Ford Motor Co. & the Automotive Industry
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Introduction: The worldwide automotive industry, including that portion controlled by Ford Motor Company, is affected by a number of factors over which car manufacturers have including general economic conditions worldwide. In the United States, the automotive industry is a highly competitive and cyclical business in which there are a wide variety of product offerings. The number of cars and trucks sold, known as industry demand, can vary substantially from year to year. In addition to general economic conditions, factors influencing industry demand include the cost of purchasing and operating cars and trucks, the availability of credit, the cost of credit and the cost of fuel. According to Thomas Watson, the big three U.S. carmakers continue to compete head to head for market share and dominance in the all-important U.S. auto market (Watson, 2004). Ford's share of the market, the number of vehicles it sells, is affected by a number of factors including how Ford's products compare with those offered by other manufacturers based on Price, Quality, Styling, Reliability, Safety, and Functionality. Company background: Ford Motor Company began business in 1903. With an initial investment of $28,000, Henry Ford began to build what today is one of the world's largest corporations. Perhaps Ford Motor Company's single greatest contribution to automotive manufacturing was the moving assembly line. This technique greatly increased efficiency through specialization by allowing
. . .
TEMENT
In Millions of U.S. Dollars
(except for per share items)
12ßMonths Ending
12/31/03
12ßMonths Ending
12/31/02
Reclass.
12/31/03
12ßMonths Ending
12/31/01
Restated
12/31/02
12ßMonths Ending
12/31/00
Restated
12/31/02
12ßMonths Ending
12/31/99
Reclass.
12/31/01
Revenue
ß164,196.0ß
ß162,256.0ß
ß160,754.0ß
ß169,091.0ß
ß160,703.0ß
Other Revenue, Total
ß--ß
ß--ß
ß--ß
ß--ß
ß--ß
Total Revenue
ß164,196.0ß
ß162,256.0ß
ß160,754.0ß
ß169,091.0ß
ß160,703.0ß
Cost of Revenue
ß136,141.0ß
ß132,511.0ß
ß134,030.0ß
ß135,128.0ß
ß126,709.0ß
Gross Profit
ß28,055.0ß
ß29,745.0ß
ß26,724.0ß
ß33,963.0ß
ß33,994.0ß
Selling/General/Admin. Expenses, Total
ß10,152.0ß
ß9,758.0ß
ß9,805.0ß
ß9,838.0ß
ß8,874.0ß
Research & Development
ß--ß
ß--ß
ß--ß
ß--ß
ß--ß
Depreciation/Amortization
ß8,779.0ß
ß10,162.0ß
ß10,164.0ß
ß9,059.0ß
ß9,254.0ß
Interest Expense(Income) - Net Operating
ß--ß
ß--ß
ß--ß
ß--ß
ß--ß
Unusual Expense (Income)
ß--ß
ß--ß
ß3,828.0ß
ß--ß
. . .
Some common words found in the essay are:
Eric Mayne, Millions Dollars, Turnover TTM, Yr Avg, ß--ß ß--ß, Motor Company, ß--ß ß--ß ß--ß, Change Cash, Motor Company's, Thomas Watson, Margin TTM, Volvo Ford, yr avg, 5 yr avg, 5 yr, ford motor, cash flow, margin ttm, total ß--ß ß--ß, restated 12/31/02, 12/31/02 12ßmonths, net income, restated 12/31/02 12ßmonths, below industry, millions dollars share,
Approximate Word count = 1788
Approximate Pages = 7 (250 words per page)
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