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Ford Gets Its Iconic Logo Out Of Hock
theindychannel.com/CNNmoney ^ | May 23, 2012 | Peter Valdes-Dapena

Posted on 05/23/2012 7:10:11 AM PDT by Abathar

Ford Motor Co. got its logo out of hock Tuesday after Moody's upgraded the automaker's credit rating to investment grade.

The decision by Moody's to raise the credit rating means that Ford can now take back control of assets -- including the Blue Oval logo and trademarks like Mustang and F-150 -- that Ford put up as collateral in 2006 when it used virtually all its North American assets to open a $23.5 billion line of credit.

"The Ford Blue Oval is back where it belongs with the Ford family of 166,000 employees around the world," said Ford Motor Co. Chairman Bill Ford. "This is a great day for us and is the result of several years of hard work and progress by everyone associated with Ford," he said.

(Excerpt) Read more at theindychannel.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: autobailout; bailout; ford; obama

I was kind of wondering why I was engraving tools made for Ford with FoMoCo instead of their logo, now I know.
1 posted on 05/23/2012 7:10:17 AM PDT by Abathar
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To: Abathar

I love my Escape.


2 posted on 05/23/2012 7:17:41 AM PDT by eCSMaster (Conservative patriots, Rise up!)
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To: Abathar

Ford’s done it “right”! FUBO!


3 posted on 05/23/2012 7:19:50 AM PDT by WellyP (REAL)
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To: Abathar
The decision by Moody's to raise the credit rating means that Ford can now take back control of assets -- including the Blue Oval logo and trademarks like Mustang and F-150 -- that Ford put up as collateral in 2006 when it used virtually all its North American assets to open a $23.5 billion line of credit.

And not a dime of bailout cash. Ford, to quote Dear Reader, actually had "skin in the game."
4 posted on 05/23/2012 7:19:58 AM PDT by Army Air Corps (Four Fried Chickens and a Coke)
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To: Abathar

“There’s a Ford in your future!”


5 posted on 05/23/2012 7:21:01 AM PDT by IbJensen (If you don't read the newspaper you are uninformed, if you do read the newspaper you are misinformed)
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To: Abathar
If I understand this correctly, Ford Motor Company has a better "credit rating" than United States of America.

FUBO!

6 posted on 05/23/2012 7:24:48 AM PDT by ArrogantBustard (Western Civilization is Aborting, Buggering, and Contracepting itself out of existence.)
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To: Abathar
I wonder just who would of paid money to have the blue oval and what did they get with the privilege of controlling it?
7 posted on 05/23/2012 7:27:51 AM PDT by reefdiver ("Let His day's be few And another takes His office")
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To: IbJensen
We have had Ford vehicles for years, and have loved them all — but my new one, well... buying this one felt better than any other time! Glad to see they have their logo back, and heard today they have been opening 3rd shifts back up as well. Very cool!
8 posted on 05/23/2012 7:34:12 AM PDT by GizzyGirl
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To: reefdiver

Only thing I can think of is getting royalty checks in from whoever wanted to use it for advertising or displays.

Aftermarket parts could have paid the price just to stick that logo on their Ford parts, like they were somehow connected with the genuine Motorcraft parts I guess.


9 posted on 05/23/2012 7:37:57 AM PDT by Abathar (Proudly posting without reading the article carefully since 2004)
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To: Army Air Corps
And not a dime of bailout cash. Ford... actually had "skin in the game."

Unlike (GM) Gov't Motors and Chrysler (now a Fiat co.). Ford did it the RIGHT way and will be better off for it long term.

Those of us who care about such things will be more inclined to look at Ford for future auto needs and disinclined to shop the bailouts.

10 posted on 05/23/2012 8:43:18 AM PDT by newzjunkey (I advocate separation of school and sport)
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To: newzjunkey

I’m 66 and was a GM man all my life. Now there is two FORDS in my driveway! And I love!


11 posted on 05/23/2012 9:05:02 AM PDT by tayper (Granny told me, Saying it don't make it so)
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To: Army Air Corps
The local Ford dealer has a big box of these in the cashier's office:

They sell several each day at $10 each.

12 posted on 05/23/2012 9:19:05 AM PDT by Charles Martel (Endeavor to persevere...)
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To: Charles Martel

I don’t even drive a Ford and am tempted to buy one.


13 posted on 05/23/2012 9:26:00 AM PDT by FreedomPoster (Islam delenda est)
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To: Charles Martel

I WANT one!


14 posted on 05/23/2012 9:50:15 AM PDT by Army Air Corps (Four Fried Chickens and a Coke)
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To: Army Air Corps

Check online, I’ll bet you can get one from some site like cafepress.


15 posted on 05/23/2012 11:16:23 AM PDT by Charles Martel (Endeavor to persevere...)
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To: Abathar

Good for Ford (from a Toyota man)


16 posted on 05/23/2012 11:26:32 AM PDT by hattend (Firearms and ammunition...the only growing industries under the Obama regime.)
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