Posted on 12/19/2008 7:32:47 AM PST by Cringing Negativism Network
Yep! I had a 1982 F-150 with the 300 inline 6 (company vehicle) manual shift. It was a joy to work on. You could actually change the plugs. I was offered a new truck to replace it in 1989 and declined. The company finaly decide to retire it in 1995. I won it in a bid for $250.
I was told yesterday by the finance officer of my local Ford dealorship, that Ford Motor has 18 billion in cash and has only asked for a possible credit line from the Feds.
As another poster put it, they are looking for a credit card instead of a payday loan.
The 18 Billion is cash was from a loan they took before the crisis. Ford hocked everything under the sun...even the Ford Logo to get that money.
I drive a F-150. Having said that, I find attitudes like yours of the ultimate hypocrisy.
What kind of cell phone do you own? What about the name brand on your television? Say, what about your home stereo, car radio, computers/printers, microwave, refrigerators, washing machine & dryer, coffee pot, electric razor, gps navigation system, tools.
What about the clothes you wear, or 99.99% of the non-food items that you buy at China-Mart?
But, yeah. You are are supporting America by driving the Silverado. Nice job.
I think they had wanted a 9 billion line of credit for in case they needed to tap it.
That’s all I’ve driven for the past 30 years. I love my Fords.
the China-Mart crack is old. Wal-Mart buys from suppliers from all over the world.
The GT really is retro cool. V8 muscle but with modern electronics. Heck, the V6 models look nice and can be had very reasonably right now. Plus, they me be the last of the breed.
..they may be...
I was going to buy myself a Dodge Charger SRT-8 for Christmas until Chrysler decided they wanted government money.
I've purchased American cars exclusively my whole life, but I think it is time for a change. A friend recently bought himself a Nissan GT-R and seems to be enjoying it. It is somewhat more expensive than the SRT-8, but still a bargain for what it is and Nissan doesn't seem intent upon robbing me via government force.
Chrysler is owned by Cerberus, for whom until recently I had a great deal of respect. I spend thousands of dollars a year on products from Cerberus-owned companies. Or at least I did.
As for Ford, I might consider some of their products except for the fact of knowing how they misspend the money they are given. They are my enemies in the culture war, and I will not willingly fund them.
While using anti-Japan language to criticize a Freeper for supporting non-union labor, you should perhaps throw in a few words of Marx’s German or perhaps Lenin’s Russian to explain your support of the UAW, which would move this nation to socialism if they could. A bailout of those unions gives them more power to accomplish that goal, of a worker-controlled industry overseen by their benefactors in government. Maybe if things work out, we can also use Hitler’s Austrian accent.
mmichaels1970 wrote:Actually, Ford's position is a little bit different than that. Ford is trying to pressure the feds (Congress, Treasury, anyone who is willing) to bail out GM and Chrysler.
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".
Ford says they don't need the money today, and they shouldn't need the money if the industry continues with all of the "Big Three" in operation. Ford is concerned that Chrysler or GM might fail, though, and that such a failure could have serious negative repercussions for Ford.
The big problem for Ford is that they share many suppliers with GM and Chrysler. If either of the others fails in a catastrophic way and disappears, it would also put additional stresses on all of the suppliers. Some of those would go out of business, and even the ones that don't might have to raise their prices to Ford. This would be to shift more of their fixed overhead to the parts that Ford is buying (to cover what they aren't making on selling parts to the failed compan[y/ies], GM and/or Chrysler).
So Ford wants a $9B line of credit. That's mostly to handle contingencies from a total failure at GM or Chrysler.
What Ford has been saying is, "You (Congress, treasury, whoever) have to bail out GM and Chrysler and they have to reorganize and succeed, and we need a $9B guaranty that you'll do that because if GM and/or Chrysler fails, we'll need that $9B to cover what the failure of the other(s) will cost us here at Ford."
yes but a fire hydrant sure tears a into the sheet metal
my fault pic to follow
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