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In September 1949, to avoid a strike, Ford agreed to pay $20 million a year to pay the entire cost of pensions. Workers with 30 years' service would receive $100 a month. Ford agreed that the pension plan would be both fully funded and actuarially sound. [13] After its success with Ford, the UAW moved on to Chrysler.
[6] [7] [8] Ford Werke and Ford SAF (Ford's subsidiaries in Germany and France, respectively) produced military vehicles and other equipment for Nazi Germany's war effort. Some of Ford's operations in Germany at the time were run using forced labor. When the U.S. Army liberated the Ford plants in Cologne and Berlin, they found "destitute ...
The announced reassessments upset many American supporters of Israel. On May 21, Ford "experienced a real shock" when seventy-six U.S. senators wrote him a letter urging him to be "responsive" to Israel's request for $2.59 billion in military and economic aid. Ford felt truly annoyed and thought the chance for peace was jeopardized.
After leaving the White House, the Fords moved to Denver, Colorado. Ford successfully invested in oil with Marvin Davis, which later provided an income for Ford's children. [165] He continued to make appearances at events of historical and ceremonial significance to the nation, such as presidential inaugurals and memorial services.
Automobile Protection Corporation — Extended warranty company APCO will also be sold; Mazda — On November 18, 2008, Ford announced that it would be selling a 20% stake in Mazda, bringing its stake to 13.4%, and surrendering control of the company. Mercury — On June 2, 2010, Ford officially announced the closure of Mercury by the end of Q4 ...
Tech Plus by AOL will provide around-the-clock tech support for all your devices coupled with computer and digital data protection services. • Tech Plus by AOL - Platinum - Tech Plus Platinum includes top of the line products to help protect your identity, personal data and devices, so that you have more control over your digital life.
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