Dearborn (US), Nov 19: Century-old Ford motor co. Produced its 300 millionth vehicle yesterday, a crimson red 2004 Mustang Gt Convertible driven off the assembly line by Chairman Bill Ford Jr. "It's no secret to any of you that this is my favorite car in the world," ford told employees during a brief ceremony at the company's Dearborn assembly plant, its oldest. Ford is trying to engineer a turnaround at the world's second-largest automaker, which will introduce 40 new vehicles worldwide next year - including an all-new Mustang - and 200 new products globally in the next five years. The company will use the milestone Mustang in promotions as it celebrates the 40th anniversary of that model next year. Ford marked 100 years in business in June. "When the company built its one millionth car, my great-grandfather henry ford said, 'a million of anything is a great many," Bill Ford said. "He would be very proud that his company produced 300 million vehicles." Other vehicle production milestones at ford were the 20 millionth vehicle in 1931, 50 millionth in 1959, 100 millionth in 1977 and 250 millionth in 1996. as ford acquired other carmakers, such as Volvo and Jaguar, their production began counting toward ford's once the deals were complete. The company's domestic brands are Ford, Lincoln and Mercury.
General motors corp., the world's largest automaker, says it's built roughly 395 million vehicles worldwide since its founding in 1908.
Bureau Report