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The firm also issues commercial paper and other debt instruments on Ford's behalf. Ford Credit also owns Lincoln Automotive Financial Services, the arm that finances Lincoln vehicles. Ford earned $2.63 billion EBIT with its Ford Credit segment in 2018, up from $2.31 billion in 2017. 2018 was the segment's highest full-year EBT in eight years.
Established in 1949 [ 99 ] by Henry Ford II, [citation needed] the organization is a nonprofit corporate foundation [ 100 ] financed by contributions from Ford Motor Company. In 2017, it contributed $63 million [ 101 ] to various causes [ 98 ] with a focus on education, driving safely and community building.
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The Henry Ford II World Center, also commonly known as the Ford World Headquarters and popularly known as the Glass House, [1][2] is the administrative headquarters for Ford Motor Company, a 12-story, glass-faced office building [3] designed to accommodate a staff of approximately 3,000. The building is located at 1 American Road at Michigan ...
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Ford announced in 2014 plans to reduce its vehicle platforms from sixteen to nine. [1] In 2014, Ford vehicles were built on fifteen distinct platforms. This only applies to Ford and Lincoln and not to any brands that were previously held by the company (such as Mazda and Volvo), and is expected to cut costs by 20%.
Henry Ford (July 30, 1863 – April 7, 1947) was an American industrialist and business magnate.As the founder of the Ford Motor Company, he is credited as a pioneer in making automobiles affordable for middle-class Americans through the system that came to be known as Fordism.
Ford Motor Company announced in 1926 that it would move to a five-day, 40-hour work week. This came after the company announced it would pay male factory workers $5 pe r eight-hour workday in 1914 .