wouldn't you rather drive a ford, aparently not

[WDixon27]

http://news.yahoo.com/s/ap/20070125/ap_on_bi_ge/earns_ford

 

[biggieou]

To stick up for the company that I truly love, a lot of those losses are attributed to the restructuring plan. Ford either had to bite the bullet now restructuring, or bite it later with possibly much bigger repercussions. I sure hope Ford gets it's act together, they have some nice vehicles and some not so nice. I sure hope the new 6. 4 is closer to the 7. 3 then the 6. 0 in reliability.

 

[Dl5treez]

Through the mid 70's and into the 80's it was Chrysler who needed the government grants and serious financial restructuring to keep from going bankrupt. Nothing like being able to use taxpayer money to pay off some $600 million in debt at 30 cents on the dollar.



At least--for now--FoMoCo has enough hard cash to keep themselves operating without taxpayer 'grants' to stay afloat.



Back then people made fun of Dodge, too.

 

[BHaden]

Through the mid 70's and into the 80's it was Chrysler who needed the government grants and serious financial restructuring to keep from going bankrupt. Nothing like being able to use taxpayer money to pay off some $600 million in debt at 30 cents on the dollar.



At least--for now--FoMoCo has enough hard cash to keep themselves operating without taxpayer 'grants' to stay afloat.



Back then people made fun of Dodge, too.

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Chrysler didn't actually use any taxpayer money. It was just a guarantee, put in place by the Feds to re-assure the banks and whoever was loaning money to get them back on their feet. I'm still have mixed feelings on the concept although it seemed to work. Where would we be now if Chrysler had gone under? A world with no Cummins/Dodge PUs??

 

[hammersley]

I'm afraid that this is the beginning of the end for FORD....

I'll bet that you will see them taken over by another -

 

[Dl5treez]

*********************************************************



Chrysler didn't actually use any taxpayer money. It was just a guarantee, put in place by the Feds to re-assure the banks and whoever was loaning money to get them back on their feet. I'm still have mixed feelings on the concept although it seemed to work. Where would we be now if Chrysler had gone under? A world with no Cummins/Dodge PUs??

Thank you for the clarification. I'd heard both versions and just located the 1979 Guarantee Act online, so it makes more sense now.



Either way, FoMoCo has enough cash-in-hand to operate until the turnaround. Fortunately for them; sure would hate to see an American icon like Ford Motor Company shut the doors...

 

[Royk]

About 4 or 5 years ago, their stock topped out at $52 or $54 per share. Three years ago it was $18-$21. Today it closed at $8. 37.

 

[Texas Diesel]

I hope Ford makes it even though I am not a Ford fan.



But wouldnt you rather see Fords on the road then pretend trucks from Nissan, Toyota and Honda?



I think the UAW could grant some concessions for this rough period. A story I read said that GM spends $34 per hour, per current employee in retiree benefits.



Give that, there isnt much hope that any American company will survive.

 

[RGardner]

Could be a good time to pick up some ford stock cheap.