Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Ford says does it not need short-term loans from bailout (Not So Fast. Asking for $9 Bil (rumor)?)
December 19 2008

Posted on 12/19/2008 7:32:47 AM PST by Cringing Negativism Network

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-77 next last
To: al baby; Cringing Negativism Network

Everyone I know with Toyota trucks (made in the USA) are very, very happy with them and rave about the value and ‘toughness’.


41 posted on 12/19/2008 7:59:04 AM PST by mnehring (Happy Holy-Days!)
[ Post Reply | Private Reply | To 37 | View Replies]

To: Red Badger

Typical. Can Ford et al make money on 45K cars? I thought Ford’s reissue T-bird was a neat looking car but they priced it very high for a very non-innovative car. IMO they could have sold lots of those in the low 20’s but IIRC, it was priced up near the 40K range and for what?


42 posted on 12/19/2008 7:59:26 AM PST by Attention Surplus Disorder (Our government is an edifice of artifice.)
[ Post Reply | Private Reply | To 23 | View Replies]

To: HamiltonJay

Oh, I agree, I didn’t buy GM for the long term, I thought it would be a good short term bet (and it is as it is about $4.24 now, about 3x my purchase price)..

Ford I will hold on for the long run. Although I am not crazy about their products, financially they see to be hanging on better.

You are right though, this is the time to get in, not just with F but there are a lot of undervalued stocks out there.


43 posted on 12/19/2008 8:00:45 AM PST by mnehring (Happy Holy-Days!)
[ Post Reply | Private Reply | To 40 | View Replies]

To: Cringing Negativism Network; All

I rather be a Toyota Republican than a Ford UAW Rat..


44 posted on 12/19/2008 8:02:54 AM PST by KevinDavis (Thomas Jefferson: A little rebellion now and then is a good thing)
[ Post Reply | Private Reply | To 7 | View Replies]

To: TChris
I also don't hate the Japanese over Pearl Harbor.

Outside of a handful of exceptions, all the Japanese people involved in the attack on Pearl Harbor on December 7, 1942 are deceased. Gone. The Japanese culture isn't bent on the destruction of the US - that mindset is reserved for Muslims, Democrats, and apparently RINOs.

The UAW today is far more destructive to this country because they have a compliant gang of rulers in Washington that will gladly carry their water.

45 posted on 12/19/2008 8:03:18 AM PST by meyer (We are all John Galt)
[ Post Reply | Private Reply | To 16 | View Replies]

To: Cringing Negativism Network; mmichaels1970; Orange1998
Orange is right, just checked Ford's press releases, they are asking for $9 Billion. They are just playing world games (smartly).

Ford Motor Company Welcomes Action to Provide Emergency Funding to GM and Chrysler

....Ford is asking for access to a line of credit of up to $9 billion in bridge financing..

They are parsing it a words asking for 'financing' instead of a bailout...

46 posted on 12/19/2008 8:04:17 AM PST by mnehring (Happy Holy-Days!)
[ Post Reply | Private Reply | To 33 | View Replies]

To: Cringing Negativism Network

Ford has been closing Plants in North America for years and building all over the world.

I just counted Ford plants on Wikipedia
91 foreign plants (includes 3 in Canada) (closed 4 in Canada in last three years)
29 US plants

And Ford is the in better shape of the Big three because of closing 14 plants in the US in the last two years.
Nothing wrong with Unions but Union leaders are a problem.

http://en.wikipedia.org/wiki/Ford_assembly_plants

Most advanced auto plant in world:
Video of Brazil Plant
This is VERY interesting .. it is a short video of a new Ford plant in Brazil. One look at this and you will be able to tell why there will probably never be another assembly plant built in the USA. It will also point out why more assembly plants will go offshore. After you watch this, you really need to decide if we can afford to throw more money away on a futile cause - because those companies are never going to be able to change enough to be successful until the UAW is willing to make some huge changes. And that seems unlikely.

http://lonestartimes.com/2008/12/08/ford-owns-the-most-advanced-auto-plant-in-the-worldin-brazil/


47 posted on 12/19/2008 8:04:37 AM PST by golfisnr1 (Democrats are like roaches - hard to get rid of.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red_Devil 232

Any inline is the best engine you will ever own.. Whether it be a small I-4 in a subcompact, or an I6 in a passenger car, or a big I6 in a truck.

Inline engines in my experience just run, V gives you more power per size, but not nearly as reliable over the long haul.


