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The sale, to a private buyer, was for 135 million euros ($142,769,250). It handily outstripped the previous record-setting $48.4-million sale of a 1962 Ferrari 250 GTO at a 2018 auction to become the most expensive car ever sold at auction. Both of these high-dollar sales were brokered by RM Sotheby's. [1]
Under the National Traffic and Motor Vehicle Safety Act of 1966, Federal Motor Vehicle Safety Standards required shoulder belts for front passengers, front head restraints, energy-absorbing steering columns, ignition-key warning systems, anti-theft steering column/transmission locks, side marker lights and padded interiors starting in 1968.
Ford had 2.5% of the Chinese market in 2013, while VW controlled 14.5% and GM had 15.6%, according to consultant LMC Automotive. GM outsells Ford in China by more than six-to-one. [ 129 ] Ford's presence in Asia has traditionally been much smaller, confined to Malaysia, Singapore, Hong Kong, the Philippines, and Taiwan, where Ford has had a ...
Phoenix Raceway has held numerous open-wheel racing events under various sanctioning bodies: primarily under the United States Auto Club (USAC), Championship Auto Racing Teams (CART), and IndyCar. Until the mid-1980s, the facility held two annual open-wheel races a year: the Jimmy Bryan Memorial and the Bobby Ball Memorial .
Under the influence of Edsel Ford, Lincoln Motor Company was purchased by Henry Ford for $8 million ($145,622,266 in 2023 dollars [14]) on February 4, 1922. [ 10 ] [ 17 ] While Lincoln was valued at $16 million, a $5 million bid by Ford was the sole bid received for the company (forced to be increased by the court).
In the late 1990s, the U.S. economy was on the rise and GM and Ford gained market share producing enormous profits primarily from the sale of light trucks and sport-utility vehicles. In 2001, following the September 11th attacks , a severe stock market decline caused a pension and benefit fund underfunding crisis.
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