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.
01-15-2010, 06:40 PM
