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William Clay Ford, the last surviving grandchild of automotive innovator Henry Ford and owner of the Detroit Lions, died Sunday of pneumonia at the age of 88. Ford, who served as Ford Motor Company's director emeritus, died at his home, the company said in a statement. Having bought the Lions in 1963 for $4.5 million, Ford would have turned 89 on Saturday. He was the largest individual shareholder at Ford, serving as a board member and employee for 57 years after joining the company in 1949 upon graduation from Yale University.