Ford Motor Company, founded in 1903 and headquartered in the United States, is a publicly owned American multinational automaker. It is the world's fifth-largest automaker based on 2021 production. The company employs 218,660 people and is known for its iconic vehicles such as the Ford Mustang, Ford F-Series trucks, and Ford Explorer SUV.
Ford Motor Company is preparing for another round of salaried worker layoffs in the United States. The company secured a U.S. government loan commitment for a joint venture between its electric-vehicle battery affiliate and SK Innovation. SK Innovation shares rose as a result. In other news, the Sixth Circuit declined to review a panel decision dismissing truck owners' claims that Ford misled regulators and exaggerated the fuel economy of its pickup trucks. Ford Executive Chairman Bill Ford expressed concerns about the U.S.'s ability to compete with China in electric vehicle production due to China's rapid development and large-scale production. Ford Motor Company is the world's largest car manufacturer, with net sales primarily from car sales, followed by financing services and other sources. Net sales are distributed across various regions, with the majority in the United States.
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