96-773: The Tualatin Hills Nature Park is a 222-acre nature park and wildlife preserve in Beaverton , Oregon , owned by the Tualatin Hills Park & Recreation District (THPRD). It is one of THPRD's two nature parks along with Cooper Mountain Nature Park . The park features 5 miles (8 km) of trails, of which 1.5 miles are paved and 3.5 miles unpaved. The park features a diverse environment including several types of both evergreen and deciduous trees as well as creeks, wetlands, ponds, and meadows. Located on 15655 S.W. Millikan Way, at
192-523: A grist mill with his brother near present-day Walker Road. His was the first land claim in the area. He was soon followed by Thomas Denney in 1848, who came to the area and built its first sawmill. In 1860, a toll plank road from Portland to Beaverton was completed over a trail called Canyon Road . After the American Civil War , numerous other settlers, including Joshua Welch, George Betts, Charles Angel, W. P. Watson, and John Henry, laid out what
288-596: A "vote of confidence" because of the pro-business climate being fostered in part by President-elect Donald Trump , Ford had canceled plans to invest $ 1.6 billion in a new plant in Mexico to manufacture the Ford Focus ; instead, the company would invest $ 700 million in Michigan , which it planned to use to create 700 new jobs. The Focus would now be manufactured in the existing plant in Mexico. Also in 2017, Ford began development of
384-503: A $ 2.7 billion profit in fiscal year 2009, the company's first full-year profit in four years. In 2012, Ford's corporate bonds were upgraded from junk to investment grade again, citing sustainable, lasting improvements. On October 29, 2012, Ford announced the sale of its climate control components business, its last remaining automotive components operation, to Detroit Thermal Systems LLC for an undisclosed price. On November 1, 2012, Ford announced that CEO Alan Mulally would stay with
480-663: A 32% stake in China's Jiangling Motors . The Henry Ford Company was Henry Ford's first attempt at a car manufacturing company and was established on November 3, 1901. This became the Cadillac Motor Company on August 22, 1902, after Ford left with the rights to his name. In 1903, the Ford Motor Company was launched in a converted factory, with $ 28,000, equivalent to $ 950,000 in 2023, in cash from twelve investors, most notably John and Horace Dodge , who later founded
576-404: A NAC. As of the census of 2020, there were 97,494 people. The racial makeup of the city was 59% Non-Hispanic White , 2.9% African American , 1.0% Native American , 12.2% Asian , 0.5% Pacific Islander , 8.7% from other races , and 12.5% from two or more races. Hispanic or Latino residents of any race were 18.1% of the population. As of 2020 the median income for a household in the city
672-402: A decade the company led the world in the expansion and refinement of the assembly line concept, and Ford soon brought much of the part production in-house, via vertical integration . Henry Ford was 39 years old when he founded the Ford Motor Company, which became one of the world's largest and most profitable companies. It has been in continuous family control for over 100 years, and is one of
768-893: A driver that killed two men while using BlueCruise. In November 2024, Ford announced that it would cut 800 jobs in the UK and 2,900 in Germany to try and reduce costs. The key trends for the Ford Motor Company are (as of the financial year ending December 31): Members of the Ford board as of March 2023 are: William Clay Ford Jr. (executive chairman), Jim Farley (president and CEO), Kimberly Casiano , Alexandra Ford English (daughter of William Clay Ford Jr.), Henry Ford III (son of Edsel Ford II ), William W. Helman IV, Jon Huntsman Jr. , William E. Kennard , John C. May, Beth E. Mooney , John L. Thornton , John Veihmeyer , Lynn Vojvodich Radakovich, and John S. Weinberg. Jim Farley succeeded Jim Hackett as
864-601: A legal and lobbying effort to resist the annexation. The lobbying effort succeeded quickly, with the Oregon Legislative Assembly enacting Senate Bill 887, which prohibited Beaverton from annexing Nike without the company's consent. The bill also applied to property owned by Electro Scientific Industries , Columbia Sportswear , and Tektronix , and in August 2008 the Oregon Land Use Board of Appeals ruled that
960-474: A new mixed-use urban campus in the Corktown neighborhood of Detroit , with its purchase, renovation, and occupation of The Factory at Michigan and Rosa Parks. The new site was expected to have a major focus on the development of autonomous vehicle and electric vehicle technology. Ford later began buying up other parcels of land in Corktown including a very high-profile purchase of Michigan Central Station which
1056-443: A plan to return the company to profitability. Fields previewed the plan, named The Way Forward , at the board meeting of the company on December 7, 2005, and it was unveiled to the public on January 23, 2006. "The Way Forward" included resizing the company to match market realities, dropping some unprofitable and inefficient models, consolidating production lines, closing 14 factories and cutting 30,000 jobs. Ford moved to introduce
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#17328736484911152-418: 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 UK subsidiaries Jaguar and Land Rover , acquired in 1989 and 2000, respectively, were sold to
