Ford Motor Company operates as an automotive and mobility company worldwide. The company’s core business includes designing, manufacturing, marketing, financing, and servicing a line of Ford cars, trucks, SUVs, and electrified vehicles, as well as Lincoln luxury vehicles. Sectors The company reviews and presents its business results in two sectors, Automotive and Financial Services. Automotive This sector’s vehicle brands are Ford and Lincoln. In 2015, the company sold approximately 6,635,000 vehicles at wholesale throughout the world. The company’s vehicles, parts, and accessories are sold through distributors and dealers (collectively, ‘dealerships’), the majority of which are independently owned. In addition to the products that the company sells to its dealerships for retail sale, the company sells vehicles to its dealerships for sale to fleet customers, including commercial fleet customers, daily rental car companies, and governments. The company also sells parts and accessories, primarily to its dealerships (which in turn sell these products to retail customers) and to authorized parts distributors (which in turn primarily sell these products to retailers). The company also offers extended service contracts. Intellectual Property: The company has approximately 38,500 active patents and pending patent applications worldwide, with an average age for patents in its active patent portfolio of approximately 5 years. Financial Services This sector provides financial services through the company’s wholly-owned subsidiary, Ford Motor Credit Company LLC (Ford Credit). Ford Credit: Ford Credit offers various automotive financing products to and through automotive dealers throughout the world. The primary share of Ford Credit’s business consists of financing the company’s vehicles and supporting its dealers. Ford Credit earns its revenue primarily from payments made under retail installment sale and lease contracts that it originates and purchases; interest rate supplements and other support payments from the company and its subsidiaries; and payments made under dealer financing programs. As a result of these financing activities, Ford Credit has a large portfolio of finance receivables and operating leases, which it classifies into two portfolios, ‘consumer’ and ‘non-consumer’. Finance receivables and operating leases in the consumer portfolio include products offered to individuals and businesses that finance the acquisition of the company’s vehicles from dealers for personal and commercial use. Retail financing includes retail installment sale contracts for new and used vehicles and direct financing leases for new vehicles to retail and commercial customers, including leasing companies, government entities, daily rental companies, and fleet customers. Finance receivables in the non-consumer portfolio include products offered to automotive dealers. Ford Credit makes wholesale loans to dealers to finance the purchase of vehicle inventory (floorplan financing), as well as loans to dealers to finance working capital and improvements to dealership facilities, finance the purchase of dealership real estate, and finance other dealer vehicle programs. Ford Credit also purchases receivables generated by the company and its subsidiaries, primarily related to the sale of parts and accessories to dealers, receivables from the company-related loans, and certain used vehicles from daily rental fleet companies. Ford Credit does business in the United States and Canada through business centers. Outside of the United States, Europe is Ford Credit’s largest operation. Ford Credit’s European operations are managed through its United Kingdom-based subsidiary, FCE Bank plc (FCE). Within Europe, FCE’s major markets are the United Kingdom and Germany. Engineering, Research, and Development The company’s engineering, research, and development expenses were $6.7 billion for 2015. History Ford Motor Company was founded in 1903. The company was incorporated in Delaware in 1919.
ford motor co (FMC1:Frankfurt)
One American Road
Dearborn, MI 48126
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