Profits, Not a Bailout for Ford

January 14, 2010 RSS Feed Print
  • Comment (6)

By Paul Bedard, Washington Whispers

Look for a little crowing by Ford boss Alan Mulally when he keynotes the opening ceremony of the Washington Auto Show later this month. But it won't just be about the redesigned Taurus or eco-friendly autos in his fleet. He has the keynote because Ford, unlike GM and Chrysler, didn't take the Obama bailout, and there's talk that he plans to gently rub Washington's nose in the fact that only Ford has turned a profit and seen a major jump in sales since the nation's finances fizzled. "He is driving what the future of the auto industry will look like in a competitive, global market," says a Ford insider.

Tags:
recession,
Detroit,
car manufacturers,
Ford,
cars

Reader Comments Read all comments (6)

Add Your Thoughts
Your comment will be posted immediately, unless it is spam or contains profanity. For more information, please see our Comments FAQ.

I'll never buy another new GM or Chrysler again. What is great about that is that I work in an industry that allows me the ability to afford these high priced toys. Many of the union men I work with have the exact sentiment that I have.

Nothing is too big to fail including the U.S. dollar.

If I am not mistaken the meaning of facism is, government run but not government owned. I wont spend a dime to support these freeloaders willing. What the government thinks it can do with its ever shrinking pool of resources is beyond me.

I so know this.... Elections are coming!

Jeff of WI 1:28PM January 16, 2010

Ford Motor Company avoided a takeover by the Unions and is on a good road so far as I can tell.

Government Motors (GM) on the other hand is working about as well as Mr. Obamas other ventures...riddled with side deals, Union thugs and on a financial road to collapse.

I would hate to be a retiree that has to count on GMs long term survival...

Henry Ford would be proud...

Tom in San Diego of CA 1:19PM January 15, 2010

I fail to see how correctly managing their own finances and actually making profits in the midst of a recession could possibly make Ford comparable to Federal Motors or any of the other automobile manufacturers that are limping along on life support. If Ford managed to forsee future trends and forestall disaster, good on them. Stating that GM needs to do the same to survive is ridiculous - now that it is owned by the government, GM will never be allowed to die the death they earned with their irresponsibility. If Mr. Mulally wishes to rub others' noses in their failure to control themselves, he's more than earned the right.

Bob Johnson 12:35AM January 15, 2010

About this blog

About this blog

Washington Whispers has been featured in U.S. News & World Report since 1933, offering a fun, insider's view of Washington.

advertisement

Latest Videos

advertisement