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FORD DIDN'T TAKE THE BAILOUT (vanity )

Posted on 09/21/2012 9:34:13 AM PDT by hecht

Ford is doing well. Ford didnt close dealerships that cost 65,000 jobs If GM had followed Fords example they wouldnt have closed up. if we know this why doesnt the GOP counter the. "GM is alive and Osama is dead" with Ford is alive? Why?


TOPICS: Politics
KEYWORDS: automakers; bailout; federalspending; ford; fordmotor; gm; gop; obama

1 posted on 09/21/2012 9:34:22 AM PDT by hecht
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To: hecht

That’s the main reason I’m currently driving a Ford.


2 posted on 09/21/2012 9:41:44 AM PDT by JimRed (Excise the cancer before it kills us; feed &water the Tree of Liberty! TERM LIMITS, NOW & FOREVER!)
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To: hecht

Why? Just before the crash Ford hocked everything to the hilt. Even the Ford Logo is mortgaged.


3 posted on 09/21/2012 9:42:06 AM PDT by Orange1998
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To: hecht

Ford has taken bailouts in the past BUT government didn’t use it as a pretense to seize control and they’ve also been willing to make cuts where needed and have actually been fairly successful in negotiations with the UAW.


4 posted on 09/21/2012 9:42:50 AM PDT by cripplecreek (What does it profit a man if he gains the whole world but loses his soul?)
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To: hecht

Ford is alive and our ambassador is dead


5 posted on 09/21/2012 9:43:17 AM PDT by hecht (restore Hetch-Hetchy, and screw San Francisco and Pelosi)
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To: hecht

they may not have taken bailout htis time, but they did as a company supoport homosexual groups and rejhected requests for them to drop their support of thsoe radical groups- they refusede until it started hurting their bottom line- folks were boycotting the company and only then did they drop their support-


6 posted on 09/21/2012 9:49:53 AM PDT by CottShop (Scientific belief does not constitute scientific evidence, nor does it convey scientific knowledge)
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To: hecht

Ford is alive and Government Motors is on life support. Obama stole bonds, and the unions roll on.


7 posted on 09/21/2012 9:54:08 AM PDT by SERKIT ("Blazing Saddles" explains it all.......)
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To: Orange1998
The stock is certainly weak. Moving in lockstep with GM which everyone on FR thinks is on the way to another bk.


8 posted on 09/21/2012 9:54:23 AM PDT by nascarnation (Defeat Baraq 2012. Deport Baraq 2013)
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To: hecht
close dealerships that cost 65,000 jobs

So going into unprofitable businesses, firing people and turning the company around is now A GOOD Thing?

I'm so confused.

9 posted on 09/21/2012 9:54:34 AM PDT by Tanniker Smith (Rome didn't fall in a day, either.)
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To: hecht

http://bailoutcost.com


10 posted on 09/21/2012 10:02:41 AM PDT by BereanBrain
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To: hecht

The fact that Ford didn’t take the bailout weighed heavily in my decision to buy a Ford a couple of months back.


11 posted on 09/21/2012 10:11:24 AM PDT by BuffaloJack (Those who pay no taxes and depend upon government are Government PETS.)
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To: hecht
Report: Ford Took Federal Funds, Too!

Jalopnikgraph

12 posted on 09/21/2012 10:20:42 AM PDT by SoConPubbie (Mitt and Obama: They're the same poison, just a different potency.)
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To: Tanniker Smith

It was GM that closed dealerships not ford.


13 posted on 09/21/2012 10:31:43 AM PDT by hecht (restore Hetch-Hetchy, and screw San Francisco and Pelosi)
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To: Orange1998
THE BAILOUT (vanity ), Orange1998 wrote: Why? Just before the crash Ford hocked everything to the hilt. Even the Ford Logo is mortgaged.

Ford got the logo back a few months ago.

Ford to get blue oval back after second upgrade

DEE-ANN DURBIN, AP Auto Writers, TOM KRISHER, AP Auto Writers

Updated 11:15!p.m., Tuesday, May 22, 2012

 

DETROIT (AP) — Ford Motor Co. is getting its blue oval logo back.

Moody's Investors Service raised Ford's debt ratings to investment-grade Tuesday for the first time in seven years.

