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
BB_TX wrote: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.
I'm not sure what the quoted text has to do with the rest of the post, but the part in the quote was about Ford Credit. That's Ford's financing arm. GMAC took $13.9 Billion.
