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Founded in 1903, Ford is one of the oldest automobile manufacturers in the United States. Part of the "Big Three", Ford is the second-largest automaker in the US behind General Motors. Most famous for their introduction of advanced vehicle manufacturing, like the moving assembly line, Ford is credited with creating the first automobile that middle-class Americans could afford; this brought cars to the mainstream and helped shape the way we travel today.
Ford's first automobile was the Model A, a two-seater-runabout. The Model A originally sold for $800, the equivalent of over $22,000 in current value. Today, Ford makes various cars, trucks, SUVs, performance cars, and electric vehicles. Some of its more well-known models include the Mustang, Maverick, Ranger, F-150, Bronco, and F-150 Lightning. While Ford has been the highest-selling manufacturer many times in its nearly 120 years as a company, its highest selling year in the 21st century was in 2005, when it sold 2,923,292 vehicles.
Ford has recently announced its plans to restructure its business to cater to the EV market, with the intention of producing more than 2 million electric vehicles annually by 2026. The sales of their all-electric vehicle, the Mustang Mach E crossover, reached 64,000 in 2021. Ford also said they intend to separate their electric and internal combustion engine vehicles into two separate business units, increasing the production capacity of their EV manufacturing and positioning themselves to compete with companies like Tesla.
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