Ford is a global auto manufacturing behemoth, currently the third largest in the world based on units sold, behind Toyota and Volkswagen.
Although its passenger car division is well known for iconic models like the Ford Mustang, the company’s North American revenue is driven by the F-series pickup trucks, currently the best-selling vehicle in America. In 2016, it sold over 820,000 F-Series trucks, outpacing its second-place rival, the Chevy Silverado.
Ford is much more than a North American car company, however. With a market cap over $45 billion, the company has more than 60 subsidiaries organized into four different operating segments, which are as follows:
- Financial Services
- Ford Smart Mobility LLC
- Central Treasury Operations
Each of these segments is further broken into a series of marques, corporations, and partnerships doing business in North and South America, Asia, Africa, Europe, and the Middle East.
Here’s a look at the marques and most significant subsidiaries and partnerships that fall under the Ford Motor Company umbrella. (Note that all data was taken from the company’s 2016 Annual Report to Shareholders.)
Ford Automotive Segment
The automotive division manufactures and sells vehicles, parts, and accessories under the Ford and Lincoln marques and the Motorcraft brand.
Ford has had 12 different marques or brands under its ownership since its founding in 1903. These include now defunct brands such as Edsel, Merkur, and Mercury, as well as active brands such as Mazda, LandRover, Jaguar, and Volvo, that the company sold off over the years.
As of 2017, Ford sells vehicles under only two marques, Ford and Lincoln. In 2016, the company sold 6.65 million vehicles worldwide, the majority of which are Ford models.
Across the U.S., there are 10,608 Ford dealerships compared to just 214 Lincoln-only dealerships; about 900 dealerships sell both Ford and Lincoln vehicles.
Ford’s automotive segment is its most lucrative, generating $9.4 billion of profit on $151.8 billion in revenue for 2016.
Ford Financial Services Segment
This division handles the financing and leasing of Ford and Lincoln vehicles to dealers, government and corporate entities, and retail consumers. It operates primarily under the Ford Motor Credit Company brand in the U.S., and FCE Bank in Europe. The financial services segment generated $1.8 billion in net income in 2016.
Ford Smart Mobility Segment
This division researches and develops new vehicle technology, including connectivity, electric and autonomous vehicles, fuel efficiency customer experience, and data analytics.
Ford combines this segment with its Central Treasury Operations division for the purposes of financial reporting. In 2016, these two segments lost $867 million.
Other Companies Owned or Controlled by Ford
Ford also has several wholly owned subsidiaries and maintains controlling interest in several consolidated joint ventures that support its global automotive division. Here are the largest and most significant of these businesses.
Ford Lio Ho Motor Company (FLH)
Ford owns a 70% stake in this Taiwan-based company. FLH operates one plant that assembles vehicles for both Ford and Mazda, and imports built vehicles under the Ford marque from Europe, Asia, and the U.S.
Ford Sollers Netherlands B.V.
This is a 50-50 joint venture between Ford and Sollers. The company manufactures cars and light trucks in Russia, where it has exclusive Ford distribution rights.
AutoAlliance Co. Ltd.
This is a 50-50 joint venture with Mazda, based in Thailand. The single manufacturing plant in Rayong produces both Ford and Mazda vehicles for both export and domestic sale. In 2016, Ford’s investment in AutoAlliance was valued at just under $500,000.
Changan Ford Automobile Company
Ford has a joint venture with Changan, one of the largest car manufacturers in China, and has used it as its entry point into the Chinese market. The company manufactures both Ford and Mazda vehicles at its five assembly plants. Ford’s investment is valued at $1.3 billion. An offshoot, the Changan Ford Mazda Engine Company, produces engines for Ford and Mazda passenger vehicles in China.
Ford Otomotiv Sanayi Anonim Sirketi
This is a joint venture with Koc Group of Turkey. The company is the sole distributor of Ford vehicles in Turkey, and it also operates three assembly plants that produce the cargo trucks for export and domestic sales.
Getrag Ford Transmissions
This partnership with Germany-based Getrag International operates plants in England, Germany, France, and Slovakia where Ford produces manual transmissions for the Ford Europe division. The company values its investment in Getrag at about $200 million.
Ford owns 32% of this publicly traded Chinese company. Its minority stake is second only to the 41% interest owned by Jiangling Holdings. The company assembles several Ford vehicles and transmissions at plants in Nanchang and Taiyuan.