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Global 500

Florian Gaertner—Photothek via Getty Images

22

Ford Motor

F

U.S.

Ford Motor, the pioneer of the American car industry, took a bold step this year: It will phase out most of its sedans and hatchbacks by 2020. Instead it will focus on more profitable vehicles like trucks, SUVs, and crossovers. It’s a splashy move for CEO Jim Hackett—who has been on the job for just over a year—but drastic, profit-maximizing decisions are how he made his reputation as CEO of office furniture-maker Steelcase. Like other major carmakers, Ford is waiting for a series of bets on alternative fuels, autonomous driving, and ridesharing to pay off. Until then, it has America’s best-selling vehicle, the F-150 truck, to rely on for revenue.

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CEO

James P. Hackett

Sector

Motor Vehicles & Parts

Industry

Motor Vehicles & Parts

HQ Location

Dearborn, Mich.

Years on Global 500 List

24

Employees

202,000

Key Financials (Last Fiscal Year)
($ Millions)% change
Revenues ($M)$156,7763.3%
Profits ($M)$7,602.065.4%
Assets ($M)$257,808
Total Stockholder Equity ($M)$34,890
Profit Ratios
Profit as % of Revenues4.8%
Profits as % of Assets2.9%
Profits as % of Stockholder Equity21.8%
STOCK QUOTE
()0.00 0.00 (0)
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  • 52 Week Change %: 0.00
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News about Ford Motor

Volkswagen Says It Can Build 15 Million Electric Cars in the Next Few Years

Company continues its drive away from internal combustion engines.

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China Knows Where Electric Car Drivers Are at All Times, Report Says

Manufacturers, by law, pass along position and other data for each car.

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Tesla Says It’s the Future of Cars. Did GM’s Restructuring Just Prove It Right?

GM's CEO said the company needs more coders and fewer mechanical engineers.

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U.S. Car Makers Ditch Sedans as Consumers Favor SUVs, Crossovers, and Light Trucks

Auto makers slash sedan models due to falling sales and the need to trim budgets.

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