Ford Motor Company was founded in 1903 by Henry Ford. Some key events in Ford's history include the introduction of the Model T in 1908, adoption of the five-dollar workday in 1914, acquisition of Lincoln Motor Company in 1922, and entry into the Indian market in 1995 through a joint venture with Mahindra & Mahindra. Currently, Ford is the second largest automaker in the US and eighth largest globally. In India, Ford's top-selling models include the EcoSport, Figo, and Endeavor. Ford has announced a $1 billion investment to expand its Indian manufacturing plant in Gujarat, which will increase production capacity by 50% as Asia and India are seen as potential growth markets