Automotive News, Media & Press - Ford not part of 14 billion bail out - just to be clear

I've seen alot of people say the big three got a bail out, besides the fact its really big 2 1/2. Ford denied neeing a bail out for now at the last minute. Just clearing things up.

Ford does very well in other countrys~

and they hope to get good sales on their soon released fusion hybrid and fiesta

kinda makes me want to go buy a ford (flame suit on)

Ford took out a huge line of credit prior to the economic turmoil and is surviving on that.

and they hope to get good sales on their soon released fusion hybrid and fiesta

kinda makes me want to go buy a ford (flame suit on)Nah, no flame suit needed, :) any American that supports their own (just like the Japanese do in Japan and the Germans do in Germany etc. etc.) is ok in my book. :cheers: :usa:

I support whoever makes the best car/truck for my needs, and that's the way it should be. If an automaker wants sales, they should rely on their PRODUCT to get it. Depending on the segment, that ranges from Honda to Nissan, to Ford and to GM.

You're so un American Irun it's crazy. I mean you actually shop around and find a car that fits yoru needs no matter what? You just don't blindly throw money and someone and take whatever they have? Really? Wow. Why don't you just go blow up a hospital or something, full of babies with cancer and only 9 fingers and toes.

Ford does very well in other countrys~

GM does great in China. Its GM's its biggest market now, they love Buick and Tiger Woods. I think Ford rules in Europe.

I've seen alot of people say the big three got a bail out, besides the fact its really big 2 1/2. Ford denied neeing a bail out for now at the last minute. Just clearing things up.

Ford was requesting a $9 Billion line of credit from the fed in case of protracted rescission.

Yea, they wanted 9 billion INCASE the other two fall. So they can buy suppliers up etc.

I've watched the news on these two since Feb. Wanna know what each companies CEO said?

GM said mid and end of 08 look good
Ford said they think in 08 things will get worse

I'm not lying about this statement. Just shows with company is full of shet in the accounting department. Ford was dead on and prepared for it.

I support whoever makes the best car/truck for my needs, and that's the way it should be. If an automaker wants sales, they should rely on their PRODUCT to get it. Depending on the segment, that ranges from Honda to Nissan, to Ford and to GM.You're so un American Irun it's crazy. I mean you actually shop around and find a car that fits yoru needs no matter what? You just don't blindly throw money and someone and take whatever they have? Really? Wow. Why don't you just go blow up a hospital or something, full of babies with cancer and only 9 fingers and toes.Once again, it just so happens to be those who've bought import nameplate vehicles that also just happen to be defending (feeling a little guilty perhaps? ;)) the concept of doing so in America's desperate time of need.
Wow, how conveniently self serving that is. :lol: :jest:

Foreign name plates cars/trucks won't be in my garage... unless the big 3 go under :usa:

....unless it is a Lambo or Ferrari. :lol:

If the Big 3 do go under.... maybe a BMW.

It aint gonna happen but if the 3 went. I'd be an Audi BMW guy.

Egan-Jones Ratings: Ford is Toast, Too

http://www.thetruthaboutcars.com/wp-content/uploads/2008/12/sean_egan.jpg

By Robert Farago
December 22, 2008

Egan-Jones Ratings is a relatively obscure little outfit out of Haverford, PA. It’s one of those companies whose website doesn’t have a flashy design or, for that matter, a phone number (just a contact form). Forbes rates them number 1 on their list of eight financial mavens (not ten!) “who saw the crisis coming.” “A vocal critic of rivals Moody’s, Fitch, and Standard & Poor’s, Egan has a track record of warning investors about poor credit quality long before the Big Three ratings agencies. Most recently he said to shun subprime-mortgage-backed bonds even while the other agencies said these were investment-grade credits.” And now Sean has a few words on Ford, via a ginormous Fordetorial in Bloomberg. ““It’s unrealistic of Alan [Mulally] to expect Ford to survive, let alone profit, when they’re experiencing a 30-plus percent decline in sales. Without a bankruptcy filing and a complete reorganization, Ford is not going to be profitable, period.” Egan ain’t kidding. His company rates Ford’s debt a D, its lowest level. And if that’s not enough blowback for Mulally-loving Fordophiles, here’s some more…

“The company may need a bailout to get to 2010, because for all Mulally has accomplished, it’s not enough, says Kevin Tynan, an auto analyst at New York-based Argus Research Corp. Mulally should have produced smaller cars faster and pushed for union concessions to take effect before 2010.

