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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 .
Pages in category "Lincoln Motor Company" The following 4 pages are in this category, out of 4 total. ... Contact Wikipedia; Code of Conduct; Developers; Statistics;
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]
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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]
The Lincoln L series (also called the Lincoln Model L) is the first automobile that was produced by the Lincoln Motor Company. [1] Introduced in 1920, the L series would continue to be produced after the bankruptcy of Lincoln in 1922 and its purchase by Ford Motor Company .
Production of the Lincoln LS ended in early April 2006 [5] and production of the Ford GT stopped on September 21, [6] leaving the Town Car as the plant's final Ford Motor Company product. Wixom was the most profitable plant in the industry during the 1980s when Cadillac downsized its lineup and lost ground to Lincoln.
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