1248-509: A population of 400, was officially incorporated. Alonzo Cady, a local businessman, served as the first mayor. Many major roads in Beaverton are named for these early settlers. Beaverton was an early home to automobile dealerships. A Ford Motor Company dealership was established there in 1915; it was purchased by Guy Carr in 1923 and over the years Carr expanded it into several locations throughout Beaverton. There are still several dealerships near
1344-498: A range of new vehicles, including " Crossover SUVs " built on unibody car platforms, rather than more body-on-frame chassis. In developing the hybrid electric powertrain technologies for the Ford Escape Hybrid SUV, the company licensed similar Toyota hybrid technologies in order to avoid patent infringements. Ford announced that it would team up with electricity supply company Southern California Edison (SCE) to examine
1440-440: A result of high U.S. health care costs for an aging workforce , soaring gasoline prices, eroding market share, and an overdependence on declining SUV sales. Profit margins decreased on large vehicles due to increased "incentives" (in the form of rebates or low-interest financing) to offset declining demand. In the latter half of 2005, Chairman Bill Ford asked newly appointed Ford Americas Division President Mark Fields to develop
1536-487: A self-driving car startup. In May 2017, Ford announced cuts to its global workforce amid efforts to address the company's declining share price and to improve profits. The company is targeting $ 3 billion in cost reduction and a nearly 10% reduction in the salaried workforce in Asia and North America to enhance earnings in 2018. Jim Hackett was announced to replace Mark Fields as CEO of Ford Motor. Mr. Hackett most recently oversaw
1632-801: A speakeasy bar, and an event venue. Adjacent to The Round, the 550 seat Patricia Reser Center for the Arts opened in 2022, and was made possible by pledges from the Beaverton Arts Foundation and Pat Reser along with public sources. The groundbreaking was performed on November 13, 2019. In addition to the Reser Center, a new 125-room hotel opened next to The Round in February 2021. The performing arts center, apartments, city hall, hotel, MAX light rail station, plazas, food carts, and nearby businesses are collectively known as Downtown Beaverton. Beaverton covers
1728-456: A standard deep-dish steering wheel, optional front, and, for the first time in a car, rear seatbelts, and an optional padded dash. Ford introduced child-proof door locks into its products in 1957, and, in the same year, offered the first retractable hardtop on a mass-produced six-seater car. In late 1955, Ford established the Continental division as a separate luxury car division. This division
1824-491: A ten-year building project. The result would see the number of Ford employees working in these areas doubling, to 24,000. During construction, some 2000 of the employees were relocated out of the campus to a temporary location in a disused section of the local shopping mall. Facilities would also be altered to allow ride-sharing and electric and self-driving vehicles. Estimates of the construction cost were $ 1.2 billion. On January 3, 2017, Ford CEO Mark Fields announced that in
1920-790: A total area of 19.7 square miles (51 km ), all of it land except for small creeks, ponds, and lakes. The city is located along the eastern edge of the Tualatin Valley just west of the Tualatin Mountains . It is bordered by Portland to the east, Hillsboro to the west, and Tigard to the south. Much of the remaining area surrounding Beaverton in the north and southwest constitutes unincorporated Washington County land. The elevation within city limits ranges from as high as 698.2 feet (212.8 m) above sea level to as low as 131.7 feet (40.1 m) above sea level. The city averages at 189 feet (58 m) above sea level. The city of Beaverton
2016-413: Is 129 km/h (80 mph). BlueCruise uses sensors and cameras to regulate the car's speed and to keep track of speed limits and road signs. It also monitors and keeps a safe distance from other vehicles. It also comes equipped with an eye-tracking system. If the driver stops looking at the road then the car will gradually reduce its speed. This technology will initially be offered in Ford's 2023 model of
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#17328736484912112-554: Is Lacey Beaty, who was first elected in 2020. The Beaverton City Council consists of six councilors. The Mayor and City Councilors are all elected at large to serve four-year terms in a council-manager form of government where the Beaverton City Council and Mayor hire a city manager who is the administrative head of the city. The Howard M. Terpenning Recreation Complex , opened in 1978, features swimming, athletics, tennis, baseball, softball and basketball facilities. In 2014,
2208-586: Is a driver safety program aimed at teens that were developed together with the Governors Highway Safety Association and safety experts. The Ford Volunteer Corps allows Ford employees and retirees to sign up for volunteering work on local projects in more than 40 countries. The organization invests $ 18 million annually in education in the United States and around the world, but accepts applications only from nonprofit organizations registered in
2304-584: 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 and is controlled by the Ford family . They have minority ownership but