The upgrade means that all of Ford's U.S. assets, including factories, the blue oval and the trademarks for the F-150 pickup and Mustang sports car, are back in the company's hands and will no longer be used to secure the company's debt.

Ford never stopped using its logo or factories, but posted them as collateral in 2006 in order to get a $23.5 billion

loan and avoid bankruptcy. Executive Chairman Bill Ford, the great grandson of company founder Henry Ford,

said Tuesday that giving up the rights to the oval was "enormously emotional for me personally and for

my family."

"This is one of the best days that I can remember," Bill Ford said in a conference call with reporters.

Ford needed investment-grade ratings from two of the three ratings agencies to get its assets back from a group of

banks that held them. Fitch Ratings upgraded the company last month. Standard and Poor's has not yet upgraded

Ford, and said in March that it didn't expect to change Ford's ratings within the next year.

Moody's said it believes Ford can maintain its investment grade rating even in the face of a European downturn or

other challenges. The company has approximately $20 billion in cash, and it has been disciplined about cutting

costs, controlling production and lowering spending on incentives, Moody's said.

"The key factor in our considering an investment grade rating for Ford was whether or not the company would be

able to sustain its strong performance," said Bruce Clark, Moody's senior vice president. "We concluded that the

improvements Ford has made are likely to be lasting."

Moody's said one of Ford's main strengths was its low break-even point in North America, the company's largest

market. The ratings agency calculated that Ford has to sell only 1.8 million cars and trucks before it starts turning

a profit. In the 12 months that ended in March, Moody's said, Ford shipped 2.7 million cars and trucks in North

America, 50 percent more than that break-even point. Prior to its restructuring in 2009, Ford had to sell 3.4

million cars and trucks in North America to break even.

Moody's also said Ford's cars and trucks are increasingly competitive with Asian automakers, and it expects

"robust" future products.

An investment-grade rating signals that a company's debt has a low risk of default. Companies with investment

grade credit ratings generally pay lower interest on debt. Ford also will have an easier time borrowing for projects

like new plants in Asia. Moody's said increasing sales in China is one of the biggest challenges Ford faces.

Ford shares rose 13 cents, or 1 percent, to $10.34 in after-hours trading.

Moody's also affirmed General Motors Co.'s credit rating of Ba1, one notch below investment grade, on Tuesday.

Moody's said GM remains on track to return to investment grade within the next year.

Ford to get blue oval back after second upgrade - StamfordAdvocate Page 1 of 2

http://www.stamfordadvocate.com/business/article/Ford-to-get-blue-oval-back-after-second-upgrade-35774... 9/21/2012

Ford lost its investment grade status in 2005 when it was racking up billions in losses as the SUV boom went bust.

The company decided that a massive restructuring loan was worth risking its logo. The influx of cash helped Ford

to revamp its cars and trucks and — unlike rivals GM and Chrysler Group — avoid bankruptcy protection.

Ford began its turnaround in 2006 when Bill Ford fired himself as CEO and hired Alan Mulally from aviation

giant Boeing. The automaker used the billions it borrowed — which Mulally often calls a "giant home

improvement loan" — to close plants, shed brands and cut its global workforce by one-third.

Ford has paid back much of that debt. The company had $13.7 billion in debt at the end of the first quarter and

expects to lower that to $10 billion by 2015. In March, it resumed paying a dividend, which it hadn't done since

September 2006.

Mulally, 66, said Tuesday that the return to investment grade is "way up there on the highlight film" in terms of

his accomplishments at Ford. But he said it won't speed up his timetable for retiring. Mulally hasn't said when he

plans to retire.

"It changes none of my plans to continue to serve this great corporation," he said.

Bill Ford said he announced the upgrade on the company's public address system. Employees then formed a giant

oval on the lawn of the company's Dearborn, Mich., headquarters.

Ford's former chief financial officer, Lewis Booth, said just before his retirement in April that getting the blue oval

back would have an "enormous" psychological impact on the company after its wrenching turnaround.

"For every person who works at Ford, anywhere in the world, that's a very precious thing," he said.

The logo, which is recognized worldwide and appears on everything from baseball caps to scented candles, dates to

1965. Ford began replacing black and white ovals with blue ones that year, according to Ford corporate historian

Bob Kreipke. The script in the center of the logo goes back even further. Harold Wills, a friend of company founder

Henry Ford and a draftsman who helped design the first Model T, created the Ford script in 1912 using his

grandfather's stencil set.

