Ford Motor Co. is bringing its premium Lincoln cars to China, decades behind Volkswagen AG’s Audi and BMW, testing whether the second-biggest U.S. automaker can emulate the recent turnaround of its namesake brand.
President Barack Obama went on the attack against congressional Republicans and used his call for raising the U.S. minimum wage as an appeal to younger voters who might help Democrats avert electoral losses in November.
Henry Ford was born 150 years ago, July 30, 1863. He is remembered now for building a great many automobiles, for saying that history was “bunk” and for a strenuous anti-Semitic campaign that did his Ford Motor Co. incalculable harm (and whose effects the company has successfully worked to ameliorate almost since the day he died, in 1947).
In 1914, Henry Ford announced he was more than doubling the average wage of Ford Motor Co. factory workers to $5 a day, in part so they could afford a Model T. His act took the world by surprise, spurred auto sales and helped create an American middle class.