£20,000,000.
TO TRANSFORM PLANT. FORD’S BIG LOSS. DETROIT, Dec. b. It cost Henry lord exactly 1C0,000,C00 dollars (£20,000,000) to abandon the Model T lord car and transform his factories for the new car. ■. . 0 ' . .A-b This transformation, together with the loss ot business profits -meanwhile, accounted for the money. "All 1 know is that when we made the last Model T we had 050,000,0d0 dollars cash in the bank,, and now wo have 250,000,000,” declared . Mr. cord, but without expressing anj regrets. The new Ford plants have a capacity for 2,500,000 cars annually, an increase of 20 per cent, over the old factories. •
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https://paperspast.natlib.govt.nz/newspapers/GIST19271229.2.59
Bibliographic details
Gisborne Times, Volume LXVI, Issue 10471, 29 December 1927, Page 6
Word Count
103£20,000,000. Gisborne Times, Volume LXVI, Issue 10471, 29 December 1927, Page 6
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