2400-548: Is an economic center for Washington County along with neighboring Hillsboro . According to Oregon Geographic Names , Beaverton's name is derived from the settlement's proximity to a large body of water resulting from beaver dams. The area of Tualatin Valley that became Beaverton was originally the home of a Native American tribe known as the Atfalati , which settlers mispronounced as Tualatin . The Atfalati population dwindled in
2496-422: Is divided into 13 neighborhoods: Central Beaverton, Denney Whitford, Raleigh West, Five Oaks, Triple Creek, Greenway, Highland, Neighbors Southwest, Sexton Mountain, South Beaverton, Vose, West Beaverton, and West Slope . Each neighborhood runs a Neighborhood Association Committee (NAC) to discuss neighborhood affairs, with the exception of Five Oaks and Triple Creek, and Denney Whitford and Raleigh West each sharing
2592-611: Is not an option". Ford and the United Auto Workers , representing approximately 46,000 hourly workers in North America, agreed to a historic contract settlement in November 2007 giving the company a substantial break in terms of its ongoing retiree health care costs and other economic issues. The agreement included the establishment of a company-funded, independently run Voluntary Employee Beneficiary Association (VEBA) trust to shift
2688-452: Is now known as Beaverton hoping they could bring a railroad to an area once described as, "mostly swamps & marshes connected by beaver dams to create what looked like a huge lake." In 1872, Beaverton's first post office opened in a general store operated by Betts, who also served as the first postmaster of the community. Betts Street, where the current post office now stands, is named in honor of him. In 1893, Beaverton, which by that time had
2784-507: Is planned to become the hub of their Corktown campus, and the adjacent Roosevelt Warehouse . Ford expects to move 2,500 of its employees, roughly 5 percent of its southeast Michigan workforce, to the campus with space for an additional 2,500 entrepreneurs, technology companies and partners. Bill Ford envisioned the first-floor concourse of the train station to be a public gathering place with retail outlets and restaurants. In February 2017, Ford Motor Co. acquired majority ownership of Argo AI ,
2880-709: Is provided through Tualatin Valley Fire and Rescue . EMS services are provided by Metro West Ambulance . Beaverton is served by transit bus , commuter rail , and light rail services operated by the Portland metropolitan area's regional transit agency, TriMet. MAX Light Rail serves the city with seven light rail stations; from west to east, they are: Elmonica/Southwest 170th Avenue , Merlo Road/Southwest 158th Avenue , Beaverton Creek , Millikan Way , Beaverton Central , Beaverton Transit Center , and Sunset Transit Center . The MAX Blue Line serves all seven stations while
2976-597: Is the primary access point, the park can also be accessed at several other locations, including two trail entrances along S.W. 170th Avenue and a trail entrance adjacent to the Merlo Rd/SW 158th Ave MAX Station . THPRD's Westside Trail skirts the east side of the park and THPRD plans to connect the park with downtown Beaverton via the Beaverton Creek Trail. Washington County has also identified potential road improvements along SW 170th Avenue, which would improve access to
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3072-477: Is to be rebranded as Ford Pro, to focus on vehicle distribution and service. In August 2022, Ford announced it planned layoffs of roughly 3,000 employees and contract workers, confirming earlier reporting. The cuts would mostly affect divisions in the US, Canada, and India, which Jim Farley said would allow the company to prepare for the future of electric, software-heavy vehicles. In February 2023, Ford announced that it
3168-665: The "Blue Bus" lines . All four companies were replaced in 1970 by TriMet, which expanded bus service to cover more areas of Beaverton. The city is the location of a major freeway interchange for U.S. Route 26 (US 26; Sunset Highway) and Oregon Route 217 (OR 217). The Sunset Highway connects Beaverton to Hillsboro and the Oregon Coast to the west and Portland to the east. OR 217 travels from Beaverton south through Tigard and terminates at an interchange with Interstate 5 (I-5). Beaverton's sister cities are: Ford Motor Company Ford Motor Company (commonly known as Ford )
3264-673: The Dodge Brothers Motor Vehicle Company . The first president was not Ford, but local banker John S. Gray , who was chosen in order to assuage investors' fears that Ford would leave the new company the way he had left its predecessor. During its early years, the company produced just a few cars a day at its factory on Mack Avenue and later at its factory on Piquette Avenue in Detroit , Michigan . Groups of two or three men worked on each car, assembling it from parts made mostly by supplier companies contracting for Ford. Within
3360-525: The Ford Foundation ), based in Dearborn, Michigan, is the philanthropic arm of the Ford Motor Company. Established in 1949 by Henry Ford II , the organization is a nonprofit corporate foundation financed by contributions from Ford Motor Company. In 2017, it contributed $ 63 million to various causes with a focus on education, driving safely and community building. The Ford Driving Skills for Life program
3456-718: The Ford Transit and later the Ford Escort and the Ford Capri became common to both companies. In 1970, the Ford Taunus and the Ford Cortina came into production with a common base construction, both models being produced in left hand drive and right hand drive . Later on, the models became identical and the respective models right- and left-hand-drive exclusively. Rationalisation of model ranges meant that production of many models in
