Lincoln Celebrates Its 100th Anniversary Under The Ownership Of Ford | Carscoops carscoops
On February 4, 1922, Henry Ford signed a deal to purchase the Lincoln Motor Company at the recommendation of his wife Clara and his son Edsel. Now, 100 years later, the company is on the verge of another sea change.
The company was founded in 1917 by Henry Leland and his son Wilfred. Henry was one of the founders of Cadillac but left the company over a dispute about wartime production and founded Lincoln in order to produce Liberty V12 aircraft engines. He named the company after Abraham Lincoln, the first president for whom he voted in 1864.
After the war, the company made the switch to automobiles but it proved a challenging one and by 1922, it was on the verge of bankruptcy. Ford decided to step in and buy it for $8 million, the equivalent of nearly $133 million today.
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