American Icon (75 page)

4.
“undemocratic”:
Vlasic and Hoffman, “Ford Family Unity Tested.”

5.
joined the Hare Krishnas:
Mark Truby and Bill Vlasic, “How Ford Family Saved Dynasty,”
Detroit News
, June 2, 2003.

6.
“boutique investment bank”:
Jenny Anderson and Landon Thomas Jr., “Boutique Bank Lands Ex-Goldman Star,”
New York Times
, January 14, 2006.

7.
“mergers and acquisitions pioneer”:
Adrian Cox, “Perella
Weinberg Raises More Than $1B for Boutique,” Bloomberg, June 15, 2006.

8.
“sage counsel”:
Andrew Ross Sorkin, “The Pressure of Great Expectations,”
New York Times
, April 27. 2007.

1.
“You’ve been fighting”:
Quoted in William C. Richards,
The Last Billionaire
(New York: Bantam Books, 1951), pp. 285–86.

2.
“Labor unions are the worst”:
Douglas Brinkley,
Wheels for the World
(New York: Viking, 2003), p. 426.

3.
“Detroit’s auto industry”:
Paul Ingrassia,
Crash Course: The American Automobile Industry’s Road from Glory to Disaster
(New York: Random House, 2010), p. 8.

4.
“I am absolutely not”:
This was on WWJ-950 on September 6, 2006.

5.
convinced 38,000 hourly workers:
Bryce G. Hoffman, “How 38,000 Were Enticed to Leave Ford,”
Detroit News
, December 4, 2006.

6.
a discount of about 70 cents:
Bryce G. Hoffman and Daniel Howes, “Ailing Ford Gets a Deal That Fits Its Needs,”
Detroit News
, November 5, 2007.

1.
“You can’t build a reputation”:
Attributed. The source is unknown.

2.
“I’ve seen him roll up his sleeves”:
Quoted in a piece by the author that appeared in the
Detroit News
on October 12, 2007.

3.
“This is a big deal”:
Ibid.

1.
“A business which can bring itself”:
Henry Ford, with Samuel Crowther,
Today and Tomorrow
(Garden City, NY: Doubleday, 1992), p. 32.

2.
did it thirty-three times:
Dial Torgerson,
Kerkorian: An American Success Story
(New York: Dial Press, 1974), p. 65.

3.
“We are fiscally conservative”:
Quoted in an article by the author that appeared in the
Detroit News
on January 25, 2008.

4.
“It’s pretty damn clear”:
Bill Vlasic,
Once Upon a Car: The Fall and Resurrection of America’s Big Three Auto Makers—GM, Ford, and Chrysler
(New York: William Morrow, 2011), p. 269.

1.
“Every depression is a challenge”:
Henry Ford, with Samuel Crowther,
My Life and Work
(Garden City, NY: Doubleday, 1922), p. 136.

2.
in a recession since December:
Emily Kaiser, “Recession Started in December 2007: Panel,” Reuters, December 1, 2008.

3.
rumors were spreading:
Bryan Burrough, “Bringing Down Bear Stearns,”
Vanity Fair
, August 2008.

4.
one out of every nine:
Eric Dash, “Auto Industry Feels the Pain
of Tight Credit,”
New York Times
, May 27, 2008.

5.
about 11 percent:
This information was provided by Ford during a briefing on May 22, 2008.

6.
“Ford has shown”:
Quoted in an article by the author that appeared in the
Detroit News
on June 5, 2008.

7.
“That’s right, I said it”:
Quoted in an article by the author that appeared in the
Detroit News
on August 12, 2008.

8.
over $4 a gallon:
U.S. Energy Information Administration.

9.
“You know, I think it’s really time”:
Bill Vlasic,
Once Upon a Car: The Fall and Resurrection of America’s Big Three Auto Makers—GM, Ford, and Chrysler
(New York: William Morrow, 2011), p. 286.

