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It also allowed Ford to begin the process of merging its US and European products lines, so by 2012 Ford's automotive product line outside of its pickup trucks will pretty much be the same as its highly-regarded European product line. And Ford will likely offer both all-electric and plug-in hybrid vehicles on a large scale long before most everyone else does--and not at nosebleed prices like what GM wants with the Chevrolet Volt.
How come we taxpayers own GM instead of Ford??
The American spirit triumphs over the American government. Bravo. I hope that mucked up debt issuance was just to refinance and not a key capital raise to continue growing again. Otherwise Dodd et al may get the last laugh.
I think this also shows that there are a lot of people whom, like me, will never buy a product from either GM or Chrysler because of their unconstitutional takeover by the Government.
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Ford has done an AMAZING turn around since the 1970’s, when their cars were nothing more than rolling piles of junk.
I remember a 1973 Ford LTD my Dad bought. Biggest POS I’ve ever seen. We had every imaginable kind of trouble with that car, and my Dad finally threw in the towel and found some sucker to buy it.
I now own a Ford Fusion, and it is one of the best cars I’ve ever had.
Kudos to you, Ford.
They also sold Hertz for 15 billion, hired a CEO who is very smart. Someone needs to pass that info on to harry reed. The old fool claimed that congress saved them.
I think I read last week that the UAW (crime syndicate)
was going to go after Ford Mo.Co. with hammer and sickle.
They have targeted FMC for major wage-benefit increases.
This will cause what little manufacturing left in our
country to flee off-shore. This is what the leftist
want, a cripple America using crutches so the rest of
the world can catch up. It is all about “fairness”,
don’t ya know.
Er, what a minute...this couldn't have possibly happened! Everybody knows that only the government can profitably run an auto company...not big business!
Go FORD! Wish I could afford a new F-150. Nice trucks. My days with GM and Dodge are over for good!
Now here this....
It is just a matter of time before it is in the lame-stream media but it will probably start in the conservative media 1st.
At some point, people are going to look at Mulally's leadership skills and juxtapose them to Obama's and the logical question will be asked?
Is Mulally Presidential Timber?
My answer is yes.
A Ford gnome tells me watercooler talk for a long time has been this guy is so goos they ask the question, does he have a political future. I also here in the all hands on deck meetings he is starting to get a little political and ocasionally takes a shot @ Congress.
Remember this post, I do not think it is a question of if but as to when, especially if they continue to wittle down the debt and reinstate the dividend (which if you do the math, payback vs. what is left and the time frame in which they are doing it) in the next 2 years (potentially).
This is good news for GM. Remember, the own two auto companies and represent the UAW. Methinks the UAW will be visiting Ford soon the spread some of that new found wealth around.
You guys all saw this video yesterday, didn’t you?
http://www.realclearpolitics.com/video/2010/07/21/harry_reid_auto_bailout_probably_saved_ford.html
ROLTLMFAO !!!!
Maybe so, but IMHO, they ruined the ‘500’, first by renaming it Taurus, and now by making it butt ugly. Again, just my humble opinion, of course.
I drive a Chevy Blazer now. When it gives up the ghost, my next car will be a Ford Escape. No more Gov’t Motors!! :-)
I drive a Chevy Blazer now. When it gives up the ghost, my next car will be a Ford Escape. No more Gov’t Motors!! :-)
Sold too early!!!!
Buy a Ford and you support the UAW. This is war folks. We’re losing in no small part because of leftist unions.