Ford Gets 9.2 Billion Bailout errrr Loan
This is just crazy stuff right here. I suppose the utility companies will be receiving their bailout loans soon to build green power generator plants? The cart is ahead of horse as usual. Link
Forum Discussion
BB_TX wrote:StonedPanther wrote:BB_TX wrote:
Lot of difference between a loan to a financially stable and viable company and giving money to one that is not.
Sure is LOL
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Ford had a $2 billion loss in expected profits, and yet still had a year end profit of $10.4 billion. I call that financially stable and viable.
Fords $2 billion loss was due to their EV division and Quality issues resulting in too many warranty repairs. Ford's CEO Farley (who needs to be fired) stated it will rely on it's ICE division to financially support it's EV division while he lays off ICE division employees.
