Who was and is Lincoln?

[Thepoorman]

The Lincoln Motor Company was founded in August 1917 by Henry Leland and his son Wilfred. Leland named Lincoln Motor Company after Abraham Lincoln, stating that Lincoln was the first President for whom he ever voted for.

Lincoln Motor Company would assemble 6,500 Liberty V12 engines by the end of World War I. Lincoln would employ 6,000 workers. In 1920 Lincoln Motor Company was reorganized as an automobile manufacturer, retooling its Detroit factory to produce automobiles.

Lincoln Motor Company had struggled with the transition from military to automobile production, with some customers having to wait nearly a year for their vehicles to be completed from the time of purchase. In 1922 the company was on the verge of bankruptcy and was placed in receivership.

Lincoln Motor Company was purchased by Henry Ford for $8 million 1922. While Lincoln was valued at $16 million, a $5 million bid by Ford was the sole bid received for the company (forced to be increased by the court).

Lincoln was operating at a profit by the end of 1923.
The Lincoln luxury brand is still in production by Ford.