Ford Veers Closer To a Bailout

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valium n of NM @ Jul 02, 2009 14:16:05 PM

Ford is covering up and will be caught.

Ford also has it’s legacy costs, and cannot really continue to rally the troops long term. It was the first to rely heavily on IMPORTED parts, and now is the most foriegn of the U.S. brands, with most lines being over 50% from overseas. It isn’t saying NO to bailout money because it doesn’t need it, it is wanting to avoid government involvement at all costs. There are BILLIONS of dollars in unsettled lawsuits for product defects, and probably a million unsafe vehicles out there that should be recalled. People are dying everyday, and the coverup is red tape. I have always bought American, but Ford is a Unamerican sheep in wolf’s clothing.

Francis of OH @ Apr 13, 2009 11:07:14 AM

Having it both ways...

Interesting. A recent Wall Street analyst was defending the business model of the American auto makers, saying that declining oil prices had led to renewed buying of big trucks and SUVs. So what is it: did the business model fail, or is it sound? Even the big heads on Wall Street don't seem to know. Lots filled with unsold SUVs and extended cab trucks tell me that they are wrong. And still, the right wing sycophants ridicule and laugh at the idea of conserving energy and weaning the economy off big oil. The collusion between big oil and the big three is well documented, and part of the reason why they are in such a pickle. See the movie "Who killed the electric car?" to really get your blood pressure up. The oil companies will fight to the last breath to keep us dependent on their product, and Detroit meekly submits to this chicanery. Sad stuff.

Rulon Bravo of NM @ Feb 09, 2009 23:44:16 PM

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Rick Newman

Rick Newman

The global economy is mysterious, even scary. Chief Business Correspondent Rick Newman connects the dots. In addition to his writing for U.S. News, Rick is the co-author of two books: Firefight: Inside the Battle to Save the Pentagon on 9/11, and Bury Us Upside Down: The Misty Pilots and the Secret Battle for the Ho Chi Minh Trail.

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