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re: Threw this up on the OT but thought I might get more insight here
Posted on 3/9/15 at 10:56 pm to Lambdatiger1989
Posted on 3/9/15 at 10:56 pm to Lambdatiger1989
Ford didn't take the bailout that Chrysler and GM took - that's my answer.
2
Posted on 3/10/15 at 8:54 am to Shexter
quote:
Ford didn't take the bailout that Chrysler and GM took - that's my answer.
So can we assume you don't bank at Chase, Regions, Wells Fargo, Capital One, Iberia, Citi, or Bank of America. You probably don't use American Express card either.
Posted on 3/10/15 at 10:19 am to Shexter
quote:
Ford didn't take the bailout
You are correct, they didn't take it this time..
CEO Mulally had a “credit line” of up to $9 billion in case the economy worsened. He also lobbied for the bill because he didn't want the auto industry to collapse. Ford received $5.9 billion in government loans in 2009 to retool its manufacturing plants to produce more fuel-efficient cars, while the other 2 stood on their own. CEO Mulally also agreed to a $1 salary to "help" the cause..LOL
So at some point all big 3 have benefited from Government funding...
Buy what you like, its not like Obama was building the damn things.
This post was edited on 3/10/15 at 10:27 am
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