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Ford vs. GM: The IPOs of a Changing America

While GM's IPO drew considerable investor excitement, it has also drawn attention to how much the auto industry has changed in the last few decades. Less than sixty years ago, on January 17, 1956, the Ford Motor Company had its own IPO -- the largest in history up to that time -- in an economy in which U.S. industrial might was the envy of the world and American cars represented the apex of the automotive pyramid.