Which company is owned by Ford?
Ford Motor Company, one of the largest automakers in the world, owns the Swedish car brand Volvo Cars. Volvo Cars was acquired by Ford in 1999 and remained a subsidiary of the American automotive giant until 2010, when it was sold to the Chinese company Geely Automobile.
The History of Volvo Cars and Its Acquisition by Ford
Volvo Cars was founded in 1927 in Gothenburg, Sweden, and has long been known for its focus on safety and durability. In the late 1990s, Ford saw an opportunity to expand its global reach and acquire a premium automotive brand, leading to the purchase of Volvo Cars in 1999 for $6.45 billion.
Under Ford's ownership, Volvo Cars underwent a significant transformation, with the introduction of new models and a renewed emphasis on safety and environmental sustainability. However, the global financial crisis of the late 2000s put a strain on Ford's finances, and in 2010, the company decided to sell Volvo Cars to the Chinese automaker Geely Automobile for $1.8 billion.
Volvo Cars Today
Since its acquisition by Geely, Volvo Cars has continued to thrive and expand its global presence. The company has introduced a range of new models, including the popular XC90 and XC60 SUVs, and has made significant investments in electric vehicle technology, with plans to offer a fully electric lineup by 2030.
Despite no longer being owned by Ford, Volvo Cars continues to maintain a close relationship with its former parent company, with the two automakers collaborating on various projects and sharing some technology and components.
What brands are owned by Ford?
Ford currently owns the Ford and Lincoln brands, along with the Motorcraft auto parts brand. In the past, Ford also owned brands like Mercury, Jaguar, Land Rover, and Volvo, but has since sold them or discontinued them.
Currently owned brands
- Ford: The company's main brand, offering a wide range of vehicles worldwide.
- Lincoln: Ford's luxury vehicle division.
- Motorcraft: A brand that sells auto parts.
- Troller: A Brazilian off-road vehicle manufacturer that Ford acquired in 2007.
Formerly owned brands
- Mercury: A mid-priced brand that Ford discontinued in 2011.
- Jaguar: Sold to Tata Motors in 2008.
- Land Rover: Also sold to Tata Motors in 2008.
- Volvo: Sold to Zhejiang Geely Holding Group in 2010.
What company owns Ford now?
Ford is not owned by a single entity but is a publicly traded company owned by shareholders, with the Ford family having majority voting control through a dual-class stock system. The Ford family holds Class B shares, which represent about 2% of the stock but control 40% of the voting power, while public and institutional investors own the common shares.
- Shareholders: The company is owned by a large number of shareholders, including the public and major institutional investors like Vanguard Group and BlackRock.
- Ford family control: The Ford family retains control through Class B shares, which have super-voting rights, allowing them to elect 40% of the board of directors.
- Family leadership: Members of the Ford family hold executive positions, with William Clay Ford Jr. serving as the Executive Chairman.
Is Nissan owned by Ford?
No, Ford does not own Nissan. Nissan is a Japanese company that is part of the Renault-Nissan-Mitsubishi Alliance.
- Ownership: Ford Motor Co. owns the Ford and Lincoln brands, while Nissan is owned by the Renault-Nissan-Mitsubishi Alliance.
- Alliance Structure: The alliance includes Nissan, Mitsubishi Motors, and Renault, with each company holding stakes in the others.
Is Mazda still owned by Ford?
No, Ford no longer owns Mazda; the partnership ended when Ford sold its remaining shares in 2015. Mazda is now an independent company, though the two companies maintain some strategic alliances.
- Past ownership: Ford began a partnership with Mazda in 1974 and increased its stake to a high of 33.4%.
- Divestiture: After the 2008 financial crisis, Ford began selling off its shares, with the process completing in 2015.
- Current status: Mazda is now a fully independent company, and Ford's ownership is negligible.
- Continued relationship: Despite the end of the ownership, the two companies still have some strategic partnerships.
