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SVTPerformance's Chain of Restaurants
Road Side Pub
General Motors Strike
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<blockquote data-quote="offroadkarter" data-source="post: 16294135" data-attributes="member: 79484"><p>Well, if you read into your article deeper, it shows twice that Ford did not get a "bailout", they got a loan from the energy department which went toward developing more efficient vehicles. </p><p></p><p>"On June 23, 2009, Ford received a $5.9 billion loan from the Energy Department's Advanced Technology Vehicles Manufacturing program. In return, it pledged to accelerate development of both hybrid and battery-powered vehicles, close dealerships, and sell Volvo. It upgraded factories in Illinois, Kentucky, Michigan, Missouri, and Ohio to produce hybrid vehicles"</p><p></p><p>As others have said, loan != bailout. Ford was already in bad financial shape around the time the terminator came out. When Alan Mulally took over he started to right the wrongs of Jacques Nasser (like dissolving the premium auto group or whatever it was callled).</p><p></p><p>I'm not saying Ford is a company without sin, I'm saying they're the only company of the big 3 who weren't owned by the government and aren't currently owned by the Italians.</p><p></p><p>Sent from my SM-G930U using Tapatalk</p></blockquote><p></p>
[QUOTE="offroadkarter, post: 16294135, member: 79484"] Well, if you read into your article deeper, it shows twice that Ford did not get a "bailout", they got a loan from the energy department which went toward developing more efficient vehicles. "On June 23, 2009, Ford received a $5.9 billion loan from the Energy Department's Advanced Technology Vehicles Manufacturing program. In return, it pledged to accelerate development of both hybrid and battery-powered vehicles, close dealerships, and sell Volvo. It upgraded factories in Illinois, Kentucky, Michigan, Missouri, and Ohio to produce hybrid vehicles" As others have said, loan != bailout. Ford was already in bad financial shape around the time the terminator came out. When Alan Mulally took over he started to right the wrongs of Jacques Nasser (like dissolving the premium auto group or whatever it was callled). I'm not saying Ford is a company without sin, I'm saying they're the only company of the big 3 who weren't owned by the government and aren't currently owned by the Italians. Sent from my SM-G930U using Tapatalk [/QUOTE]
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