a large US company that makes cars. It was established in Detroit in 1903 by Henry Ford and had a major influence on the way cars were made. It introduced the world's first moving production line and started using standard types of parts. This reduced production times and costs, allowing Ford to sell cars to more people at lower prices. By the end of 1913, 50% of cars in the US were Fords. The first Model T was sold in 1908. The company has produced the Lincoln since 1922 and it made the Mercury from 1938 until 2011. It has a share in Aston Martin and Mazda. In 1989 it bought Jaguar and in 1990 Land Rover but these companies have since been sold to Tata Motors.