The Ford Motor Company is an American MNC headquartered in Dearborn, Michigan. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobiles and commercial vehicles under the Ford brand and most luxury cars under the Lincoln brand. It sells cars, buses, tractors, goods carrying vehicle and racing models too. Ford’s former UK subsidiaries Jaguar and Land Rover, acquired in 1989 and 2000 respectively, were sold to Tata Motors in March 2008. Ford has manufacturing operations worldwide, including in the United States, Canada, Mexico, China, the United Kingdom, Germany, Turkey, Brazil, Argentina, Australia, South Africa and India.
Ford India began production in 1998 at Chennai, Tamil Nadu, with its Ford Escort model, which was later replaced by locally produced Ford Ikon in 2001. It has since added Fusion, Fiesta, Mondeo and Endeavour to its product line.
On March 9, 2010, Ford Motor Co. launched its first made-for-India compact car. Starting at 349,900 ($7,690), the Figo is Ford’s first car designed and priced for the mass Indian market.On July 28, 2011, Ford India signed a memorandum of understanding (MoU) with the State of Gujarat to invest approximately US$1 billion on a 460-acre site.
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