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(CarBuzz)   Ford's Multi-Billion Dollar Loss Could Have HUGE Implications   (carbuzz.com) divider line
    More: Sad, Ford Motor Company, Ford F-150, Ford F-Series, Pickup truck, outside help, financial loss, pickup truck, company executives  
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842 clicks; posted to Business » on 30 Apr 2020 at 6:07 AM (20 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



9 Comments     (+0 »)
 
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2020-04-30 9:58:26 AM  
I seem to recall the GOP being opposed to bailouts for the auto industry.  They were apoplectic when Obama bailed them out in 2009, if I am remembering correctly.
 
2020-04-30 10:58:59 AM  
If Ford went under I wouldn't shed one single tear. My car is in the shop due to damage from a raccoon. My rental is a ford. It's like punishment.
 
2020-04-30 10:59:50 AM  

Marcus Aurelius: I seem to recall the GOP being opposed to bailouts for the auto industry.  They were apoplectic when Obama bailed them out in 2009, if I am remembering correctly.


You are.  It would be great in their mind if the auto makers went bankrupt, were bought up by the Chinese communist government who would ban unions, congress can then end the federal limits on imports, and simply import finished cars from China, even BMWs and other "European" cars.
 
2020-04-30 11:24:37 AM  
Ford were really screwed in the last bailout crisis. They didn't take any bailout AFAIK but did sell off a lot of stuff. Like Jaguar Land Rover and Volvo. All now making money for their new owners.
 
2020-04-30 11:44:11 AM  
Cars are so 20th century.

Ford has made some very very bad moves recently.

Sell out to Volkswagen. VW gets trucks and halo sport cars. It would be a win for them.

Plus the quality would go up.
 
2020-04-30 12:07:52 PM  

Visual Howlaround Title Sequence: Cars are so 20th century.

Ford has made some very very bad moves recently.

Sell out to Volkswagen. VW gets trucks and halo sport cars. It would be a win for them.

Plus the quality would go up.


You do know that VW owns Porsche, Lamborghini and Bugatti, right?
 
2020-04-30 2:04:17 PM  

Carter Pewterschmidt: Visual Howlaround Title Sequence: Cars are so 20th century.

Ford has made some very very bad moves recently.

Sell out to Volkswagen. VW gets trucks and halo sport cars. It would be a win for them.

Plus the quality would go up.

You do know that VW owns Porsche, Lamborghini and Bugatti, right?


But they don't have Mustang, man! How are they supposed to compete against that?
 
2020-04-30 2:14:12 PM  
If I had any faith in the current leadership and CEO, I'd buy low and ride it out.  I'm not convinced that they will pull out of the death spiral, though.
 
2020-05-01 2:28:06 AM  

Marcus Aurelius: I seem to recall the GOP being opposed to bailouts for the auto industry.  They were apoplectic when Obama bailed them out in 2009, if I am remembering correctly.


And that was mainly because most of their competition had built non unionized factories in red states, so it is ok for the Detroit automakers to fail because their own states would in theory benefit, once the hundreds of thousands of workers who lost their jobs figured out a way to buy their next vehicle.

GW Bush did do the initial bail out as it was happening a month or two before Obama was inaugurated, the sensible thinking being that he wouldn't make the final decision and Obama could then be in a position to make the decision as be able to work through it.
 
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