FORD MOTOR CO (F)

Ford Motor Company is a global automaker based in Dearborn, Michigan, incorporated in Delaware in 1919 as the successor to a Michigan company founded in 1903 to produce automobiles designed by Henry Ford. With about 169,000 employees, it develops and sells Ford trucks, sport utility vehicles, commercial vans and cars, and Lincoln luxury vehicles, along with connected services such as the BlueCruise driver-assistance system and security. Its growth strategy, called Ford+, combines existing strengths, new capabilities and continuing relationships with customers.

The company reports three automotive segments plus a financing segment. Ford Blue sells Ford and Lincoln internal combustion and hybrid vehicles, service parts, accessories and digital services, and also provides hardware engineering and manufacturing to the other segments. It also covers markets outside Model e and Pro scope, sales of EVs by unconsolidated affiliates in China, and vehicles sold to other manufacturers. Ford Model e develops and sells electric vehicles, including extended range electric vehicles, and builds software and connected vehicle technology for the enterprise. It operates in North America, Europe and China. Ford Pro serves commercial, government and rental customers with vehicles such as Super Duty and the Transit van range, plus services including telematics and EV charging, and operates in North America and Europe. Ford Credit, through Ford Motor Credit Company LLC, provides vehicle financing and leasing, including retail installment and lease contracts, dealer floorplan and other dealer loans, and purchases of receivables. Most of its business is in the United States and Canada, with Europe its largest operation outside the U.S. Corporate Other covers corporate governance expenses, pension and retiree benefit items, and centrally managed cash and investments.

Ford sold about 4,395,000 vehicles at wholesale in 2025 under the Ford and Lincoln brands. Its largest markets by wholesale volume were the United States (about 2.1 million units), China, Canada, the United Kingdom, Germany, Türkiye, Italy, Australia and France. In 2025 its U.S. market share was 13.2%. Substantially all vehicles, parts and accessories are sold through about 8,226 distributors and dealers worldwide, most independently owned. Ford also sells to fleet customers such as commercial fleets, daily rental companies and governments, and offers extended service contracts. It does not depend on any single customer or a few customers.

Ford buys a wide range of raw materials from suppliers worldwide, including steel, aluminum, palladium, natural gas, plastics and resins, battery materials such as lithium, cobalt and nickel, and rare earth minerals. It holds numerous patents, trade secrets, copyrights and trademarks, and provides warranties on its vehicles. The worldwide automotive industry is highly competitive with many producers and no single dominant one, and competes on price, quality, styling, reliability, safety, fuel efficiency and reputation. Production tends to be higher in the first half of the year to meet spring and summer demand. The business is subject to extensive government regulation of safety, fuel economy and emissions, including U.S. EPA and California Air Resources Board standards.