10.
“We’re doing it faster”:
Bryce G. Hoffman, “Ford Revs Up Big Move to Smaller Cars,”
Detroit News
, July 25, 2008.

1.
“Bankers play far”:
Henry Ford, with Samuel Crowther,
My Life and Work
(Garden City, NY: Doubleday, 1922), p. 176.

2.
biggest bankruptcy in U.S. history:
Sam Mamudi, “Lehman Folds with Record $613 Billion Debt,”
MarketWatch
, September 15, 2008.

1.
“When you get a whole country”:
Henry Ford, with Samuel Crowther,
My Life and Work
(Garden City, NY: Doubleday, 1922), p. 7.

2.
“For years, while foreign competitors”:
This quote is taken from the official text of Obama’s speech.

3.
GM was trying to blackmail:
Steven Rattner,
Overhaul: An Insider’s Account of the Obama Administration’s Emergency Rescue of the Auto Industry
(New York: Houghton Mifflin Harcourt, 2010), pp. 20–24.

1.
“Our help does not come”:
Henry Ford, with Samuel Crowther,
My Life and Work
(Garden City, NY: Doubleday, 1922), p. 7.

2.
emergency funding:
Dan Milmo, “Bush Sanctions Last-Ditch Rescue Plan for General Motors and Chrysler,”
Guardian
, December 12, 2008.

3.
The president gave:
Jeremy Pelofsky and John Crawley, “Bush Throws Lifeline to Auto Industry,” Reuters, December 19, 2008.

1.
“Then why flounder”:
Henry Ford, with Samuel Crowther,
My Life and Work
(Garden City, NY: Doubleday, 1922), p. 136.

2.
“This has turned out”:
Quoted in a story by the author that appeared in the
Detroit News
on December 31, 2008.

3.
“It would be really helpful”:
Steven Rattner,
Overhaul: An Insider’s Account of the Obama Administration’s
Emergency Rescue of the Auto Industry
(New York: Houghton Mifflin Harcourt, 2010), p. 47.

4.
reporters on Air Force One:
Ibid., p. 64.

5.
“We feel like we’re over a barrel”:
Quoted in a story by the author that appeared in the
Detroit News
on February 26, 2009.

6.
Obama had concluded:
Rattner,
Overhaul
, p. 46.

1.
“Unless you have courage”:
From
Theosophist
magazine, February 1930.

2.
“Ford made sure”:
Steven Rattner,
Overhaul: An Insider’s Account of the Obama Administration’s Emergency Rescue of the Auto Industry
(New York: Houghton Mifflin Harcourt, 2010), p. 205.

3.
most sought-after American car:
U.S. Department of Transportation press release, August 26, 2009.

4.
son of a farmer:
This information is taken from a profile prepared by the
China Daily
on March 27, 2006. It has been confirmed by Reuters and other sources.

5.
Geely KingKong:
Doug Young, “Geely’s Folksy Li Known as China’s Henry Ford,” Reuters, July 22, 2010.

6.
a team of advisers:
Kevin Krolicki, Niklas Pollard, and Fang Yan, “Saving Volvo,” Reuters, July 22, 2010.

7.
first full-year gain:
Ford press release, January 5, 2010.

1.
“Wealth is nothing”:
From
Theosophist
magazine, February 1930.

2.
August 28, 2009:
“Timeline—Toyota’s Rise and Run-up to Its Recall Crisis,” Reuters, February 9, 2010.

3.
“It will make us globally competitive”:
Quoted in a story by the author that appeared in the
Detroit News
on January 11, 2010.

4.
“Now we are here”:
Bruce Einhorn, “Alan Mulally’s Asian Sales Call,”
Bloomberg Businessweek
, April 1, 2010.

5.
more cash than debt:
Ford press release, April 1, 2011.

6.
now topped the list:
According to quarterly surveys by the Swiss investment bank UBS.

1.
“The only history”:
Quoted in the
Chicago Tribune
, May 25, 1916.