3552-788: The International School of Beaverton , Arts and Communication Magnet Academy , and Beaverton Academy of Science and Engineering . Merlo Station High School is another alternative learning school within the district. Portions of Beaverton are in the Hillsboro School District and the Portland Public Schools school district. Private schools in the area include German American School , Holy Trinity School, Jesuit High School , Saint Cecilia Grade School, Southwest Christian School , Valley Catholic School , Willamette Valley Academy, and WoodHaven School. Fire protection
3648-577: The MAX Red Line serves only Beaverton Transit Center and Sunset Transit Center. Beaverton Transit Center, TriMet's busiest transit center, in addition to MAX, serves as a transit hub for bus routes mostly operating on the west side and as the northern terminus of WES Commuter Rail . Hall/Nimbus , the second station southbound on WES, is also located in Beaverton. Intercity bus services with stops in Beaverton include POINT and TCTD . Oregon Electric and Red Electric interurban lines once served
3744-473: The Silicon Forest , Beaverton is the location of numerous technology organizations and companies, including Linux Technology Center of IBM, Tektronix , ADI formerly known as Maxim Integrated Products , VeriWave , Khronos Group and Oregon Technology Business Center (OTBC), a non-profit tech startup incubator. Phoenix Technologies operates its Northwestern Regional Office in Beaverton. According to
3840-560: The Transit van continued at the company's Southampton facility until mid-2013, engines at Bridgend and Dagenham , and transmissions at Halewood . Development of European Ford is broadly split between Dunton in Essex (powertrain, Fiesta/Ka, and commercial vehicles) and Cologne (body, chassis, electrical, Focus, Mondeo) in Germany. Ford also produced the Thames range of commercial vehicles, although
3936-812: The industrialization of that country and consequently the Soviet war effort during World War II . To that end, in 1944, Stalin wrote a letter to the U.S. Chamber of Commerce stating that Henry Ford was "one of the world's greatest industrialists". During World War II, the United States Department of War picked Ford to mass-produce the Consolidated B-24 Liberator bomber at its Willow Run assembly plant. Ford Werke and Ford SAF , Ford's subsidiaries in Germany and France, respectively, produced military vehicles and other equipment for Nazi Germany 's war effort . Some of Ford's operations in Germany at
Tualatin Hills Nature Park - Misplaced Pages Continue
4032-644: The 1970s, manufactures the Transit Connect compact panel van as well as the "Jumbo" and long-wheelbase versions of the full-size Transit. This new production facility was set up near Kocaeli in 2002, and its opening marked the end of Transit assembly in Genk. Another joint venture plant near Setúbal in Portugal, set up in collaboration with Volkswagen , formerly assembled the Galaxy people-carrier as well as its sister ships,
4128-556: The Beaverton–Aloha Little League Intermediate baseball team won the state tournament and traveled to Nogales, Arizona to play in the regional tournament, where they accumulated a 2–2 record. In 2006, the Murrayhill Little League baseball team qualified for the 2006 Little League World Series , the first Oregon team in 48 years to go that far. Murrayhill advanced to the semi-finals before losing;
4224-507: The City of Beaverton since 1968. The Beaverton City Council annexed that property in May 2005, and Leupold & Stevens challenged that annexation. The company eventually won the legal fight in 2009 with the city, thus the company was de-annexed from the city. R.M. Wade & Co. , manufacturer of agricultural and irrigation equipment, is the oldest family-owned company in the state of Oregon. As part of
4320-401: The City's 2021 Comprehensive Annual Financial Report, the largest employers in the city are: Cedar Hills Crossing is a shopping mall within the city of Beaverton. Facilities include a variety of restaurants, big-box retailers, a bowling alley, and more. Progress Ridge Town Square is a lifestyle center also in Beaverton which includes shops and restaurants. The current mayor of Beaverton
4416-528: The Detroit United Auto Workers union announced that after discussion with the leaders of General Motors , Ford, and Fiat Chrysler Automobiles , the carmakers would partially shut down factories on a "rotating" basis to mitigate the COVID-19 pandemic . On March 24, representatives of Ford announced that production in the US, Canada, and Mexico would not resume on March 30 as originally planned, amid
4512-574: The Ford Fund announced its official name has changed to Ford Philanthropy. Ford has had manufacturing operations worldwide, including in the United States, Canada, Mexico, China, India, the United Kingdom, Germany, Turkey, Brazil, Argentina, Australia, and South Africa. Ford also helped the Soviet Union to construct Russian automaker GAZ . In May 2010, Ford reported that its sales increased 23% for
4608-787: 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. Ford is the second-largest U.S.-based automaker, behind General Motors , and the sixth-largest in the world , behind Toyota , Volkswagen Group , Hyundai Motor Group , Stellantis , and General Motors, based on 2022 vehicle production. At
