Profits, Not a Bailout for Ford

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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

Mary of MN..I totally agree.
Tracy, Velocity Fulfillment

Tracy of CA 6:33PM January 14, 2010

Ford not only obtained long-term financing before the crisis, but also restructured it's company by selling off unprofitable units and renegotiating deals with it's workers. It put smaller, fuel-efficient and hybrid cars in development early. In otherwords, it did many things before the crisis hit to avoid the necessity of a bail out. And they are things that GM will need to do to be able to survive.

Mary of MN 5:10PM January 14, 2010

and something a Ford exec even admitted, that Ford was able to skip the bailout simply because it had done a better job of obtaining long-term financing a year or two before the crisis hit all of them?

Muser of NM 3:45PM January 14, 2010