Posted on 11/11/2008 11:52:39 AM PST by Troll_House_Cookies
--------SNIP-------------
As the Detroit three weather a year that would test any company's worst-case scenario, Ford Motor is by most measures in the least precarious position.
Ford borrowed $23.4bn in late 2006, managing to build a cash cushion before the credit crisis hit.
While General Motors faces rising financial losses and a pullback of car loans by GMAC, the financing arm it co-owns with buy-out group Cerberus, Ford reported a profit of $159m from financial services in the third quarter.
------SNIP------------------
(Excerpt) Read more at ft.com ...
Welcome to FR, is your name indicative of your status?
No, I’ve had this handle since back when I used to post on the Yahoo! message boards that accompanied their articles. Remember those? Before they got shut down? I’m a lurker who just recently decided to get a handle on here and participate.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.