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06-08-2009, 12:35 PM
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CD News Reporter
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Join Date: Jan 2007
13,359 posts, read 8,541,461 times
Reputation: 5426
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News, Ford pulls its weight without bailout funds.
Amid bankruptcies and forecasts of Detroit doom, one of the Big Three is hanging tough. Ford tough.
Once defined by the revolutionary Model T, Ford is motoring on without federal bailouts, Treasury-led restructurings or bankruptcy judges.
Ford pulls its weight without bailout funds - Washington Times |
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06-08-2009, 07:39 PM
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Senior Member
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Join Date: Mar 2007
833 posts, read 460,228 times
Reputation: 297
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Quote:
Originally Posted by John1960
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The downside is that Ford is still saddled with many of the fixed costs that the government ownership / bankrupcy proceedings will remove from the others. However, the huge upside is that Ford will be free to plan product development withough government intervention. My bet is that what Ford builds will be hugely more profitable than what the government will dictate to the others.
Anyone with a basic understanding of the automotive cost structure sees that the upside potential past the break even is breathtaking for Ford. |
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06-08-2009, 09:35 PM
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Senior Member
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Join Date: Apr 2007
2,925 posts, read 2,731,225 times
Reputation: 765
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I think we may see a lot of former GM and Chrysler buyers who want to buy american, jumping ship to Ford.
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06-08-2009, 09:46 PM
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USA-CA-L.A. Metro-Orange County-Mission Viejo
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Join Date: Jul 2007
Location: Mission Viejo, CA
2,324 posts, read 2,103,473 times
Reputation: 986
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Glad to see a story on this. Ford has sort of been out of the news lately and overshadowed by the disasters at GM and Chrysler. Ford still has a LONG way to go, but I am proud we have one American automaker trying to do this on its own. Downsizing and getting rid of stuff like Jaguar and Land Rover were just one of many changes Ford managed to do soon enough.
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06-08-2009, 09:48 PM
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Senior Member
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Join Date: May 2009
616 posts, read 230,859 times
Reputation: 284
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I'm planning on getting an F150, where before it was going to be a ram or an american built tundra as my 2nd choice
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