Ford CEO Mulally, Dec. 5, 2008: In particular, the collapse of one or both of our domestic competitors would threaten Ford because we have 80 percent overlap in supplier networks and nearly 25 percent of Ford’s top dealers also own GM and Chrysler franchises.
Ford CEO Mulally, Dec. 5, 2008: In addition to our plan, we are also here today to request support for the industry. In the near-term, Ford does not require access to a government bridge loan. However, we request a credit line of $9 billion as a critical backstop or safeguard against worsening conditions as we drive transformational change in our company.
In a Jan. 30, 2009, report on the bailout program, the Congressional Research Service noted that Ford “is counting on $5 billion from the DOE loan program to support a $14 billion plan to reorient its lineup toward more fuel-efficient vehicles.” On June 23, 2009, the Department of Energy announced it would provide $5.9 billion to Ford “to transform factories across Illinois, Kentucky, Michigan, Missouri, and Ohio to produce 13 more fuel efficient models.”
In a business plan submitted to Congress in December 2008, Ford touted its $14 billion plan for fuel-efficient cars as a key part of its effort to turn the company around — noting that a big piece of the funding was coming from the DOE. The company’s business plan also urged Congress to pass legislation to provide “incentives for consumers to trade in older vehicles and move to more fuel-efficient vehicles.” About six months later — on June 24, 2009 — President Obama signed the Consumer Assistance to Recycle and Save Act that became known as the cash-for-clunkers program. A Department of Transportation report (table 10) said more than 90,000 Fords were purchased under the cash-for-clunkers program — second only to Toyota — as of December 2009.
it's almost as if Greed hasn't had any business training at all.I have no problem with companies taking LOANS from financiers to retool a business. Shouldn't you be complaining that Bush kicked off this type of "Corporate Welfare" program that Obummer actually signed??
Obama's "Cash for Clunkers" program...one of his biggest accomplishments as POTUS.
All it did was cause the cost of cars in the used market to go up so poor people would end up paying more, since they couldn't afford new ones, even with the money for their hoopty.
I guess one could argue it saved them from even shittier shitty cars lol.
Unfortunately it also took lots of cheap trucks and real SUVs (not this crossover shit) off the market. I don't like nice trucks, because I will beat the snot out of a truck.
It's disappointing to see Mike Rowe fall for this bullshit. Mexico and Flat Rock are completely separate issues.
Huh? Geesh
maybe a little melt down from those in the "center" who just think they are smarter than everyone else.Strange all this good news is coming since Obummer is close to the end of his term.
Just wait until the 20th. Just wait until the DOD leaders take over and Obamacare is axed.
Liberal meltdown mode.
Extra at this point you have as much information of what the Republicans are going to offer as a replacement for Obamacare as Stevie Wonder has reading an eye chart.
20 million people won't lose their coverage.
You don't know. I don't know. You are wasting the English language.
The republicans dont know either, which is pitiful in and of itself. Secondly, the point is you cons would rejoice to get rid of Obamacare even if there was no replacement and 20 million lost their healthcare.
The republicans dont know either, which is pitiful in and of itself. Secondly, the point is you cons would rejoice to get rid of Obamacare even if there was no replacement and 20 million lost their healthcare.
source and link that a single person will lose healthcare under Trump's plan?
I thought he had a great plan, in fact, the greatest plan anyone has ever seen.That's a tough assignment, as Trump has no plan.
source and link that a single person will lose healthcare under Trump's plan?
Did you offer your employees a plan?
So your answer is no?Did you? Oh, wait, you don't have any employees.
So your answer is no?
You going to admit that I was right about "So, 20 million people losing their healthcare makes you happy."?
Have 20 million people lost their healthcare yet? I know obamacare did to my insurance and what it did to our company. That's one reason Trump won.
Have you seen a plan to replace obamacare? No? Because a viable one from the cons doesn't exist. And if 20 million lose their healthcare coverage, that's acceptable, right? Maybe your company suffered because of poor management and they just pin the problem on health insurance under obama as an excuse.
They have been in business 75 years. They are doing ok.
Most business were hammered by obamacare.
No doubt. That's the reason 5x as many jobs were created under obama than bush.
If a company turns one full time position into two part time positions is that job creation?No doubt. That's the reason 5x as many jobs were created under obama than bush.
If a company turns one full time position into two part time positions is that job creation?
Greed not understanding the point being made. Shocker!!