Question

Describe Ford Motors Company including the products or services, annual sales, and market share. Who are the competitors and give a brief overview of each businesses in the market.

Answer 1

Ford Motor Company

Founded in 1919, is a global mobility and automotive company. The Company operates in four sections Financial, Automotive, Central Treasury Operations, and Ford Smart Mobility LLC. As a piece of its vital development plans, Ford Motors has obtained a huge share stake in Artificial Intelligence start-up 'Argo AI'. Presently, it wants to trim its workforce by 10% in Asia and the US just as spare US$3 billion through cost decrease measures. This will reinforce its situation as a solid contender for being an innovator in vehicle producing again and recapture is past magnificence number one car monster everywhere throughout the world.

Annual sales: $158.721 billion as of March 2019

Products and Services

The Company's Automotive portion principally incorporates the closeout of Ford and Lincoln brand vehicles, administration parts, and embellishments over the world, together with the related expenses to create, make, disperse, and administration of the vehicles, parts, and extras. The Company's automotive section incorporates different provincial specialty units, for example, South America, North America, Middle East, and Africa, Europe, and the Asia Pacific. The Central Treasury Operations portion is basically occupied with basic leadership for speculations, chance administration exercises, and giving financing to the automotive section. Smart Mobility LLC is a backup framed to configuration, manufacture, develop, and put resources into rising versatility administrations.

The Company's Financial Services fragment essentially incorporates its vehicle-related financing and renting exercises at Ford Motor Credit Company LLC (also known as Ford Credit). The Company's backup, Ford Credit, offers a scope of car financing items to and through car sellers all through the world. Passage Credit's business comprises of financing its vehicles and supporting its vendors. It has an arrangement of account receivables and working leases, which it characterizes into two portfolios: customer and non-purchaser. Fund receivables and working leases in the purchaser portfolio incorporate items offered to people and organizations that account the procurement of its vehicles from vendors for individual and business use. Retail financing incorporates retail portion deal contracts for new and utilized vehicles and direct financing leases for new vehicles to retail and business clients, including renting organizations, government elements, day by day rental organizations, and armada clients. Fund receivables in the non-purchaser portfolio incorporate items offered to car sellers.

Ford Credit makes discount advances to sellers to back the buy of vehicle stock, for example, loans, just as advances to vendors to fund working capital and enhancements to business offices, account the buy of vendor land, and money other vendor vehicle programs. Passage Credit additionally buys receivables produced by the Company and its backups, principally identified with the closeout of parts and assistants to sellers, Ford-related advances, and certain trade-in vehicles from day by day rental armada organizations. Ford Credit works together in the United States and Canada through business focuses. The Company routinely supports extraordinary retail and rent motivating forces to vendors' client's financing or rent its vehicles from Ford Credit.

Market Share:

• United States: 14.1%
• Brazil: 9.2%
• North America: 4.8%
• United Kingdom: 13.7%
• Europe: 7.2%
• Russia: 2.9%
• Turkey: 10.9%
• Middle East & Africa: 3.0%
• China: 2.9%
• ASEAN: 6.6%

Ford Competitors

• General Motors Company
• Toyota Motors
• Tata Motors
• Daimler
• Hyundai Motors
• Honda Motor Company
• Tesla Motors
• Volkswagen
• Renault Group
• Fiat Chrysler Automobiles
• Nissan
• Groupe PSA