/sarcasm off

Uh huh…yeah right!

Where did they get it?

They put up the ENTIRE company assets to get a multi-billion dollar loan to stave off bankruptcy.

Ford’s current cash on hand figure, if I recall, is currently 31 billion dollars or so.

Ford continues to lose money in the US, which offsets any profits from Europe and Australia.

So…that begs the question…where will Ford get the money to pay off that loan?

The Edge ad someone mentioned…the ad says some BS about never being lost for words.

What that has to do with an Edge, only Ford knows.

Here’s four words Ford has lost: No sales, no profits!

Car companies should be neutral in things like this and simply spend their time designing and building the best cars and trucks they can, and marketing them without favor to all. Potentially offending a portion of 70% of the public for a stab at a portion of 2% of the market is just plain dumb, no ifs ands or buts. (whoops, sorry).

I’m willing to bet that there was a lot of lights on in Dearborn until early this morning, with the billions of dollars now potentially going to blow away in the wind.

What’s also significant about the judicial finding is that it affects all OTHER car companies worldwide who wish to sell vehicles here.

To make a long story short, “nobody” can “hide” behind the fact that a vehicle passes Federal Requirements when being sued, any more. It’s no longer a defense. This went all the way to the US Supreme Court and then was passed down a level for a binding decision, which did happen.

Personally, I am of two minds about it since now there is no way that car companies can be anything like assured that they can’t simply be sued out of existance by a minor screw-up somewhere in the supplier-chain, and this especially is dangerous (in my humble opinion) for the 2.8 and Chinese auto manufacturers (who are lacking quality and experience).

So while this might be a way for the US to scare off many Chinese auto companies who might wish to sell in North America, (and I have to wonder if some of that thought process went into the decision), the “unintended consequences” are possibly going to be the loss of Ford, Chrysler and GM.

But huzzah! – the sheister lawyers (”redundancy”, I know) will be rich!

I know a lot of people who have negative feelings towards Ford over this issue. Whether it cost them sales is hard to say, but the whole issue is an example of how horribly Ford Motor Company has been managed the last 10-15 years.

I’m sure all of the Ford workers across the globe appreciate your compassionate gesture recognizing their plight:)

So much for Ford’s “significant chuck of cash”.

Maybe Ford could cut the auto guys out there a bit of a break and sell off their 34% of Mazda and sell off Volvo, so when Chapter 7 comes along, “something worthwhile” survives.

Nothing lasts forever. FoMoCo – 1903 to 2009 RIP?

Why do I think “Ford’s done – stick a fork in it”?

Because even if Ford shut down their US operations to bankruptcy, surely the people like “rolloverlawyers.com” or whomever, will be going after Ford monies stashed in Europe, China, Japan (via Mazda), etc.

Bye bye Ford. Thanks for the lovely memories of my first car – a 1975 Ford Pinto. Being the slow learner I was, I tried several more Fords until finally wising up and buying Toyondai.

The only down side is the plight of the workers.

I hate to break it to you but Ford has a significant chuck of cash (albeit highly leveraged) to burn through before bankruptcy is even close to part of the equation.

Now—five years from on if Ford has not solved their problems you may have your wish.

At this point a boycott of gay friendly companies is a bit like handing out speeding tickets at the Indy 500 – the majority of companies do it so I think that issue may be history.

Don’t get me wrong, I don’t agree with the cash incentives given out. That seems to be just a bit too much like special treatment.
However, boycotting FoMoCo for donations they made? C’mon…

Silly little fairy…

The company has been busy proving that one for the past couple of years.