BIG FORD CONCERN
CAPITAL OF £7,000,000 BRITAIN AND EUROPE (Australian and N.Z. Press Association) Reed. 1.35 i).m. LONDON", Monday. Henry Ford announces the flotation of a company with a £7,000.000 capi? tal to acquire the various Ford companies in Britain and Europe, which already have assets of £7,000,000. The net profits of six years exceed £1.000,000 a year. The company will acquire the manufacturing and selling rights of all Ford products in the British Isles and the Continent. excluding Russia, and Africa, excluding the British possessions. It will have a temporary rigiit to sell Fordson tractors throughout the world. It is expected that these developments will results in the export of 165.000 cars and tractors from Britain annually.
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Bibliographic details
Sun (Auckland), Volume II, Issue 510, 13 November 1928, Page 13
Word Count
118BIG FORD CONCERN Sun (Auckland), Volume II, Issue 510, 13 November 1928, Page 13
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