Any auto company that accepts bailout money will not get a penny of mine...other than what is taken in taxes.
To clarify, this is only Ford Credit, not the entire company.
Ford Motor Company’s position has not changed. We did not and are not seeking short-term financial assistance for our automotive operations from the government. What is in the news is Ford Credit’s discussions with the government regarding ways to restore liquidity to the financial markets to help us provide financing to our customers and dealers. We have been maintaining ongoing dialogue with the government on ideas to help unfreeze the credit markets. Ford Credit already has taken advantage of the Federal Reserve’s Commercial Paper Funding Facility. Ford Credit also has been seeking access to TALF, Treasury’s Term Asset Backed Securities Loan Facility, as well as FDIC approval of an application to establish an industrial loan corporation. Access to these credit facilities would help make credit available for customers to purchase new cars and trucks.
Scott Monty
Global Digital Communications
Ford Motor Company