Papers on "Lorain Assembly Plant" and similar term paper topics
Paper #009713 ::
Lorain Assembly Plant
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A study of the Lorain assembly plant?s unique business relationship with the Ford Company.
Written in 2002; 1,170 words; 5 sources; MLA;
$ 40.95
Paper Summary:
This paper examines the privately owned Lorain assembly plant's dependence on the Ford Company. It describes the changing auto industry and the need for the plant to produce a different Ford model. The paper discusses the financial loan options offered to the Lorain plant by Ford for reconstruction and start up of the new auto line.
From the Paper:
"The Lorain Assembly Plant is privately owned. The Ford Motor Company owns 25% of is manufacturing facilities, the remainder are privately owned as is the case with the Loraine Assembly Plant (Ford.com, 2002). Because they are privately owned, it is not necessary to publish specific financial data for general public use. This information is considered company sensitive and was not available. Because the Lorain Assembly plant is a supplier for the Ford Company, accounting policies and practices must be consistent with those used by the Ford Motor Company. In addition, as a part of the contract with Lorain Assembly Plant, Ford Motor Company requires the right to audit the books at any time upon request. They are not, however, required to make the findings public, unless it affects the reported earnings of the Ford Motor Company. Publicly traded companies are required to file their financial statements with the SEC and must be audited by an independent auditor. These findings are required to be made public record."
Tags:
private ownership motor car automobile public company
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