4704-709: The Mercury in 1939 as a higher-priced companion car to Ford. Henry Ford purchased the Lincoln Motor Company in 1922, in order to compete with such brands as Cadillac and Packard for the luxury segment of the automobile market. In 1929, Ford was contracted by the government of the Soviet Union to set up the Gorky Automobile Plant in Russia initially producing Ford Model A and AAs, thereby playing an important role in
4800-577: The Models A , B, C, F, K, N, R, and S. Hundreds or a few thousand of most of these were sold per year. In 1908, Ford introduced the mass-produced Model T , which totaled millions sold over nearly 20 years. In 1927, Ford replaced the T with the Model A , the first car with safety glass in the windshield. Ford launched the first low-priced car with a V8 engine in 1932. In an attempt to compete with General Motors' mid-priced Pontiac, Oldsmobile, and Buick, Ford created
4896-577: The Mustang, due to declining demand and profitability. The Focus Active, a crossover SUV based on the newly unveiled fourth-generation Focus, was also intended to be marketed in the United States. Due to the vehicle being manufactured in China, Ford later announced that it would not release the Focus Active in the United States, due to tariffs imposed by the Trump administration on Chinese exports . In March 2020,
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#17328736484914992-473: The U.S. Education programs and scholarships include Alan Mulally Engineering Scholarship, Ford Blue Oval Scholars Program, Ford College Community Challenge (Ford C3), Ford Driving Dreams Tour, Ford Fund/Detroit Free Press Journalism Scholarship, Ford Next Generation Learning (Ford NGL), Grants to Individuals Program, HBCU Community Challenge, Smithsonian Latino Center Young Ambassadors Program, and William Clay Ford Automotive Design Scholarship. On April 29, 2024,
5088-589: The UK switched to elsewhere in Europe, including Belgium and Spain as well as Germany. The Ford Sierra replaced the Taunus and Cortina in 1982, drawing criticism for its radical aerodynamic styling, which was soon given nicknames, the "Jellymould" and "The Salesman's Spaceship". In February 2002, Ford ended car production in the UK. It was the first time in 90 years that Ford cars had not been made in Britain, although production of
5184-460: The bill also barred the city from annexing property belonging to Leupold & Stevens. (See below, under Economy.) Beaverton's legal efforts to annex Nike cost the city over one million dollars. The Oregon State Legislature has also passed legislation which redetermined Washington County's urban growth boundary to include more development. In 2018, the Metro Council voted to once again expand
5280-487: The burden of retiree health care from the company's books, thereby improving its balance sheet. This arrangement took effect on January 1, 2010. As a sign of its currently strong cash position, Ford contributed its entire current liability (estimated at US$ 5.5 billion as of December 31, 2009) to the VEBA in cash, and also pre-paid US$ 500 million of its future liabilities to the fund. The agreement also gave hourly workers
5376-557: The chief executive officer of the company in August 2020; he previously served as Ford's chief operating officer. Hackett stayed in the company as an advisor until the second quarter of 2021. Ford is mainly owned by institutional investors, who own around 60% of shares. The largest shareholders in December 2023 were: The Ford Philanthropy, formerly known as the Ford Motor Company Fund (also known as Ford Fund, not affiliated with
5472-459: The city and Washington County announced an "interim plan" which would lead to Beaverton becoming the second-largest city in Oregon, second only to Portland. The "interim" plan actually covered a period of more than ten years; from the county's perspective, the plan supported its strategy of having cities and special districts provide urban services. The city of Beaverton also attempted to annex certain businesses, including Nike , which responded with
5568-406: The city in the early 20th century. In the 1940s, Tualatin Valley Stages , a division of Portland Stages, Inc., provided limited bus transit service between the city and downtown Portland ; it operated later as a separate company, Tualatin Valley Buses, Inc., through the 1960s. This was one of four privately owned bus companies that served the Portland metropolitan area and were collectively known as
5664-499: The city's MAX Light Rail stations. The Round , a mixed-use development around Beaverton Central MAX Station on the site of a former sewer plant , was announced in 1996. In 2014, the City of Beaverton moved its city hall into The Beaverton Building, an office building in The Round. The Round currently consists of 24,000 square foot of retail space with 63 residential condominiums located above. BG's Food Cartel , Beaverton's first food cart pod, opened in 2018 and has 31 food carts,
5760-436: The city. The population density was 4,794.6 inhabitants per square mile (1,851.2/km ). There were 39,500 housing units at an average density of 2,108.9 per square mile (814.3/km ). The racial makeup of the city was 73.0% White , 2.6% African American , 0.6% Native American , 10.5% Asian , 0.5% Pacific Islander , 8.2% from other races , and 4.5% from two or more races. Hispanic or Latino residents of any race were 16.3% of
