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Sonic Automotive is a Fortune 500 company based in Charlotte, North Carolina, and is the fifth largest automotive retailer in the United States as measured by total revenues. [3] The company was founded by O Bruton Smith and completed its initial public offering on the NYSE in 1997.
In June 2010, sales to individual customers at dealerships increased 13% while fleet sales rose by 32%. [112] In the first seven months of 2010, fleet sales of Ford for the same period rose 35% to 386,000 units while retail sales increase 19%. [113] Fleet sales account for 39 percent of Chrysler's sales and 31 percent for GM's. [113]
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According to the legend, the owners refused to let Ford buy the plant. He moved on and built his first plant in Detroit, making it the center of auto manufacturing. This story is often repeated despite a lack of evidence, and it runs contrary to the life of Ford, who was born and raised in Detroit and started his businesses there.
The company currently operates out of Charlotte, North Carolina, but is no longer a race team. Holman-Moody continues to manufacture racing vehicles using vintage parts and methods, along with special editions of modern Ford sports cars. [1] The race team built virtually all of the factory Ford racing vehicles of the 1950s, 1960s, and 1970s. [2]
Henry Ford (pictured c. 1919), founded and led the company, presiding over it during two tenures, 1906–1919 and 1943–1945. The Ford Motor Company is an American automaker, the world's fifth largest based on worldwide vehicle sales.
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