FOREIGN TRADE: Headache Powder

Like many U.S. companies with subsidiaries overseas, Ford Motor Co. has had more than its share of headaches from its foreign holdings, less than its share of profits. A complicated corporate setup has not helped. Much of the stock of eleven European and Middle Eastern Ford companies is owned by the Ford Investment Co., Ltd. of Guernsey, in the Channel Islands, a company which in turn is owned by Ford Motor Co., Ltd. of Britain, in which the U.S. company has a 59% interest.

Thus Detroit's Ford Motor Co. has had little direct voice in running the subsidiaries on the...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!