling of China. It is listed on the New York Stock Exchange and is controlled by the Ford family, although they have minority ownership. Ford is the second-largest U.S.-based automaker behind General Motors, and the fifth-largest in the world based on 2010 vehicle sales. Ford employs over 210,000 employees at around 90 plants and facilities worldwide.