Ford borrows 16 Billion$$$$$!!!
#1
12-25-2006
Join Date: Nov 2005
Location: osage,ia
Posts: 228
Likes: 0
Received 0 Likes
on
0 Posts
Ford borrows 16 Billion$$$$$!!!
The beginning of the end is near for Ford (Chevy too). I just read somewhere that Ford borrowed 16 or 18 Billion dollars, I forgot the exact figure, either way it's bigger numbers then any of us you ever need to use.
So, what does this mean? Toyota is now the #2 seller with GM still #1 for who knows how much longer. Sad but true....our US automakers are in big trouble.
Can you imagine the interest on 16 Billion dollars. Holly $hit! Good luck Ford, you'll need it.
So, what does this mean? Toyota is now the #2 seller with GM still #1 for who knows how much longer. Sad but true....our US automakers are in big trouble.
Can you imagine the interest on 16 Billion dollars. Holly $hit! Good luck Ford, you'll need it.
#4
12-25-2006
Join Date: Jan 2006
Location: Huntsville, Tx
Posts: 827
Likes: 0
Received 0 Likes
on
0 Posts
#5
12-25-2006
#6
12-25-2006
Join Date: Sep 2006
Location: denville
Posts: 194
Likes: 0
Received 0 Likes
on
0 Posts
#8
12-25-2006
I dont want to burst your bubble here. but if GM is in the number 1 sales position, that means the end is nowhere near for Chevy, since GM owns them
#9
12-25-2006
Join Date: Jun 2004
Location: Exit 105 New Jersey
Posts: 2,409
Likes: 0
Received 0 Likes
on
0 Posts
#10
12-25-2006
Join Date: May 2005
Location: The ILL State
Posts: 1,297
Likes: 0
Received 0 Likes
on
0 Posts
#12
12-25-2006
Join Date: Jun 2004
Location: Exit 105 New Jersey
Posts: 2,409
Likes: 0
Received 0 Likes
on
0 Posts
#14
12-25-2006
#17
12-25-2006
Join Date: May 2005
Location: The ILL State
Posts: 1,297
Likes: 0
Received 0 Likes
on
0 Posts
#18
12-26-2006
Join Date: Feb 2005
Location: Cedar Hill, TX
Posts: 657
Likes: 0
Received 0 Likes
on
0 Posts
Ford wont go out of Business. Neither will GM. What youre seeing here is Ford and GM arent getting as big of a piece of pie as they used to.
Its kind of like this:
My boss owns a single self storage facility. Its a very nice facility, pretty state of the art. Before 6 months ago, we were the only one that was in our area that had the features we do. We were doing great! Now we have 2 newer competitors taking some business from us. We arent hurting, but we sure as heck arent drawing in money like we did before 6 months ago.
Ford and GM just having to share now and since they arent used to it, it just looks like they are suffering. Really, all in all, this means good things for the consumer.
Its kind of like this:
My boss owns a single self storage facility. Its a very nice facility, pretty state of the art. Before 6 months ago, we were the only one that was in our area that had the features we do. We were doing great! Now we have 2 newer competitors taking some business from us. We arent hurting, but we sure as heck arent drawing in money like we did before 6 months ago.
Ford and GM just having to share now and since they arent used to it, it just looks like they are suffering. Really, all in all, this means good things for the consumer.
#19
12-26-2006
Unregistered User
Posts: n/a
Originally Posted by 2003stealthedge
the government will never let ford go under too many jobs would be lost, it would be the same situation they did with the airlines
What we need to do is lobby our government to either :
1.) Take away the tax breaks to forign competitors whom open shop here
2.) Tax away the tax levies put on the ' big 3 ' the Japs don't have to make the field equal.
Heres something people need to look at .
Why is it Jap cars seem cheaper in cost then Americans? They use teh same labor market, the same industries.. same transports.. same service centers..
While our companies are trying to be competitive, the Jap companies are using those tax incentives to lower prices while maintaining the same profit levels as the Big 3.
Tax them the same and watch the rice producers start making their products back on Honshu again. I guarentee it.
#20
12-26-2006
Join Date: Oct 2006
Location: Right here!
Posts: 157
Likes: 0
Received 0 Likes
on
0 Posts
I doubt Ford will go anywhere anytime soon, the Federal Government would bail them out first to save the jobs.
Part of the problem is that too many people are brain washed that the imports are better in some way. Myself I just don't see it. I worked for Ford dealers for over 15 years and spent time with both Ford and GM as well, and several dealers that I was at also had import franchises. We hated the imports, they were hard to work on, parts were expensive, and they didn't take the punishment that the American vehicles did.
I have owned mostly nothing but Ford vehicles, with a few Mopar and GM vehicles here and there (with the exeption of two Toyotas a few older air cooled VWs and a Mercedes). All of my Mopar's were older, except for a few later vans that came to me in a package deal, (they came with a buyout and it's been cheaper to keep rebuilding them than to buy new). When it comes to trucks, Ford is the only game in town when it comes to quality. While all vehicles have their problems, Ford just seems to be the most trouble free.
Part of the problem is that too many people are brain washed that the imports are better in some way. Myself I just don't see it. I worked for Ford dealers for over 15 years and spent time with both Ford and GM as well, and several dealers that I was at also had import franchises. We hated the imports, they were hard to work on, parts were expensive, and they didn't take the punishment that the American vehicles did.
I have owned mostly nothing but Ford vehicles, with a few Mopar and GM vehicles here and there (with the exeption of two Toyotas a few older air cooled VWs and a Mercedes). All of my Mopar's were older, except for a few later vans that came to me in a package deal, (they came with a buyout and it's been cheaper to keep rebuilding them than to buy new). When it comes to trucks, Ford is the only game in town when it comes to quality. While all vehicles have their problems, Ford just seems to be the most trouble free.
#21
12-26-2006
Join Date: Nov 2006
Location: Pawcatuck, CT
Posts: 219
Likes: 0
Received 0 Likes
on
0 Posts
Here's strange concept....... post all the info instead just what you want others to read....
http://www.chicagotribune.com/busine...i-business-hed
http://www.chicagotribune.com/busine...i-business-hed
#22
12-26-2006
Originally Posted by D.
Why is it Jap cars seem cheaper in cost then Americans? They use teh same labor market, the same industries.. same transports.. same service centers..
#23
12-26-2006
#24
12-26-2006
Join Date: Dec 2005
Location: Wyoming MN
Posts: 2,400
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by FMD
according to some high ranking Govt officials, the economy is booming.
~HJ
#25
12-26-2006
Originally Posted by HAZZARDJOHN
The Economy is Booming! The Dow is over 12,000! More than ever in the history of the Dow. Just becasue Ford is doing lousy doesn't mean that things are bad. Unemployment is lower than it was pre 9/11. Just becasue the media reports it as bad doesn't mean it's true. Get the figures yourself. When the Dow broke the Recaor this fall you heard little to no Coverage, but when it broke 10K over the .com boom in the mid 90's it was plastered all over the news! " look what this Democrat president did for the economy!" Now if the media was truly unbiased, the Headlines would be plastered with headlines saying how Bush turned the economy around, But alas nothing. And people who skim the news paper think the economy and unemployment is in the toilet.
~HJ
~HJ
the economy is BOOMING! unemployment is at about 4%...that is the lowest it has been since they started recording it.......
again i will say what is hurting the American auto industry is the unions (i am by no means against unions, but they had their day and time when they were good).........shoot......getting paid $30 an hour to put on emblems is rediculs....
