Ford took nearly six billion dollars of bailout money in 09, but they didn't use it to stay afloat and restructure their business model. They used it to retool plants to make more fuel-efficient vehicles. Notice in the past 5 years the influx of fuel-efficient Ford vehicles to the market? It all happened after the bailout. They could have done it themselves, but it was too easy for them to get money from the .gov. They had it set up to get up to nine billion if they wanted it. Heck, they were even one of the biggest supporters of the cash for clunkers program. Don't get me wrong I'd support Ford before anything GM, and Chrysler/Fiat before Ford, but they're all guilty.
I realize the impact that losing the American automakers would have had upon our economy, but the way our .gov handled it was an open invitation for them to do it again. GM was the scapegoat and their transactions were made the most public, but they also were involved the most. I worked for non-union a GM supplier that went from 160+ workers to around 70 after GM pulled the plug on us. We barely stayed afloat then I left.
Anywho, sorry to derail, we could make another thread I guess.
I realize the impact that losing the American automakers would have had upon our economy, but the way our .gov handled it was an open invitation for them to do it again. GM was the scapegoat and their transactions were made the most public, but they also were involved the most. I worked for non-union a GM supplier that went from 160+ workers to around 70 after GM pulled the plug on us. We barely stayed afloat then I left.
Anywho, sorry to derail, we could make another thread I guess.