FOXNews.com: Bill Ford buys a really old Ford

FOXNews.com FOX News Network - We Report. You Decide. // via fulltextrssfeed.com

Bill Ford buys a really old Ford Dec 12th 2012, 05:29 Turns out that Bill Ford, Jr. is something of a man of mystery. The Executive Chairman of the Ford Motor Company has been revealed as the high bidder for the oldest-known surviving Ford automobile, which was sold at an RM Auction Hershey, Penn., in October for $264,000. The identity of the buyer had previously been kept under wraps. The 1903 Ford Model A Rear Entry Tonneau is believed to be the third car produced under the auspices of the newly-formed company and was sold on July 19th of that year to Iowa butter maker Herbert L. McNary. McNary handed over $1,350 for all three of the cars that day, which represented the full price of $850 for one plus down payments others. It was a welcome injection of funds for the fledgling automaker, which only had $250 cash on hand at the time and was in dire straits. Looks like Bill Ford got a pretty good deal on it, too. The fully-restored four-seater was last sold in 2007 for $693,000. He picked it up to help celebrate the 150th anniversary of his great-grandfather and company founder Henry Ford's birthday, which is coming up on July 30th, 2013.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions