Ford family (Michigan) in the context of "Henry Ford"

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⭐ Core Definition: Ford family (Michigan)

The Ford Family is an American family from the U.S. state of Michigan. They are best known for their control of the Ford Motor Company automobile manufacturer which was originally founded by Henry Ford in the early twentiethcentury. Henry's grandson William Clay Ford Sr. and his family have controlled the Detroit Lions franchise of the National Football League since late 1963. The Ford family are also members of the Episcopal Church.

Although the Ford family's ownership stake in the automaker had declined to less than 50% of the company's equity as of 2010, the family retained operational control through a special class of stock that was established early in the company's history and retained when the company made its initial public offering in 1956. The family owns all of the company's Class B shares, which are collectively entitled to elect 40% of the company's board of directors, with the remaining 60% elected by the holders of the company's publicly traded common stock.

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Ford family (Michigan) in the context of Ford Motor Company

The Ford Motor Company (commonly known as Ford, sometimes abbreviated as FoMoCo) is an American multinational automobile manufacturer headquartered in Dearborn, Michigan, United States. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobiles and commercial vehicles under the Ford brand, and luxury cars under its Lincoln brand. The company is listed on the New York Stock Exchange under the single-letter ticker symbol F and is controlled by the Ford family. They have minority ownership but a plurality of the voting power.

Ford introduced methods for large-scale manufacturing of cars and large-scale management of an industrial workforce using elaborately engineered manufacturing sequences typified by moving assembly lines. By 1914, these methods were known around the world as Fordism. Ford's former British subsidiaries Jaguar and Land Rover, acquired in 1989 and 2000, respectively, were sold to the Indian automaker Tata Motors in March 2008. Ford owned the Swedish automaker Volvo from 1999 to 2010. In the third quarter of 2010, Ford discontinued the Mercury brand, under which it had marketed upscale cars in the United States, Canada, Mexico, and the Middle East since 1938.

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Ford family (Michigan) in the context of Ford Field

Ford Field is a domed American football stadium located in Detroit, Michigan, U.S. It primarily serves as the home of the Detroit Lions of the National Football League (NFL), the Mid-American Conference championship game, and the annual GameAbove Sports Bowl college football bowl game, state championship football games for the MHSAA, the MHSAA State Wrestling Championships, and the MCBA Marching Band State Finals, among other events. It was also the home of the Michigan Panthers of the United Football League (UFL) from 2023 to 2025. The regular seating capacity is approximately 65,000, though it is expandable up to 70,000 for football and 80,000 for basketball.

The naming rights were purchased by the Ford Motor Company for $40 million over 20 years; the Ford family holds a controlling interest in the company, and they have controlled ownership of the Lions franchise since 1964.

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