Ford Motor Company (NYSE: F) is one of the biggest automotive companies in the world. In addition to its Ford-branded vehicles, it also markets luxury vehicles under the Lincoln brand and auto parts under the Motorcraft name. In 2018, it reported annual revenue of $160.3 billion and net income of $3.7 billion. For 2Q19, Ford reported $38.9 billion in revenue and $148 million in net income. The company has a market capitalization of $37.6 billion as of September 12, 2019.
Ford's wholly owned automotive subsidiaries operate in numerous countries around the world, including Canada, Brazil, Australia, and India. The company's European automotive operations include wholly owned subsidiaries headquartered in Germany, Italy, and the United Kingdom. In addition to these core automotive subsidiaries, Ford owns various other companies around the world. Below are some of the most important of those businesses.
1. Ford Motor Credit Company, LLC
Ford Motor Credit Company, LLC is a financial services company offering financing products to Ford consumers and Ford dealers. The company provides automobile loans and leases to retail, commercial, and government buyers of new and used Ford vehicles. It also offers business loans and lines of credit to its dealers for inventory and facility investments and other approved business uses.
Ford Motor Credit Company handled 58% of all retail installment and lease shares for new Ford vehicles sold in the United States in 2018, up from 55% in 2017. Ford Motor Credit Company is a wholly owned subsidiary of Ford Motor Company. It operates in Europe under its own subsidiary, FCE Bank plc, which is headquartered in the United Kingdom.
2. Changan Ford Automobile Corporation, Ltd.
Changan Ford Automobile Corporation, Ltd. is a 50-50 Chinese joint venture between Ford Motor Company and China's state-owned Chongqing Changan Automobile Company, Ltd., one of China's four biggest auto manufacturers. The company produces and distributes Ford-branded vehicles in China. According to Ford's 2018 annual report, Changan Ford operates an engine plant, a transmission plant, and five assembly plants.
3. AutoAlliance (Thailand) Co., Ltd.
Rayong, Thailand-based AutoAlliance (Thailand) Co., Ltd. is also a 50-50 joint venture between Ford and Mazda Motor Corporation. AutoAlliance operates an integrated automotive manufacturing facility for compact trucks and passenger cars. The company produces Ford- and Mazda-branded vehicles for Thailand and markets in other developing countries in Southeast Asia and beyond.
4. Getrag Ford Transmissions GmbH
Getrag Ford Transmissions GmbH is a joint venture held equally between Ford and the German-based company Magna PT International GmbH (formerly Getrag International GmbH). Getrag Ford Transmissions produces manual transmissions for Ford automobiles in Europe at its manufacturing plants in Germany, England, Slovakia, and France. Ford valued its investment in Getrag Ford Transmissions at $236 million in 2018.
5. Ford Motor Land Development Corporation
Ford Motor Land Development Corporation (known more commonly as "Ford Land") is a full-service real estate company originally established in 1970 to develop acreage surrounding Ford Motor Company's corporate headquarters in Michigan. It now owns and manages five million square feet of commercial office space in Dearborn, Allen Park, and Detroit, Michigan.
The company also provides planning and engineering services, facility management services, and dealership design services in support of Ford's international operations. Ford Land is a wholly owned subsidiary of Ford Motor Company. The company is in the process of a 10-year campus transformation to bring together over 30,000 employees from 70 buildings to two primary locations.