Ford hasn't placed a value on the logo. But Interbrand, which tracks brand values, said the Ford brand is worth

$7.5 billion, and it ranked Ford 50th out of its top 100 brands in a recent survey.

http://www.stamfordadvocate.com/business/article/Ford-to-get-blue-oval-back-after-second-upgrade-3577492.php
14 posted on 09/21/2012 10:35:40 AM PDT by Dr. Sivana ("I have a new zest for life!"--Calvin from Las Vegas)
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To: Dr. Sivana

I drove a Ford Focus rental car for a week or so after a car crash.I found it a comfortable car and easy on gas.


15 posted on 09/21/2012 11:14:05 AM PDT by hoosierham (Freedom isn't free)
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To: JimRed

So .... you support the UAW.


16 posted on 09/21/2012 12:10:22 PM PDT by Boston Blackie
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To: Boston Blackie

No, I support a company that was responsible for its own success or failure and didn’t take the bailout.

That the workers there choose to be union is part of freedom. If you don’t want to be union in a union shop, move to a right to work state or work elsewhere. That is freedom too.


17 posted on 09/21/2012 12:17:56 PM PDT by JimRed (Excise the cancer before it kills us; feed &water the Tree of Liberty! TERM LIMITS, NOW & FOREVER!)
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To: JimRed
If you don’t want to be union in a union shop, move to a right to work state ...

I don't consider that freedom.

Good luck with your Ford and drive it in good health.

18 posted on 09/21/2012 12:47:54 PM PDT by Boston Blackie
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To: JimRed

“That the workers there choose to be union is part of freedom. If you don’t want to be union in a union shop, move to a right to work state or work elsewhere. That is freedom too.”

So the decision to work there cannot be mine and/or the employer’s, but the union’s? And you call that freedom? May want to reconsider that one because I am sure the employer would rather not have the union involved, no matter what they say publicly.


19 posted on 09/21/2012 12:51:26 PM PDT by BizBroker (Democrats- Don't want 'em, Don't need 'em, Can't use 'em, Couldn't afford 'em if I did!)
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To: Boston Blackie

So, if I’m hearing you right, I shouldn’t be buying American? I should go back to Volkswagen, Honda and Toyota?Are there any American autos built in the United States with non-union labor?

I’m trying to reward the good behavior (not taking the bailout) and punish the bad behavior (GM, Chrysler taking it), and it probably won’t make much difference to them. But I do TRY to walk the walk when I can.


20 posted on 09/21/2012 1:28:38 PM PDT by JimRed (Excise the cancer before it kills us; feed &water the Tree of Liberty! TERM LIMITS, NOW & FOREVER!)
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To: SoConPubbie
Ford took out loans to retool their plants to produce more fuel efficient cars. They didn't take the bailouts that GM and Chrysler did, and they didn't screw their bond holders to pay off the UAW.

I'm going with Ford.

21 posted on 09/21/2012 5:17:19 PM PDT by TwelveOfTwenty (Ho, ho, hey, hey, I'm BUYcotting Chick-Fil-A)
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To: TwelveOfTwenty
Ford took out loans to retool their plants to produce more fuel efficient cars. They didn't take the bailouts that GM and Chrysler did, and they didn't screw their bond holders to pay off the UAW. I'm going with Ford.

Argue with the facts all you want.

Ford Credit, clearly part of the Ford family of companies, as the article clearly states that I linked to, took 12 billion dollars.

That ain't chump change, and yes, they took bailout money.

You'll also notice, that when warned by the Obama Administration to back off the false claims of not taking bailout money, you haven't heard a peep out of them about this spurious claim.

There are some companies that did not take bailout money, I believe none of the Korean or Japanese companies took bailout money, and their prosperity has only grown.

I'll not buy one stinkin' product from any of these traitorous companies until the completely divest themselves of all entanglements with the Federal Government.

I will reward those companies that did not take bailout money with my business.
22 posted on 09/21/2012 9:21:03 PM PDT by SoConPubbie (Mitt and Obama: They're the same poison, just a different potency.)
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To: SoConPubbie
Ford Credit, clearly part of the Ford family of companies, as the article clearly states that I linked to, took 12 billion dollars. That ain't chump change, and yes, they took bailout money.

