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Meanwhile Ford, which was the top-ranked non-luxury brand at fifth last year, fell to 23rd this year. It had 116 problems per 100 vehicles,up from 93 last year and worse than the industry average of 107 owner-reported problems. Its Lincoln brand dropped from No. 8 to 17 this year, with 111 problems.
Originally posted by neo96
reply to post by deadmessiah
was there a point there ?
americans dont have a problem with vw or bmw or toyota and other manufacturing from japan and germany
let alone buying cheap junk made off the slave labor of the chinese?
point of fact gm and chrysler were also right there in germany.
American Taxpayers (possibly as well as GM and Chrysler) Are the Victims of a Lie
Ford meanwhile rode high on the perception that they didn’t accept a single dollar. “Ford did not seek a government bailout,” says a very recent Rasmussen Report, “and 55 percent of Americans say they are more likely to buy a Ford car for that reason.”
Americans (and possibly GM and Chrysler) are the victims of a big lie, says Wall Street insider Eric Fry. And he has the numbers to back it up.
“During the crisis of 2008-9, for example, Ford Motor Company borrowed as much as $7 billion from a lending facility of the Federal Reserve. But the details of these borrowings did not come to light until just three weeks ago. And even now, very few investors – or car-buyers – seem to realize that GM and Chrysler were not the only “Big 3” car companies to receive a helping hand from the government. Ford also cashed a few government checks.”
Fry is not talking about the DOE retooling loan, and Ford’s well publicized use of government loan guarantees. Fry found a $7 billion government check to Ford that was hidden from the public’s eye. Well, not really, it was mentioned on page 18 of a document submitted by Ford to the Senate Banking Committee on December 2, 2008, but who reads that stuff?
While Americans learned that a TARP was not just used to cover some dirt in the yard, but also gaping holes in the balance sheets of banks, brokers and automakers, the public remained oblivious to other governmental ATMs, such as the Fed’s Commercial Paper Funding Facility (CPFF). Says Fry:
Just one month before Mulally declared, “We do not face a near-term liquidity issue, and we are not seeking short-term financial assistance from the government,” Ford Motor Credit had borrowed nearly $4 billion from the Fed’s Commercial Paper Funding Facility (CPFF). And just two weeks after this remark, Ford Motor Credit borrowed an additional $3 billion from the CPFF. In all, Ford borrowed $7 billion between October 27, 2008 and June 17, 2009.
From March 2009 through August 2009, Ford was the biggest borrower from that heretofore undercover lending facility for carmakers in need.
Harry Reid : Auto Bailout Probably Saved Ford
Unlike its fellow Detroit-area automakers, Ford Motor Co. did not accept federal assistance in 2008. Instead, it preemptively leveraged it's assets, remaining afloat in exchange for debt.
Originally posted by SpeachM1litant
German and Japenesa automobiles > American automobiles. Just saying, as you consumer in this globalised world, you would have to be pretty insane to purchase American.
Originally posted by thefulleffect
ford didnt need a bailout at all to keep operating they are as we speak buliding the biggest plant in they're company in china for sure and they are building in india to this is why they dont need one at all and the fact they restructuring the union contracts right now thats what they got the loans for im guessing for just legal bills and concessions. I love american made cars and well shouldnt they love us to? lol even gm is spending heavy over there right now.