‘He played the cards he was dealt,’ Tynan says. ‘What you needed was someone who would throw back the cards and say, ‘This won’t work.’ You needed General Patton, somebody who is not going to accept this is how things are done. It was essentially a missed opportunity, maybe the last chance.’”

http://www.thetruthaboutcars.com/egan-jones-ratings-ford-is-toast-too/

Once again, it just so happens to be those who've bought import nameplate vehicles that also just happen to be defending (feeling a little guilty perhaps? ;)) the concept of doing so in America's desperate time of need.
Wow, how conveniently self serving that is. :lol: :jest:

Not self-serving in the least bit... I call it being an intelligent consumer. What kind of message does it send to an automaker when people buy their shit no matter what? That's the problem the Big 3 got caught in when they 80s, and how they lost their their hold on the market. They got apathetic and started resting on their laurels. If they want sales, they need to make the best product. Period.

Not self-serving in the least bit... I call it being an intelligent consumer. What kind of message does it send to an automaker when people buy their shit no matter what? That's the problem the Big 3 got caught in when they 80s, and how they lost their their hold on the market. They got apathetic and started resting on their laurels. If they want sales, they need to make the best product. Period.
Well then what kind of message are the Japanese people sending Toyota, Honda, and Nissan when they buy their shit no matter what?

And how do you know that they buy their products "no matter what?" Could they possibly *gasp* be the best value over there in many cases as well?

and they hope to get good sales on their soon released fusion hybrid and fiesta

kinda makes me want to go buy a ford (flame suit on)


Topgear love the fiesta, its like a mini cooper/honda fit

If they want sales, they need to make the best product. Period.You're right. And now they do.
Yet people still aren't buying this new era of awesome domestic nameplate vehicles and this is what pisses me off the most.
Years ago people complained about the Big 3 not producing good vehicles.
So then the Big 3 got it in gear and produced great vehicles.
People (other than people like myself that is) still buy imports.:huh:
So much for rewarding (U.S.) companies for finally stepping up to the plate. :nono:

Exactly what kind of message does that send?

If somebody made shit (exaggeration) for 20 years, and then made a quick turn around and started making good stuff all of a sudden, wouldn't you give the new products a few years to see how they are gonna be down the line? I know I would, and I'm pretty sure that's what other people are doing as well.

If somebody made shit (exaggeration) for 20 years, and then made a quick turn around and started making good stuff all of a sudden, wouldn't you give the new products a few years to see how they are gonna be down the line? I know I would, and I'm pretty sure that's what other people are doing as well.I suppose.
Do keep in mind that Japan also sold some pure shit here at one time ('50s, '60s, early '70s) yet people somehow found a way to forgive them for it and purchase their products.
But it likely did take a few years for people to fully embrace them after seeing all of the rusting, leaking, smoking crap they used to sell so you might have a point.
Either way, GM and Ford (and even Chrysler somewhat) do build some stellar vehicles and they do need our business. I believe that consumers should give them another shot now, not just years from now. :nod:

Once again, it just so happens to be those who've bought import nameplate vehicles that also just happen to be defending (feeling a little guilty perhaps? ;)) the concept of doing so in America's desperate time of need.
Wow, how conveniently self serving that is. :lol: :jest:

I don't feel guilty about any of my purchases. I reseach and buy the best thins I can afford and the things I think will last me the longest with minium amout of effort. Nothing to be ashamed of there.

It's not my fault that the big three pissed money away, they they couldn't stand up to their own workers and figure out some sort of deal. Not my fault when the world was begging for fuel efficient cars, they were still producing big gas guzzlers and finally when people said enough was enough and went and bought imports they picked up the pace. Not my fault at all.

And how do you know that they buy their products "no matter what?" Could they possibly *gasp* be the best value over there in many cases as well?
You're right. The reason couldn't possibly be the outrageously high tariffs on products made by foreign companies and the laws in place to minimize import sales in Japan.

Did you know that the Cavalier was sold in Japan under the Toyota badge? I'm sure that did wonders for the American-car image.

You're right. The reason couldn't possibly be the outrageously high tariffs on products made by foreign companies and the laws in place to minimize import sales in Japan.:werd:

Did you know that the Cavalier was sold in Japan under the Toyota badge? I'm sure that did wonders for the American-car image.And how much was it selling for over there?
Or more importantly, how much more was it selling for over there versus the competition?

I don't know... but I don't think it had any ridiculous tariffs imposed on it, because it was sold under the Toyota badge. It just gave them a HORRIBLE TERRIBLE RIDICULOUSLY-BAD example of American craftsmanship.