โNov-08-2014 02:20 PM
โDec-01-2014 08:34 PM
No company was a bigger beneficiary of the DOEโs green car funding initiative than Ford. It received two-thirds of the $8.8 billion loaned under the departmentโs Advanced Technology Vehicle Manufacturing program. Congress appropriated $25 billion for that program in late 2008, during the waning days of the BUSH ADMINISTRATION
โDec-01-2014 08:31 PM
Atlee wrote:
When did Ford borrow money from the government. I know for a fact Ford, a little before the crash, had mortgaged the entire company, including the Blue Oval, to fund a lot of R&D and other major projects.
Itโs been three years since General Motors and Chrysler filed for bankruptcy, but with the political season in full swing, the two presidential candidates have put the auto industry bailouts back in the public eye, at least through the November election. Yet thereโs only one Detroit automaker still in hock to U.S. taxpayers and โ guess what? โ itโs not GM or Chrysler.
Ford Motor owes the government $5.9 billion it borrowed in June 2009, the same month GM filed for bankruptcy. By Sept. 15, Ford needs to start paying that money back. In a government filing, the carmaker said $577 million is due within the next year, and the full amount must be paid off by June 15, 2022.
The Obama Administration, dreaming of a million electric cars on the road by 2015, loaned Ford the money to help it pay for development of hybrids and EVs, and to retool its factories to produce smaller, cleaner vehicles. While not characterized as a โbailoutโ by any means, letโs be honest: Fordโs loan โ received at a critical time when other sources of financing werenโt available to automakers or their suppliers โ no doubt helped the carmaker survive the industry crisis and contributed to its strong market position today, especially after the Obama Administration finalized tougher fuel economy rules this week.
Indeed, lest we forget: the feds in 2009 were handing out fistfuls of cash to bolster the auto industry, beyond the $64 billion used to bail out GM and Chrysler. Treasury staked another $18.7 billion on rescuing the companiesโ auto lending affiliates (it still owns 74% of Ally, formerly known as GMAC). And the Energy Department doled out billions more to Ford and others to preserve auto-making jobs in the U.S. while steering the industry toward cleaner vehicles.
โWe have an historic opportunity to help ensure that the next generation of fuel-efficient cars and trucks are made in America,โ President Barack Obama said in a statement on June 23, 2009 announcing the loans to Ford and two others. Energy Secretary Steven Chu added: โBy supporting key technologies and sound business plans, we can jumpstart the production of fuel efficient vehicles in America. These investments will come back to our country many times over โ by creating new jobs, reducing our dependence on oil, and reducing our greenhouse gas emissions.โ
No company was a bigger beneficiary of the DOEโs green car funding initiative than Ford. It received two-thirds of the $8.8 billion loaned under the departmentโs Advanced Technology Vehicle Manufacturing program. Congress appropriated $25 billion for that program in late 2008, during the waning days of the Bush Administration, around the same time the auto company CEOs were getting grilled on Capitol Hill.
The other ATVM recipients were Nissan ($1.6 billion), Tesla Motors ($465 million), Fisker Automotive ($529 million) and the Vehicle Production Group ($50 million), a start-up company promoting a handicapped-accessible van that runs on natural gas.
โNov-30-2014 03:13 PM
โNov-28-2014 09:03 AM
Marcusjolaine wrote:IndyCamp wrote:fx2tom wrote:
And for the record, Ford borrowed money from the government. True, it was a loan, but why did they go to the government and not the banks? Do you think they got better rates? That's the same as a subsidy provided by the taxpayers.
โNov-28-2014 06:51 AM
Passin Thru wrote:
2006 Chevy, Duramax 420 HP, Allison 6 speed, 2004 Arctic Fox 31W, weigh 18500 loaded. 10.9 MPG towing to CO and back to VA at 67 MPH
I hear people brag all the time about their fuel mileage but no one will prove it or hook on my trailer for that 17-20 MPG they brag about. I get 17 empty.
โNov-27-2014 06:45 AM
IndyCamp wrote:fx2tom wrote:TNGW1500SE wrote:
Ford didn't need to be bailed out by the government. Something I consider when shopping.
My 2010 f150 4x4 5.4 tows my 31' camper very well with 700 pounds of motorcycles in the bed.
That was my reasoning when I bought my F150. Didn't really matter when the truck ended up being a POS. Didn't even cross my mind when I bought my Ram.
Yeah, I never understood that line of reasoning.
Business and government have been in bed together for years. Before anyone on this board was even born, in fact.
I guarantee you most posters on this forum shop at Walmart.
MANY of their stores receive tax breaks and concessions from local governments that the local mom-and-pop businesses don't get. When it comes to GM, that is "socialism," but when it comes to Walmart, hey, "where is the RV aisle?"
A lot of posters on this board are probably also fans of NFL teams. Teams that hold their cities and fans hostage until they give them sweetheart, tax-free, deals for new stadiums. Deals that no other business in town is getting.
For the record, I have no problem with any of it. Not handouts to GM, Walmart, or NFL teams. If you do have a problem with it, however, at least be consistent and not let your outrage end when it comes to a certain brand.
And for the record, Ford borrowed money from the government. True, it was a loan, but why did they go to the government and not the banks? Do you think they got better rates? That's the same as a subsidy provided by the taxpayers.
The bottom line is, buy whichever truck you like the best.
All of the Big Three (and Toyota) make great trucks these days. I think it's silly to hate a brand out of tradition or because one is "anti-American," when most of the stuff you will buy to put in your RV was made in China, anyway.
โNov-25-2014 06:25 PM
fx2tom wrote:TNGW1500SE wrote:
Ford didn't need to be bailed out by the government. Something I consider when shopping.
My 2010 f150 4x4 5.4 tows my 31' camper very well with 700 pounds of motorcycles in the bed.
That was my reasoning when I bought my F150. Didn't really matter when the truck ended up being a POS. Didn't even cross my mind when I bought my Ram.
โNov-25-2014 08:29 AM
TNGW1500SE wrote:
Ford didn't need to be bailed out by the government. Something I consider when shopping.
My 2010 f150 4x4 5.4 tows my 31' camper very well with 700 pounds of motorcycles in the bed.
โNov-25-2014 08:17 AM
โNov-25-2014 03:01 AM
โNov-24-2014 03:50 PM
OntarioRay wrote:
We have a 33' trailer that weighs 6,300 lbs. dry with a tongue weight of 750 lbs. We pull that with a 2013 F150 Supercrew that has the trailer tow package and the 6.2 litre V8 (sorry, I'm from Canada and I'd like to know the cubic inch equivalent as well)and according to Ford is rated to pull 11,500 lbs.
It pulls the trailer very nicely. It has plenty of power and usually my biggest problem is trying to keep my speed down to 60 mph. I do find that the gas mileage really suffers when I go over 60 but I had the same problem with trucks and trailers that we had previously.
As a rule I like to have at least 25% more towing capacity than I need.
โNov-24-2014 03:35 PM
โNov-23-2014 08:39 PM
โNov-23-2014 08:19 PM