Thread: Trivia
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Old 01-15-2010, 06:40 PM
  #154  
fla1976
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Dodge manufactured every part of the Ford car except for the buckboard wooden seats and the rubber tires. Dr. E. Pfennig bought the first Ford for $850. At the time of the sale, Ford only had left $223.65 in his bank account, and was almost bankrupt. However, cash flow went only one direction after that first sale, and that direction was up. Dodge received $10,000 in stock dividends the first year. Ford stock would eventually pay out to them millions more, but for the time being the Dodge Brothers profited handsomely twice: once by selling Ford the parts he needed to manufacture his car, and again by owning stock in his prospering company. Someone can post up, gotta go. Long drive tomorrow.
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