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In 2023, however, the stock value of Ford plummeted by 35%, due to enormous losses on mandated electric vehicles and also a crippling UAW strike that caused both short-term losses and much higher long-term costs.
'''Ford Motor Company''' or '''Ford''' is a major American [[automobile]] manufacturer based in [[Dearborn]], [[Michigan]]. The company was founded by the entrepreneur [[Henry Ford]] in 1903. It introduced many notable models including the [[Model T]], which sold 15 million cars between 1908-27 (about half of all the cars in the world at that time), and the [[Ford Mustang]] (the original pony car).
'''Ford Motor Company''' or '''Ford''' is a major American [[automobile]] manufacturer based in [[Dearborn]], [[Michigan]]. The company was founded by the entrepreneur [[Henry Ford]] in 1903. It introduced many notable models including the [[Model T]], which sold 15 million cars between 1908-27 (about half of all the cars in the world at that time), and the [[Ford Mustang]] (the original pony car).
In 2023, however, the stock value of Ford plummeted by 35%, due to enormous losses on mandated [[electric vehicles]] and also a crippling [[UAW]] strike that caused both short-term losses and much higher long-term costs.<ref>https://www.theglobeandmail.com/investing/markets/indices/TXBE/pressreleases/21581516/down-35-is-ford-stock-an-undervalued-gem-or-a-value-trap/</ref>
Ford is the second largest of the North American automobile manufacturers, and has a significant international presence as well. Ford makes 6.6 million vehicles a year under the Ford and Lincoln monikers. The company also has a small portion of ownership with Mazda; this can be seen with vehicles such as the CX-9, which has a Ford engine.
Ford is the second largest of the North American automobile manufacturers, and has a significant international presence as well. Ford makes 6.6 million vehicles a year under the Ford and Lincoln monikers. The company also has a small portion of ownership with Mazda; this can be seen with vehicles such as the CX-9, which has a Ford engine.