Amid Virus Chaos, Ford Erects Financial Firewall

Looking to cover its financial ass with available cash, Ford Motor Company announced a series of measures on Thursday to ease it through the ongoing pandemic.

If you’re a shareholder, kiss that dividend goodbye. However, if you’re in the mood to skip the toilet paper line outside Costco and head to the dealer instead, the Blue Oval has an offer for you.

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Automakers Bolt From the Gates With Post-Harvey Discounts

There was quite a debate occurring in TTAC’s private Slack channel yesterday — a conversation sparked by knowledge of a new discount from Fiat Chrysler Automobiles extended to those who lost insured vehicles in Hurricane Harvey.

The timing of the offer — CarsDirect claims the deal was valid as of August 28th, even as images and video of the waterborne and helicopter rescues of Houston-area residents filled television screens and social media — raised an eyebrow. How soon is too soon? It would seem the main concerns of impacted residents over the past couple of days included finding food and shelter, reconnecting with loved ones, and perhaps picking up the pieces in both flood- and wind-damaged communities. Not shopping for a new vehicle online.

The nature of the offer sparked further debate. Affected residents in certain Texas and Louisiana counties can show a copy of their insurance claim form to receive $500 off the purchase or lease of a new FCA vehicle, certain models (like the Jeep Wrangler, Chrysler 200, SRT models, and Alfa Romeo Giulia Quadrifoglio) not included. Buyers can combine the offer with other applicable discounts.

$500 off that new Grand Cherokee? Whoo-wee, you might say. At what dollar amount does a post-disaster offer change from feeling like an opportunistic sales grab and more like a gesture of kind-hearted humanitarian assistance? Or is this just cynical thinking — should we regard any offer as a sign of generosity? It’s certainly not a new practice for any automaker. On and on it went.

Of course, any conclusion comes down to the individual. But this morning we heard FCA isn’t alone in offering deals to Harvey victims.

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  • 2ACL 2.slow + stick + major components serviced = many more miles of motoring if the next owner is even half as diligent. Not my cup of tea, but I could understand someone wanting to take this home.
  • AZFelix In related news, the California Department of Public Health in cooperation with CARB is proposing a complete ban on new car sales by 2039. The agency director was quoted as saying "If it prevents just one death..." and "Think of the [non-aborted] children..." at a press conference. The DEA immediately classified Ozium Air Sanitizer spray as a Schedule I chemical/drug and applied for a yearly budget increase of $690 billion dollars to help prosecute their 'war on car freshness'.
  • Master Baiter The 10 year maintenance cost should be normalized with respect to the vehicle cost. Of course a $150K Porsche or Range Rover is going to cost more to maintain than a $20K Camry.
  • Paul 175k? Pffft not a chance. A VW with that mileage is an enormous bill waiting to happen.
  • Turbo Is Black Magic Civic Si all the way… it’s the sweet spot of fun to drive, manual, decent MPG’s, no dealer markup BS. Especially in Canada where you can get heated seats.If you are in the US just buy the last gen Si… it’s still a vastly better car than the current one.