The Ford Thunderbird (colloquially called the T-Bird) is a personal luxury car produced by Ford from model years 1955 until 1997 and 2002 until 2005 across 11 distinct generations. Introduced as a two-seat convertible, the Thunderbird was produced in a variety of body configurations. These included a four-seat hardtop coupe, four-seat convertible, five-seat convertible and hardtop, four-door pillared hardtop sedan, six-passenger hardtop coupe, and five-passenger pillared coupe, with the final generation designed again as a two-seat convertible.
Ford targeted the two-seat Thunderbird as an upscale model, but the 1958 model year design introduced a rear seat and arguably marked the expansion of a market segment eventually known as personal luxury cars. This class of cars was positioned to emphasize driving comfort and convenience features over handling and high-speed performance. From 1968 through 1998, Lincoln-Mercury marketed rebadged variants of the Thunderbird as the Continental Mark III, Mark IV, Mark V, Mercury Cougar, Lincoln Mark VII, and Lincoln Mark VIII.
Ford Motor Company (commonly known as Ford) is an American multinational automobile manufacturer headquartered in Dearborn, Michigan, United States. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobiles and commercial vehicles under the Ford brand, and luxury cars under its Lincoln luxury brand. Ford also owns Brazilian SUV manufacturer Troller, an 8% stake in Aston Martin of the United Kingdom and a 32% stake in China’s Jiangling Motors. It also has joint ventures in China (Changan Ford), Taiwan (Ford Lio Ho), Thailand (AutoAlliance Thailand), Turkey (Ford Otosan), and Russia (Ford Sollers). The company is listed on the New York Stock Exchange and is controlled by the Ford family; they have minority ownership but the majority of the voting power.Ford introduced methods for large-scale manufacturing of cars and large-scale management of an industrial workforce using elaborately engineered manufacturing sequences typified by moving assembly lines; by 1914, these methods were known around the world as Fordism. Ford's former UK subsidiaries Jaguar and Land Rover, acquired in 1989 and 2000 respectively, were sold to the Indian automaker Tata Motors in March 2008. Ford owned the Swedish automaker Volvo from 1999 to 2010. In 2011, Ford discontinued the Mercury brand, under which it had marketed entry-level luxury cars in the United States, Canada, Mexico, and the Middle East since 1938.
Ford is the second-largest U.S.-based automaker (behind General Motors) and the fifth-largest in the world (behind Toyota, Volkswagen, Hyundai and General Motors) based on 2015 vehicle production. At the end of 2010, Ford was the fifth-largest automaker in Europe. The company went public in 1956 but the Ford family, through special Class B shares, still retain 40 percent of the voting rights. During the financial crisis of 2007–08 the company struggled financially almost to the point of collapse, from which it was in large part rescued by President George W. Bush announcing his emergency financial rescue plan to help Ford Motors as well as Chrysler LLC and General Motors, making immediately available $13.4 billion to the automaker. Ford Motors has since returned to profitability, and was the eleventh-ranked overall American-based company in the 2018 Fortune 500 list, based on global revenues in 2017 of $156.7 billion. In 2008, Ford produced 5.532 million automobiles and employed about 213,000 employees at around 90 plants and facilities worldwide.
1958Mar, 16
The Ford Motor Company produces its 50 millionth automobile, the Thunderbird, averaging almost a million cars a year since the company's founding.
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Events on 1958
- 13May
Richard Nixon
During a visit to Caracas, Venezuela, Vice President Richard Nixon's car is attacked by anti-American demonstrators. - 30May
Arlington National Cemetery
Memorial Day: The remains of two unidentified American servicemen, killed in action during World War II and the Korean War respectively, are buried at the Tomb of the Unknown Soldier in Arlington National Cemetery. - 16Jun
Hungarian Revolution of 1956
Imre Nagy, Pál Maléter and other leaders of the 1956 Hungarian Uprising are executed. - 18Aug
Lolita
Vladimir Nabokov's controversial novel Lolita is published in the United States. - 28Nov
French colonial empire
Chad, the Republic of the Congo, and Gabon become autonomous republics within the French Community.