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Ford Media Center
On May 19, 2018, Mecum Auctions presented a limited edition 2017 Ford GT for auction at its Spring Classic Auction in Indianapolis, Indiana, attracting global media attention that potentially caused confusion with Ford GT owners and the general public.
Ford brought action against Mecum in Marion County, Indiana. Ford and Mecum are pleased to announce that all matters subject of the litigation have been resolved and settled on terms that are designed to promote mutual good will and business respect.
The litigation settlement clears up any lingering confusion that surrounds the Ford GT ownership agreement and its enforceability. While the terms of the settlement agreement are and will remain confidential, Mecum and Ford agree as follows:
Final orders dismissing all matters in controversy have been entered by the Marion County Commercial Court. Ford and Mecum jointly urge that all original purchasers of Ford GTs abide by the terms of their agreements in order to avoid controversy.
Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, committed to helping build a better world, where every person is free to move and pursue their dreams. The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with customers to enrich experiences for customers and deepen their loyalty. Ford develops and delivers innovative, must-have Ford trucks, sport utility vehicles, commercial vans and cars and Lincoln luxury vehicles, along with connected services. The company does that through three customer-centered business segments: Ford Blue, engineering iconic gas-powered and hybrid vehicles; Ford Model e, inventing breakthrough EVs along with embedded software that defines exceptional digital experiences for all customers; and Ford Pro, helping commercial customers transform and expand their businesses with vehicles and services tailored to their needs. Additionally, Ford is pursuing mobility solutions through Ford Next, and provides financial services through Ford Motor Credit Company. Ford employs about 177,000 people worldwide. More information about the company and its products and services is available at corporate.ford.com.