5856-421: The company until 2014. Ford also named Mark Fields, its president of operations in the Americas, as its new chief operating officer Mulally was paid a compensation of over $ 174 million in his previous seven years at Ford since 2006. The generous amount has been a sore point for some workers of the company. In April 2016, Ford announced a plan to modernize its Dearborn engineering and headquarters campuses through
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#17328736484915952-400: The company; at the beginning the vaccination program would be in southeast Michigan, Missouri and Ohio, but it was to be expanded later on to other locations. In March 2022, Ford announced that it would restructure the company into three separate divisions. Ford Model E is to focus on electric vehicles; Ford Blue is to focus on internal combustion vehicles; and the existing commercial division
6048-642: The cost of credit default swaps to insure the debt of Ford was 68 percent of the sum insured for five years, in addition to annual payments of 5 percent. That meant $ 6.8 million paid upfront to insure $ 10 million in debt, in addition to payments of $ 500,000 per year. In January 2009, Ford reported a $ 14.6 billion loss in the preceding year, a record for the company. The company retained sufficient liquidity to fund its operations. Through April 2009, Ford's strategy of debt-for-equity exchanges erased $ 9.9 billion in liabilities (28% of its total) in order to leverage its cash position. These actions yielded Ford
6144-455: The electric Mustang Mach-E SUV. According to Thatcham Research, an automotive research company, this model is not a self-driving car. It is classified as a level 2 or partial automation assistance system. This means that technology controls two or more driving aspects but still requires human driver control in cases of emergencies. The driver is still legally responsible for accidents. In August 2024 Pennsylvania State Police filed charges against
6240-435: The end of 2010, Ford was the fifth-largest automaker in Europe. The company went public in 1956 but the Ford family, through special Class B shares , retain 40 percent of the voting rights. During the 2008–2010 automotive industry crisis , the company struggled financially but did not have to be rescued by the federal government, unlike the other two major US automakers. Ford Motors has since returned to profitability, and
6336-414: The formation of Ford Smart Mobility, a unit responsible for experimenting with car-sharing programs, self-driving ventures and other programs aimed at helping Ford better compete with Uber , Alphabet Inc. and other tech giants looking to edge in on the auto industry. On April 25, 2018, Ford announced that it would discontinue passenger cars in the North American market in the next four years, except for
6432-436: The further coronavirus pandemic spread. In the first quarter of 2020, Ford's sales dropped by 15%, entailing the loss of $ 2 billion. With the change in the demand for the sport vehicles, on January 6, 2021, Ford reported a sales fall of 9.8% in the fourth quarter, selling 542,749 vehicles, compared to 601,862 in 2019. In April 2021, Ford said that it would provide COVID-19 vaccines for its employees, who were to obtain them at
6528-551: The future of plug-in hybrids in terms of how home and vehicle energy systems will work with the electrical grid. Under the multimillion-dollar, multi-year project, Ford is to convert a demonstration fleet of Ford Escape Hybrids into plug-in hybrids, and SCE is to evaluate how the vehicles might interact with the home and the utility's electrical grid. Some of the vehicles are to be evaluated "in typical customer settings", according to Ford. William Clay Ford Jr. , great-grandson of Henry Ford (and better known by his nickname "Bill"),
6624-434: The gains, the company finished the year with a $ 2.7 billion loss, largely attributed to finance restructuring at Volvo . On June 2, 2008, Ford sold its Jaguar and Land Rover operations to Tata Motors for $ 2.3 billion. During congressional hearings held in November 2008 at Washington D.C., Ford's Alan Mulally stated that "We at Ford are hopeful that we have enough liquidity. But we also must prepare ourselves for
6720-488: The industry. Mulally stated that "In addition to our plan, we are also here today to request support for the industry. In the near-term, Ford does not require access to a government bridge loan. However, we request a credit line of $ 9 billion as a critical backstop or safeguard against worsening conditions as we drive transformational change in our company". GM and Chrysler received government loans and financing through T.A.R.P. legislation funding provisions. On December 19,
6816-481: The intersection of Walker and Canyon Roads. In the early 1920s, Beaverton was home to Premium Picture Productions , a movie studio which produced about fifteen films. The studio site was later converted into Watt's Field and associated aircraft manufacturing facilities. A second Beaverton airport, Bernard's Airport , was later developed farther north, at the present location of the Cedar Hills Crossing mall. The town's first library opened in 1925. Originally on
6912-400: The job security they were seeking by having the company commit to substantial investments in most of its factories. The automaker reported the largest annual loss in company history in 2006 of $ 12.7 billion, and estimated that it would not return to profitability until 2009. However, Ford surprised Wall Street in the second quarter of 2007 by posting a $ 750 million profit. Despite
