F-Series trucks # 1 for 40 years
Am surprised that no-one posted anything about this yesterday that it was reported that Fords F-series have been the #1 selling truck for 40 years. Not being a smart alec just cuz I own a Ford, just s...
Forum Discussion
proxim2020 wrote:
............ Ford Credit received almost $16 billion from the government. Ford's financial arm borrowed more than any other competitor. The fact is everybody got bailed out in one way or another.
The government put $49.5 billion into GM, and got $39 billion back. A $10.5 billion loss.
GM bailout
GM and Chrysler went thru government structured bankruptcies.
Ford borrowed $5.9 billion from the energy department and used it to upgrade its manufacturing plants and vehicles, not for a bailout. And they asked for a $9 billion credit line in case of further downturn. And why not use it if the money was available. Good business sense.
Ford loan details
Ford was for the GM/Chrysler bailout as a failure of one or both of GM/Chrysler would have negatively affected Ford's business.
