Ford reaches another milestone

Century-old Ford Motor Company has produced its 300 millionth US vehicle, a crimson red 2004 Mustang GT convertible driven off the assembly line by chairman Bill Ford Jr.

“It’s no secret to any of you that this is my favourite car in the world,” Ford told employees during a brief ceremony at the company’s Dearborn Assembly Plant, its oldest.

Ford is trying to engineer a turnaround at the world’s second-largest car-maker, which will introduce 40 new vehicles worldwide next year – including an all-new Mustang – and 200 new products globally in the next five years.