Company: Ford Motor Company, Dearborn, MI
Company Description: Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles across six continents. With about 176,000 employees and about 80 plants worldwide, the company’s automotive brands include Ford, Lincoln, Mercury and, until its sale, Volvo. The company provides financial services through Ford Motor Credit Company.
Nomination Category: Company / Organization Categories
Nomination Sub Category: Company of the Year - Automotive & Transport Equipment
Nomination Title: Ford Motor Company
Tell the story about what this nominated organization achieved since January 1 2011 (up to 500 words). Focus on specific accomplishments, and relate these accomplishments to past performance or industry norms. Be sure to mention obstacles overcome, innovations or discoveries made, and outcomes:
With the leadership of CEO Alan Mulally, a new corporate and operational culture, ONE FORD, and a host of innovative products and automotive technologies, including global platforms for all its vehicles, Ford is positioned again as a world leader in the automotive industry.
The turnaround in the past few years has been significant. Between 2006 and 2008, Ford lost US$30.1 billion ($28.3 billion) as the global economy and vehicles sales plummeted.
The 2011 result was the company’s biggest annual profit since 1998 – up US$463 million ($435 million) from 2010, and light years ahead of 2009’s US$38 million profit, making Ford the most profitable automaker in the world.
Highlights of 2011:
• 11 consecutive quarters of income growth, without government help, hybrids, trucks market share gains, brand image improvement.
• Two consecutive years of more than $8 billion in pre-tax operating profits and third consecutive year of improved annual profits
• Continued product momentum -- launched all-new global Focus and Ranger; launched 1.0-liter, 3-cylinder EcoBoost engine; and debuted all-new Escape
• Third consecutive year of higher market share in the US, Asia Pacific and Africa, and three consecutive quarters of year-over-year share gains in Europe
• Improved U.S. competitiveness with four-year agreement with UAW
• Announced 2011 profit sharing and resumption of quarterly dividends
• Automotive debt reduced by $6 billion; strengthened balance sheet
• Broke ground on four new assembly and powertrain plants in Asia Pacific Africa region, and launched FordSollers joint venture in Russia.
• Ford uses Aligned Business Framework principles to promote early collaboration with suppliers on innovative vehicle features
Ford remains focused on delivering the key aspects of the One Ford plan, which are unchanged:
• Aggressively restructuring to operate profitably at the current demand and changing model mix.
• Accelerating the development of new products that customers want and value.
• Financing the plan and improving the balance sheet .
• Working together effectively as one team, leveraging Ford’s global assets
Product momentum will continue in 2012:
• The global introduction of the new Fusion and Lincoln MKZ– the first vehicles from the company’s new global CD platform.
• In the C-segment, Ford continues to roll out the Focus and will launch the new Escape and Kuga.
• The B-segment portfolio also is expanding with the B-MAX in Europe and the EcoSport in global markets.
• Ranger will be launched in additional global markets throughout the year.
• Ford also is continuing the global expansion of its fuel-efficient EcoBoost™engines. This includes North America, where the company is tripling the production capacity of EcoBoostequipped Ford vehicles.
“We recognize we have challenges and opportunities ahead. We are excited about realizing the full potential of the global scale and operating margin benefits inherent in our One Ford plan. We also are excited about what leveraging our global assets ultimately will deliver for everyone associated with our business.” Said CEO Alan Mulally at a 2011 Earning Report.
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FOURTH QUARTER AND FULL YEAR 2011 HIGHLIGHTS
Ford Wins 2011 Automotive News Suppliers’ Choice Award
Ford is working more closely than ever with suppliers
2011 Results http://media.ford.com/images/10031/4Q2011_Financials.pdf
2011 results ppt
Provide a brief (up to 100 words) biography about the leader of this nominated organization:
Prior to joining Ford in September 2006, Mulally served as executive vice president of The Boeing Company, and president and chief executive officer of Boeing Commercial Airplanes. In that role, he was responsible for all of the company’s commercial airplane programs and related services.
Mulally holds bachelor’s and master’s of science degrees in aeronautical and astronautical engineering from the University of Kansas, and earned a master’s in management from the Massachusetts Institute of Technology as a 1982 Alfred P. Sloan fellow. A native of Kansas, Mulally is a private pilot and enjoys tennis, golf and reading.