48 posted on 12/19/2008 8:05:13 AM PST by HamiltonJay
[ Post Reply | Private Reply | To 26 | View Replies]

To: meyer; TChris
The Japanese culture isn't bent on the destruction of the US

Shoot, next to the UK, they are one of our strongest allies.

49 posted on 12/19/2008 8:05:13 AM PST by mnehring (Happy Holy-Days!)
[ Post Reply | Private Reply | To 45 | View Replies]

To: mnehrling
They are parsing it a words asking for 'financing' instead of a bailout...

Ok. So, if I understand correctly...Ford doesn't want a CHECK for 9B. They simply want to make periodic withdrawals from the Government as times dictate and as they see fit for an amount totalling a maximum of 9B.

GM and Chrysler got more like "payday loans", and Ford wants a "credit card".
50 posted on 12/19/2008 8:09:25 AM PST by mmichaels1970
[ Post Reply | Private Reply | To 46 | View Replies]

To: mmichaels1970

That sounds like it.


51 posted on 12/19/2008 8:10:38 AM PST by mnehring (Happy Holy-Days!)
[ Post Reply | Private Reply | To 50 | View Replies]

To: PapaBear3625

“Ford has decided that they really don’t want the strings that would be attached to the bailout.”

Yeah, I think they will market it as some kind of “gallant” gesture, which is just fine with me, but in truth they will now have the ability to produce cars that many Americans will want and they won’t have to split that market with the other two auto makers.


52 posted on 12/19/2008 8:10:53 AM PST by incredulous joe ("No road is long with good company. " - Turkish Proverb)
[ Post Reply | Private Reply | To 6 | View Replies]

To: mnehrling

Oh yea, lots of stocks are getting punished that have no reason to be... another one is Manitowoc Crane Company.

They don’t have a realistic competatory threat on the planet, they own what they do and no one is coming up behind them in any serious way, yet the stock is taking a beating just because of fear.

There are a lot of long term plays out there.


53 posted on 12/19/2008 8:11:53 AM PST by HamiltonJay
[ Post Reply | Private Reply | To 43 | View Replies]

To: mnehrling

I can’t believe the PR just after the GM Chrysler loan. Go to your banker and tell him this and he will look very confused.


54 posted on 12/19/2008 8:14:50 AM PST by Orange1998
[ Post Reply | Private Reply | To 46 | View Replies]

To: HamiltonJay

Manitowoc Crane Company, 3.67PE, share price at $8.67, EPS 2.37, $1.1B market cap.. that is one to look into.


55 posted on 12/19/2008 8:14:50 AM PST by mnehring (Happy Holy-Days!)
[ Post Reply | Private Reply | To 53 | View Replies]

To: Orange1998

I think the PR part is exactly what the article here was intended to do, drive Customers away from those getting a ‘bailout’ and to Ford...


56 posted on 12/19/2008 8:16:10 AM PST by mnehring (Happy Holy-Days!)
[ Post Reply | Private Reply | To 54 | View Replies]

To: mnehrling
They said it only took about $250 in parts to fix and they saw that all the time...

So then the stuff about the compression being too high was all wrong?

You can't change an engine's compression for $250 in parts. Replacing an oil pump would cost about $250 though.

57 posted on 12/19/2008 8:19:21 AM PST by TChris (So many useful idiots...)
[ Post Reply | Private Reply | To 39 | View Replies]

To: TChris

I didn’t get into too much detail. The former mechanic at the Dodge dealer just said it would be easy to fix and they where told push it off on the customers.

I wonder if the GM dealer forced Chrysler to honor the warranty?


58 posted on 12/19/2008 8:21:48 AM PST by mnehring (Happy Holy-Days!)
[ Post Reply | Private Reply | To 57 | View Replies]

To: Orange1998

Thanks for your skepticism and/or for being so observant. I’d have bought into the PR hook, line, and sinker.


59 posted on 12/19/2008 8:23:20 AM PST by mmichaels1970
[ Post Reply | Private Reply | To 54 | View Replies]

To: Cringing Negativism Network

“Now get out there FReepers, and go buy a Ford”

Just as soon as they come up with something I want to buy. Here is a hint http://www.vospers.com/Commercial/Ford/FordRanger.aspx


60 posted on 12/19/2008 8:24:08 AM PST by Peter Horry (We shouldn't accept things just because somebody says so .... Dixie Lee Ray)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-77 next last

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.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson