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In the 11 years the operation ran, as is typical of a Ponzi scheme, McNamara had to take out larger and larger loans each year to pay off the payments due on previous loans. In 1985 he took out loans totaling $250 million, $715 million in 1989, $1.88 billion in 1990 and $1.93 billion in 1991.
In 2023, China had more than 30 million produced vehicles a year for the first time in history, after reaching 29 million for the first time in 2017 and 28 million the year before. From 1970 (140 models) to 1998 (260 models) to 2012 (684 models), the number of automobile models in the U.S. has grown exponentially.
On January 3, 2017, Ford CEO Mark Fields announced that in a "vote of confidence" because of the pro-business climate being fostered in part by President-elect Donald Trump, Ford had canceled plans to invest $1.6 billion in a new plant in Mexico to manufacture the Ford Focus; instead, the company would invest $700 million in Michigan, which it ...
There were 11 buildings encompassing 350,000-square-foot (33,000 m 2) on 100-acres of paved parking and a 50-car rail head on Pritchard Road. A 20,000-square-foot (1,900 m 2) central services building was constructed in 2015. [5] The 2005 reserve parcel was sold in 2020 for a $7 million profit. [22]
1975 Western Auto Garden Tiller. Western Auto was known for its private labelled Western Flyer Bicycle and Performance Radial GT tire brand. Other Western Auto private-labeled brands included Davis tires, Tough One batteries, TrueTone electronics, Citation appliances, Wizard tools, and Wizard typewriters — the latter as re-branded typewriters manufactured by Brother Industries of Nagoya, Japan.
In 2013, Changan Ford opened a new engine plant in Chongqing with an investment of US$500 million. [4] Changan-Ford revealed the Jiayue sub-brand in May 2014. On 18 June 2014, Changan Ford opened its transmission plant in Chongqing with an investment of US$350 million. This is the first transmission plant for Ford in the Asia-Pacific region. [5]