Demise
Acquired by Ford Motor Company on December 11, 1961 and renamed Philco-Ford in 1966, it continued to make many car radios for Ford vehicles as well as its other products. Eventually, the name was abandoned. Ford sold Philco to General Telephone and Electronics (GTE, who also owned Sylvania) in 1974. The Aerospace portion of Philco Ford was renamed Ford Aerospace in 1976.
The company was acquired from GTE by Philips in 1981 in order to gain the rights to use the Philips trademark in the United States (Philco had been able to keep Philips from using its trademark legally because of the similarly sounding names). Philips continues to use the Philco name for promotional consumer electronics and has licensed the name for private brands and retro style consumer electronics. Philips also licensed the Philco brand name to Funai for digital converter boxes for analog TVs in the USA.
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