two pages due by 24 hours

6

Accessing Ford Motors Company

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Abstract

Ford motors company is an automobile industry with a global impact on the transport system. The company is referred to as the heart of the automobile innovations industry due to the tremendous experience and vast knowledge of manufacturing and developing technological cars, which makes it outstanding against its competitors and gives it a chance to continue proving its mission statement that relies on safety, affordability, and reliability in its products. The company has current and past investments that have created a strong relationship with its financiers, thus the focus of this paper.

Keywords; automobile, affordability, reliability, company, financiers

Accessing Ford Motors Company

Introduction

Ford company focuses on improving people’s lives through transportation, a fundamental part of human life that has made them seek further investments to better their services. The company’s mission to offer affordable and reliable products has made them create a financial company known as ford credit company LLC that fully finances its needs and sponsors every project it engages in; this has enhanced the relationship between them and their financiers due to the many investments and innovative moves that the company has.

Ford Motors Company Overview

Ford motors company is referred to as the heart of the automobile innovations industry. Ford Motor Company is a global automobile brand that mainly designs, manufactures, and services its vehicles. The manufacturing company was founded by Henry Ford, one of the most innovative people, back in 1903 as described by Brinkley et al. (2003) on how the company converted raw materials to automobiles sold to the US country at the beginning.

The cars manufactured were at the first rank in the year 1913, and there was a lot of demand in the market that triggered the expansion of the company’s production. The founder invented new ways of sustaining its position by meeting market demands. The company currently forms the fifth-best automobiles selling in the world, selling manufactured automobiles, and carrying out financial business. It is known for automobiles’ quality production and the spare parts of vehicles (Brinkley et al., 2003).

The company has four operative segments; automotive, financial, Ford smart mobility, and Treasury, specifically known to handle specific products. Lemann et al. (2019) further describe how Ford’s research departments and development have foreseen the company has evolved from manual system cars to fully technologized systems currently being proposed by the king of innovations. Like any other growing company, Ford motors have made rush decisions to transform into the technological automobile industry, which resulted in a loss of billions but found back their business track. Ford’s SWOT analysis analyses its powers, limitations, opportunities, and threats it has combated during its operation period, which has brought many changes and learning lessons in its technological life (Lemann, 2019).

Additionally, the company has a vast organizational structure that indicates its work system and how the different positions impact the company’s life. Every upper management position has a role and skill to offer the company to improve its competitive nature. The company also has its financial strength and downtime that influences its focus to invest more and the financial limitations limiting the company from achieving its broad goals.

However, ford motors credit company LLC handles the financial limitations that fully finance its needs and sponsors every project that the company engages in. Ford motors credit company provides financial services and commercial financing for its dealers and rate programs, which has created an economic relationship that enhances competitiveness. Ford Motors’ proposal to develop self-driven cars raised many emotions and assumptions that consistently influence its brand name. The company’s experience and vast knowledge of manufacturing and producing technological cars make it outstanding against its competitors and gives it a chance to continue proving its mission statement that relies on safety, affordability, and reliability in its products.

Conclusion

Ford motor’s belief to change the world through mobility enhances every part of human life to engage in specialized experiences that require innovative skills and visions. Technology has become the norm of today’s world, that every organization should acquire technological skills to fit in the competitive world effectively.

References

Brinkley, D., & Brinkley, D. (2003). Wheels for the world: Henry Ford, his company, and a century of progress, 1903-2003 (p. xxii). New York: Viking.

Lemann, A. B. (2019). Autonomous vehicles, technological progress, and the scope problem in product liability. Journal of tort law, 12(2), 157-212.