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Leland named Lincoln Motor Company after Abraham Lincoln, stating that Lincoln was the first President for whom he ever voted (1864). [ 10 ] [ 13 ] The company was financed by securing a $10 million contract to produce Liberty V12 aircraft engines ($237,818,182 in 2023 dollars [ 14 ] ) for use during World War I .
A remnant of the Lincoln Plant Complex: A Building on Warren in 2010. In 1922, Henry Ford purchased the company for $8,000,000, [5] turning the Lincoln into Ford Motor Company's luxury brand. [3] Leland retained his management post after the sale, but the strong-willed Leland and Ford immediately clashed, and Leland resigned after a few months. [2]
In 1922, Lincoln became insolvent and was bought out by Henry Ford's Ford Motor Company. Ford's bid of $8 million was the only bid at a receivers sale. Ford had first offered $5 million, but the judge would not accept it for a well-equipped company whose assets were conservatively estimated at $16 million. [12]
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The first car manufactured August 1, 1957 was the Lincoln Capri, and the last was a white chocolate Lincoln Town Car which rolled off the line at 12:55 pm on May 31, 2007. [ 3 ] The plant only created components and manufactured complete Lincoln cars, as well as the Ford Thunderbird — along with the Ford GT40 of the 1960s and the Ford GT of ...
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