Comments on: Visteon Files for Bankruptcy; Will Ford Belly-Up to the Bailout Buffet?

By: Ford parts supplier files for Chapter 11; Long live Visteon. - Business, Finance, and Investing - City-Data Forum

Fri, 29 May 2009 00:55:55 +0000

[...] parts supplier files for Chapter 11; Long live Visteon. Visteon Files for Bankruptcy; Will Ford Belly-Up to the Bailout Buffet? | The Truth About Cars …In the nine years since FoMoCo spun off its vehicle climate systems, interior parts, lighting [...]

By: Zammy

Zammy — Thu, 28 May 2009 16:04:23 +0000

> How long can Ford compete with their own money against the competition that is receiving billions of other peoples money from the government?

You understand, of course, that the US government *wants* Ford to need a handout. As long as Ford can operate without government money, Ford will stay independent. Once the government drives Ford into requiring a handout (or into Bankruptcy) then that will be the wedge that leads to government control of all three US automakers.

The imports (including domestically produced imports) can be controlled through diplomatic or trade means. But there is no way for the government to completely reshape the car industry according to vision unless they get Ford under their thumb as well.

By: John Horner

John Horner — Thu, 28 May 2009 13:57:15 +0000

Maybe Ford can do a deal with the gov’t similar to Chrysler-Fiat. Get the gov’t to put up all the cash while Ford takes “management responsibility” for Visteon in return for equity. Weirder things have happened!

By: fallout11

fallout11 — Thu, 28 May 2009 11:47:15 +0000

I’ve always found it somewhat humorous and ironic that the “bailout cheerleaders” spent a lot of time and breath worrying over the various nearly-proprietary parts dealer’s longterm health without the Detroit 2.7, yet the actual truth of the matter is that many of these, such as Delphi and Visteon, never really were viable outside of their own little family. Most started life as wholly owned subsidiaries, and subsidiaries (as in subsidized) they remained, except on paper, as their parent organizations, desperate to unload ‘liabilities’, shed them. The proof of such can be found right in the pudding.

By: Robert Farago

Robert Farago — Thu, 28 May 2009 11:31:09 +0000

allegro con moto-car:

My bad. Billion. Text amended.

By: allegro con moto-car

allegro con moto-car — Thu, 28 May 2009 11:23:24 +0000

“In its C11 filing, Visteon listed assets of $4.58 billion against debts of $5.3 million.”

If this was the case, then Visteon would be a business with an unusually strong balance sheet. Maybe you meant $5 million in assets and $4.6 billion in debts?

allegro