Monday, May 25, 2020

Ford vs. Gm Essay - 4861 Words

FORD MOTOR COMPANY .VS. GENERAL MOTORS Ford Automotive Company Background The Ford Automotive Company began as a vision of its founder Henry Ford. Henry Ford was born in 1863 on a farm near Dearborn, Michigan. In 1890 Ford’s hobby in the engineering field became a career as he began his employment at Detroit Edison Company. In 1892, Ford built his first gasoline buggy in which he sold in 1896 to help fund the construction of a new automobile. Three years later in 1899, Ford was forced to quit despite his promotion to chief engineer because of his hobby outside of work. The loss of his career at Detroit Edison Company did not slow Ford down. Soon after that he started Detroit Automobile Company with the help of some private†¦show more content†¦Ford, Jr. (Executive Chairman) and Alan R. Mulally (President amp; CEO). Ford’s production consists of automobiles and automotive parts. Ford produces amazing vehicles such as the Mustang, F-150, Fusion, Taurus, Focus, etc. Ford also has subsidiaries such as Jaguar, Land Rover, and Vo lvo. Ford has its own luxury cars under the Lincoln brand. The line of services that ford provides involves automotive finance, vehicle leasing, and vehicle service. Ford Motor Company has had an exceptional year with revenue up $136.26 billion, operating income up $8.681 billion, net income up $20.21 billion, total assets up $178.35 billion, and total equity up $15.07 billion. General Motors Company Profile General Motors Company is labeled as a publicly traded company on the New York Stock Exchange. The headquarters of GM is located in Detroit, Michigan in the Renaissance Center. GM has 156 facilities on six different continents and serves the public worldwide. One the key people in the current success of GM is Daniel Ackerson (Chairman and CEO). Their products include automobiles and automotive parts and also financial services. GM has a many subsidiaries that consist of CAMI, Adam Opel AG, Holden Ltd, Vauxhall, and more. GM’s divisions include Chevrolet, Buick, Cadillac, and GMC. The 202,000 employees have helped to produce revenue adding up to $150.28 billion in 2011. To add to GM’s great year, theShow MoreRelatedGm vs Ford11134 Words   |  45 Pagesfinancial evolution of General Motors Company (GM) in the last ten years. Events like the global economic recession lead to a deep restructuring of the firm, filling for bankruptcy and a government bailout. 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In this regard Lutz did not disappoint, and from a self-described product guy, he seems to lay out the reasons for the incredible collapse of his industry everywhere else except at his feet. For some reasonRead MoreFord vs Chevy Essay1306 Words   |  6 Pagesï » ¿Ford vs Chevrolet Ford and Chevrolet (Chevy) are in the automotive industry and have been in completion for many years start back in 1908, both companies started in the state of Michigan and have been battling it out for profits, market share and hometown bragging rights. Ford was founded in the suburb of Dearborn, Michigan and Chevy was founded in Flint, Michigan. Ford and Chevy both are good-producing sectors, they both manufacture automobiles that are similar but different. They each haveRead MoreFinance Project3247 Words   |  13 PagesFinance Final Project General Motors Company vs Ford Motor Company Lauren Grippo GENERAL MOTORS CORPORATION (COMPANY) General Motors Corporation (General Motors or GM) was incorporated on August 11, 2009. Also known as GM, the company designs, builds and sells cars, trucks and automobiles parts globally and headquartered in Detroit, Michigan. The company also provides automotive financing services through General Motors Financial Company, Inc. (GM Financial). The company designs, manufacturesRead MoreFord Vs. General Motors3476 Words   |  14 PagesFord Vs. General Motors: Comparisons of the Greatest Manufacturers According to Forbes, in 2007, there were forty different car brands in the United States with about sixteen million automobiles sold (Marks). Although there are many manufacturers, two of the main automobile distributors are Ford and General Motors. 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