Word: forde
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Dates: during 1940-1949
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...JAMES L. FORD...
...Ford went right to work. His Middle East man, Walter McKee, after talks with Israeli purchasing agents, sounded out the possibilities of an assembly plant near Haifa. The plant would import U.S. foremen and technicians to train unskilled Israeli labor in U.S. production techniques, wherever possible use Israel-made goods for parts...
Last week, while the talks about the plant were still going on, Ford and the Israelis signed their first big deal, a $4,000,000 contract for 1,800 U.S.-made trucks and buses, which Ford will start shipping this fall. The terms: Israel will put up 40%, or $1,600,000 in cash (from a $100 million credit already advanced by the Export-Import Bank), and Ford will give Israel a three-year credit for the 60% balance...
Israel was not giving Ford a monopoly; it also bought, for $1,000,000, 200 heavy duty White Motor Co. trucks. This week, the motor-hungry nation was negotiating a $3,000,000 deal with General Motors, and another $3,000,000 in contracts with seven other U.S. motormakers for a grand total of 4,800 trucks, buses and tractors. In addition, as soon as a formal peace can be signed with its Arab neighbors, Israel hoped to clinch the Ford plant in Haifa...
...elder Ford's weekly Dearborn Independent printed such anti-Semitic rantings as the spurious "Protocols of Zion." Hit with a $1,000,000 libel suit (he paid $75,000 out of court), Ford publicly disclaimed anti-Semitism and suspended the Independent...