A New Model T for the Modern Era

Ford announces the winner of a design competition to create a new simple, affordable Model T for the 21st century

A century after the Model T put the world on wheels, Ford Motor Company has announced the winners of a global competition that challenged five universities to create a similarly revolutionary vehicle concept. The winner of the competition was Germany's Aachen University's Institute of Automotive Engineering (ika), which took home the USD$25,000 in scholarship funds by developing a concept that met the requirements set by Ford: the vehicle had to be simple, lightweight, practical, and durable, offer a range of at least 125 miles, accommodate at least two passengers and be priced no more than $7,000.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.