7008-574: The largest family-controlled companies in the world. The first gasoline-powered automobile was created in 1885 by the German inventor Karl Benz , with his Benz Patent-Motorwagen . More efficient production methods were needed to make automobiles affordable for middle class people. To which Ford contributed by, for instance, introducing the first moving assembly line in 1913 at the Ford factory in Highland Park . Between 1903 and 1908, Ford produced
7104-697: The latter part of the 18th century, and the prosperous tribe was no longer dominant in the area by the 19th century when settlers arrived. The tribe named their village Chakeipi, which translates to "place of the beaver", which early settlers referred to as "Beaverdam." Early settlers include the Hall Family from Kentucky , the Denneys who lived on their claim near present-day Scholls Ferry Road and Hall Blvd, and Orin S. Allen, from western New York. Lawrence Hall purchased 640 acres (2.6 km ) in Beaverdam in 1847 and built
7200-638: The main entrance to the park, is the Tualatin Hills Nature Center , formerly called the Tualatin Hills Nature Park Interpretive Center. The name was changed in November 2014. Nature supervisor Kristin Atman said that "six words is really a mouthful" and the new name would be more consistent with THPRD's other facilities. Before being developed with trails and opened to the public, the site was known as St. Mary's Woods. It
7296-541: The mid-to-late 1990s, Ford continued to sell large numbers of vehicles, in a booming American economy with a soaring stock market and low fuel prices. With the dawn of the new century, legacy health care costs , higher fuel prices, and a faltering economy led to falling market shares, declining sales, and diminished profit margins. Most of the corporate profits came from financing consumer automobile loans through Ford Motor Credit Company . By 2005, both Ford and GM 's corporate bonds had been downgraded to junk status as
7392-490: The month, and that 37% of its sales came from fleet sales. In June 2010, sales to individual customers at dealerships increased 13% while fleet sales rose by 32%. In the first seven months of 2010, fleet sales of Ford for the same period rose 35% to 386,000 units while retail sales increase 19%. Fleet sales account for 39 percent of Chrysler's sales and 31 percent for GM's. At first, Ford in Germany and Ford in Britain built different models from one another until 1965, when
7488-607: The park from the west. Beaverton, Oregon Beaverton is a city in the Tualatin Valley , located in Washington County in the U.S. state of Oregon , with a small portion bordering Portland . The city is among the main cities that make up the Portland metropolitan area . Its population was 97,494 at the 2020 census , making it the second most populous city in the county and the seventh-most populous city in Oregon . Beaverton
7584-464: The past two years and will lose a similar amount in 2023 as the company looks to significantly invest in Electric Technology. The Ford Model E is expected to be profitable by 2026. In April 2023, United Kingdom ministers approved Ford's BlueCruise technology. Because of this assisted driving technology, Ford drivers can now legally take their hands off the wheel on certain roads. Its top speed
7680-440: The population. There were 37,213 households, of which 31.0% had children under the age of 18 living with them, 43.7% were married couples living together, 10.6% had a female householder with no husband present, 4.6% had a male householder with no wife present, and 41.1% were non-families. 30.9% of all households were made up of individuals, and 8.5% had someone living alone who was 65 years of age or older. The average household size
7776-407: The prospect of further deteriorating economic conditions". He went on to state that "The collapse of one of our competitors would have a severe impact on Ford" and that Ford Motor Company supported both Chrysler and General Motors in their search for government bridge loans during the 2008–2010 automotive industry crisis . Together, the three companies presented action plans for the sustainability of
7872-540: The retirement of president and chief operations officer Jim Padilla in April 2006, Bill Ford assumed his roles as well. Five months later, in September, Ford named Alan Mulally as president and CEO, with Ford continuing as executive chairman. In December 2006, the company raised its borrowing capacity to about $ 25 billion, placing substantially all corporate assets as collateral. Chairman Bill Ford has stated that "bankruptcy
7968-717: The second floor of the Cady building, it has been moved repeatedly; in 2000 it was moved to its current location on Hall Boulevard and 5th Street. A branch location was opened for the first time in June 2010, when the Murray-Scholls location opened near the Murrayhill neighborhood. The Beaverton libraries and 15 other local libraries participate in the Washington County Cooperative Library Services . In December 2004,
8064-765: The sport of curling , the Evergreen Curling Club. In January 2017, the Evergreen Curling Club hosted the United States Curling Association Senior Women's National Championship. The public schools serving most of Beaverton are part of the Beaverton School District . There are six public high schools in the district – Aloha High School , Beaverton High School , Mountainside High School , Southridge High School , Sunset High School , and Westview High School . It also has several public option schools serving grades 6-12 like
