AUTOS: Ford Furor

To the Ford Motor Co. it looked like a simple business deal: Ford wanted to buy complete control of its British subsidiary by paying about $20.50 per share for a stock that was selling in London for $12.88 per share. But as the stock price soared nearly $7 on the news last week, British tempers soared even higher. "Kill this sellout. Britain's economic independence is at stake," screamed Lord Beaverbrook's Evening Standard. Intoned the Daily Express: "The British Empire comes before the Ford empire." The Financial Times warned soberly that since British...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!