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The Ford Motor Company of Canada is a wholly owned subsidiary of Ford Motor Company, [3] although it once had its own distinct group of shareholders. [4] At its formation, Ford Motor Company was not a shareholder of Ford Canada, but its twelve founding shareholders directly held 51% of Ford Canada's shares, and Henry Ford himself owned 13% of the new company. [2]
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Ford sports cars have been visible in the world of sports car racing since 1964. Most notably the Ford GT40 won the 24 Hours of Le Mans four times (in 1966, 1967, 1968 and 1969) and is the only American car to ever win overall at this prestigious event. Ford also won four titles at the World Sportscar Championship with the GT40.
The firm also issues commercial paper and other debt instruments on Ford's behalf. Ford Credit also owns Lincoln Automotive Financial Services, the arm that finances Lincoln vehicles. Ford earned $2.63 billion EBIT with its Ford Credit segment in 2018, up from $2.31 billion in 2017. 2018 was the segment's highest full-year EBT in eight years.
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Canada is currently the thirteenth-largest auto-producing nation in the world, and seventh largest auto exporter by value, producing 1.4 million vehicles and exporting $32 billion worth of vehicles in 2020. [1] Canada's highest rankings ever were the second-largest producer in the world between 1918 and 1923 and third-largest after World War II.