8160-534: The third-place game was rained out and not rescheduled. In addition, a Junior Softball team from Beaverton went to 2006 World Series in Kirkland, Washington , ending in sixth place. In 2002, Beaverton's Little League Softball team took second place to Waco, Texas, in the Little League Softball World Series. In January 2013, Beaverton became the first city in Oregon to have an ice rink dedicated to
8256-482: The time were run using forced labor . The creation of a scientific laboratory in Dearborn, Michigan, in 1951, doing unfettered basic research, led to Ford's involvement in superconductivity research. In 1964, Ford Research Labs made a key breakthrough with the invention of a superconducting quantum interference device or SQUID . Ford offered the Lifeguard safety package from 1956 , which included such innovations as
8352-515: The urban growth boundary to include the Cooper Mountain urban reserve area. In 2016, voters approved a $ 35 million bond for a new 75,000-square-foot (7,000 m ) Public Safety Center built to withstand a major earthquake. The center, which opened in fall of 2020, now houses the city's Emergency Management and Police Departments. Construction began in September 2018. The city has tried to encourage transit-oriented development around
8448-705: The use of this brand name was discontinued with the introduction of the Ford Transit in 1965. Elsewhere in continental Europe, Ford assembles the Mondeo, Galaxy , S-Max and Kuga in Valencia (Spain), Fiesta in Cologne (Germany), Focus in Saarlouis (Germany), Ecosport and Puma in Craiova (Romania). Ford also owns a joint-venture production plant in Turkey. Ford Otosan , established in
8544-430: Was $ 38,261, and the median income for a family was $ 71,806. Males had a median income of $ 41,683 versus $ 31,204 for females. The per capita income for the city was $ 25,419. About 5.0% of families and 7.8% of the population were below the poverty line, including 8.5% of those under age 18 and 6.8% of those age 65 or over. As of the census of 2010, there were 89,803 people, 37,213 households, and 21,915 families residing in
8640-567: Was 2.39 and the average family size was 3.03. The median age in the city was 34.7 years. 22.9% of residents were under the age of 18; 9.2% were between the ages of 18 and 24; 33% were from 25 to 44; 24.5% were from 45 to 64; and 10.4% were 65 years of age or older. The gender makeup of the city was 48.6% male and 51.4% female. Reser's Fine Foods , processor and distributor of freshly prepared foods, has headquartered in Beaverton since 1960. Leupold & Stevens , maker of rifle scopes and other specialty optics, has been located on property adjacent to
8736-490: Was appointed executive chairman in 1998, and also became chief executive officer of the company in 2001, with the departure of Jacques Nasser , becoming the first member of the Ford family to head the company since the retirement of his uncle, Henry Ford II , in 1982. Ford sold motorsport engineering company Cosworth to Gerald Forsythe and Kevin Kalkhoven in 2004, the start of a decrease in Ford's motorsport involvement. Upon
8832-514: Was going to cut 3,800 jobs across Europe, with the job cuts mainly focusing on their German and British workforce. Ford will be cutting 2,300 jobs from Germany, 1,300 from the United Kingdom, and an additional 200 jobs in the rest of Europe, according to the head of Ford Germany, Martin Sander. The cuts will mainly be done to the company's engineers. Ford also announced during the year that their electric vehicle business had lost $ 3 billion before taxes over
8928-552: Was introduced on April 17, 1964, during the 1964 New York World's Fair , where Ford had a pavilion made by The Walt Disney Company . In 1965, Ford introduced the seat belt reminder light. With the 1980s, Ford introduced several highly successful vehicles around the world. During the 1980s, Ford began using the advertising slogan, "Have you driven a Ford, lately?" to introduce new customers to their brand and make their vehicles appear more modern. In 1990 and 1994, respectively, Ford also acquired Jaguar Cars and Aston Martin . During
9024-503: Was responsible for the manufacture and sale of the famous Continental Mark II . At the same time, the Edsel division was created to design and market that car starting with the 1958 model year. Due to limited sales of the Continental and the Edsel disaster, Ford merged Mercury, Edsel, and Lincoln into "M-E-L," which reverted to "Lincoln-Mercury" after Edsel's November 1959 demise. The Ford Mustang
9120-579: Was still known by that name when it was acquired by THPRD from the Archdiocese of Portland in 1981 after local voters approved a tax levy providing $ 5.5 million towards the purchase cost. By 1984, when periodic tours of the still mostly undeveloped site gave the first regular public access, the site had been named the Tualatin Hills Nature Park. Although the Nature Center on Millikan Way
9216-406: Was the eleventh-ranked overall American-based company in the 2018 Fortune 500 list, based on global revenues in 2017 of $ 156.7 billion. In 2023, Ford produced 4.4 million automobiles, and employed about 177,000 employees worldwide. The company operates joint ventures in China ( Changan Ford ), Taiwan ( Ford Lio Ho ), Thailand ( AutoAlliance Thailand ), and Turkey ( Ford Otosan ). Ford owns
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