By on May 23, 2012

Seth-Gold-Hardcore-Pawn-Ford Images: Ford Motor Co. & Tru-TVIt’s almost a cliche. Someone mentions the $23.5 loan package that Ford Motor Company presciently took out in 2006, a loan that allowed Ford to develop new products and survive the economic meltdown and credit crunch of 2008 while its crosstown rivals were reduced to begging Washington for a bailout, and almost invariably they will bring up the fact that Ford pawned everything including their “blue oval”. Well, Ford once again owns the famous cerulean logo free and clear. Now that Moody’s has joined Fitch Ratings in restoring the rating on Ford’s debt to investment grade from junk status, the collateral that Ford put up for the loan, which included the logo, Ford’s “glass house” headquarters, several factories, and intellectual property including the Mustang and F-150 trademarks, is no longer security on that debt, per the terms of the loan.

(Read More…)

Recent Comments

  • Re: Life With Accord: 12,000 Miles

    robert_h - This was easily the most entertaining account of a floor mat purchase that I have read. Or am likely to read. Half life of Bohrium-262: 84 milliseconds.
  • Re: Life With Accord: 12,000 Miles

    bryanska - So it’s still 2007 in the Honda floor mat offices. Same thing plagued my original Honda Fit. Honda: reliable because there’s nothing worthwhile to...
  • Re: Life With Accord: 12,000 Miles

    Thatkat09 - I think your comparing apples to oranges. I’ve noticed with every make and model, the bigger the car, the worse the interior is. It’d be fairer to...
  • Re: Life With Accord: 12,000 Miles

    Mandalorian - I don’t know if they salt the roads up there, but road salt kills floormats. Winter is coming.
  • Re: Life With Accord: 12,000 Miles

    burgersandbeer - As far as I can tell, the WeatherTech liners are the MacNeil liners Jack is talking about. I always knew them by the WeatherTech name as well, and only...
  • Re: Life With Accord: 12,000 Miles

    burgersandbeer - I think the Jeep Wrangler offers non carpet. At least it used to.
  • Re: Life With Accord: 12,000 Miles

    SCE to AUX - My former xB1′s factory floormats looked like that after 7 years, 7 winters, and 70k miles. But I don’t wear the sort of shoes you do.
  • Re: “You Get A Car! You Get A Car! You Get A Car!”

    Maymar - @roger628 and FreedMike – right you both are, and that was a stupid mistake on my behalf – the longitudinal mounting was why...
  • Re: Rental Review: 2014 Hyundai Accent

    steevkay - That sounds about right, the current-gen Accent was a good step above the previous generation (which I have, 2009MY). My ’09 Accent gets about...
  • Re: Chart Of The Day: U.S. Minivan Market Share In 2014

    petezeiss - Excellent idea. I want that Chevy saying as well as a few other favorite bon mots. First off, “You Breed ‘Em, You Feed...

New Car Research

Get a Free Dealer Quote

Staff

  • Contributing Writers

  • Jack Baruth, United States
  • Brendan McAleer, Canada
  • Marcelo De Vasconcellos, Brazil
  • Vojta Dobes, Czech Republic
  • Matthias Gasnier, Australia
  • W. Christian 'Mental' Ward, Abu Dhabi
  • Mark Stevenson, Canada
  • Cameron Aubernon, United States
  • J Emerson, United States