What company owns Ford?
Ford Motor Company, one of the largest automakers in the world, is owned by the Ford family. The Ford family has maintained control of the company since its founding in 1903 by Henry Ford.
Ford Family's Ownership of the Company
The Ford family owns a controlling stake in the Ford Motor Company through their ownership of the Class B common stock. The Ford family owns approximately 2% of the company's outstanding shares, but those shares carry 40% of the voting power. This dual-class stock structure allows the Ford family to maintain control of the company despite owning a relatively small percentage of the overall shares.
The current executive chairman of Ford Motor Company is William Clay Ford Jr., the great-grandson of Henry Ford. Several other members of the Ford family also hold positions on the company's board of directors.
History of Ford Motor Company
Ford Motor Company was founded in 1903 by Henry Ford in Dearborn, Michigan. The company quickly became a leader in the automotive industry, pioneering mass production techniques like the assembly line. The Ford Model T, introduced in 1908, became the first widely affordable automobile and helped make car ownership accessible to the middle class.
Over the decades, Ford has grown to become one of the largest automakers in the world, selling vehicles in over 200 markets across six continents. The company has weathered numerous economic downturns and industry challenges, but the Ford family has maintained control and ownership of the company throughout its history.
Conclusion
In summary, the Ford Motor Company is owned and controlled by the Ford family, the descendants of founder Henry Ford. The family's ownership of a special class of voting shares allows them to maintain a controlling interest in the company, even as their overall equity stake is relatively small. This unique ownership structure has enabled the Ford family to guide the company's direction for over a century.