From your link "That’s a perception the company has fueled itself, by making statements about how not taking a "bailout" has been beneficial to its recent resurgence. We realize the two transactions are quite different, and this loan was not a bailout."

BTW, Toyota also took a bailout, I mean loan, according to your link. I guess you're writing them off, too.

Heres more, from Bloomberg.com "Just about every one of the European automakers, apart from Mercedes, have had a rescue of some sort or another,” Rhys said. And Toyota has benefited from Japan’s "incredible low cost of credit," he added. "It wasn’t technically state aid, but it certainly wasn’t the sort of conditions companies in Europe or North America could borrow at.""

Besides, as I said Ford did NOT screw over their bond holders to pay off the UAW as GM and Chrysler did.

I'll not buy one stinkin' product from any of these traitorous companies until the completely divest themselves of all entanglements with the Federal Government.

Also from your link, "All of this aid has since been repaid with interest to the government."

I will reward those companies that did not take bailout money with my business.

Good, because your own link acknowledges that the loans Ford took out are not the same thing as a bailout.

23 posted on 09/22/2012 4:09:39 AM PDT by TwelveOfTwenty (Ho, ho, hey, hey, I'm BUYcotting Chick-Fil-A)
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To: TwelveOfTwenty
From your link "That’s a perception the company has fueled itself, by making statements about how not taking a "bailout" has been beneficial to its recent resurgence. We realize the two transactions are quite different, and this loan was not a bailout."

Isn't this just a mere case of semantics?

I believe they all have tried to pay back both the loans and TARP and bailouts.

Trying to hide the fact that they took tax-payer money, because it's labeled a loan really means nothing.

Now I will give Ford credit where I believe it is due: I don't believe they did the horrible things GM did by forgetting the secured debt and getting so deep in bed with the Unions, but, after everything is said and done, they took tax-payer money.

My taxes, your taxes, everyone's taxes should not be used for that purpose. Quit patting them on the back for doing this kind of garbage.
24 posted on 09/23/2012 10:14:31 AM PDT by SoConPubbie (Mitt and Obama: They're the same poison, just a different potency.)
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To: SoConPubbie
Isn't this just a mere case of semantics?

The only one playing semantics is you, trying to associate loans that Ford took out and payed back with interest, with GM and Chrysler taking government money, and using the power of the government to screw the bond holders to pay off the UAW. Even your own link admitted that it wasn't the same thing.

I believe they all have tried to pay back both the loans and TARP and bailouts.

Ford has paid the loans back with interest.

Trying to hide the fact that they took tax-payer money, because it's labeled a loan really means nothing.

Nobody said they didn't borrow tax payer money. Companies and individuals do it all the time.

Now I will give Ford credit where I believe it is due: I don't believe they did the horrible things GM did by forgetting the secured debt and getting so deep in bed with the Unions, but, after everything is said and done, they took tax-payer money.

You start off by saying "I will give Ford credit where I believe it is due", but you avoided doing just that. Ford didn't take your money, they borrowed it, and paid it back with interest.

My taxes, your taxes, everyone's taxes should not be used for that purpose.

Bailouts? I agree. Loans? What's wrong with loans, provided you can pay them back?

Quit patting them on the back for doing this kind of garbage.

What garbage, borrowing money and paying it back?

25 posted on 09/23/2012 12:05:46 PM PDT by TwelveOfTwenty (Ho, ho, hey, hey, I'm BUYcotting Chick-Fil-A)
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To: JimRed

Where are Ford engines and transmissions made?


26 posted on 09/24/2012 5:56:15 AM PDT by Boston Blackie
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To: Boston Blackie
The 5.0 V8s in the Mustang and pickups are made in Canada. The Mustang's manual is made in China. The Mustang's V6 and auto are made in the US. BTW, the Mustang's competitors, the Camaro and Challenger, are build in Canada, so the Mustang is as close to American as you're going to get with American muscle cars.

The Fusion is made in Mexico, but the V6 is made in the US.

BTW, all of this can be found on the window stickers, if you're looking to keep the US part content as high as possible. If your point is that even Ford has foreign parts content, yup, no getting away from that.

27 posted on 09/24/2012 5:21:35 PM PDT by TwelveOfTwenty (Ho, ho, hey, hey, I'm BUYcotting Chick-Fil-A)
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