re: Ford dramatically scaling back new EV facility, losing billions.

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Government Motors got the bailout, not Ford.

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More than a decade after the last economic crisis, Ford Motor Company is still paying down a fat government loan created by Congress at the start of the Great Recession to aid automakers with factory projects. Critics at the time focused on General Motors and Chrysler, each declaring bankruptcy and accepting government bailout loans through the U.S. Treasury Department's Troubled Asset Relief Program (TARP) to reorganize during the auto crisis that hammered the industry between 2008 and 2010. Meanwhile, Ford took a different path.

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But in the end, it accepted a government loan, too. The debt remains on Ford books today as the company navigates a pandemic. In September 2009, Ford entered into an agreement with the Department of Energy and borrowed $5.9 billion as part of a loan program created to finance automotive projects designed to help vehicles built in the U.S. meet higher mileage requirements and lessen U.S. dependence on foreign oil.

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