One of the oldest surviving cars sold by Ford Motor Co. is back in the hands of the Ford family.
Karl Henkel of the Detroit News reports that Bill Ford Jr., executive chairman of the Dearborn automaker, was the winning bidder — spending $264,000 — in an auction earlier this fall for an original 1903 Ford Model A Rear Entry Tonneau.
"The timing was perfect to bring this key part of Ford heritage back to the family as we celebrate the 150th anniversary of my great-grandfather's birth and his vision to improve people's lives by making cars affordable for the average family," Bill Ford said in a statement Tuesday.
The car is now in Dearborn, where it will help kick off a yearlong celebration of the 150th anniversary of Henry Ford's birth. Henry Ford was founder of Ford Motor Co.
