What will happen if Ford goes under?
11/20/08, 11:37 PM
#62
THE RED FLASH ------Moderator
In addition, CEO Allan Mulally, has already stated that even with a Government bailout loan. They have enough cash resources, in which they won't require tapping into, until at least by 2009, and possibly into 2010 !
Last edited by m05fastbackGT; 11/20/08 at 11:40 PM.
11/21/08, 12:31 AM
#63
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I've said this before, and I'll say it again. Ford is NOT going under, PERIOD. As Ford is in better shape than both GM, and Chrysler combined.
In addition, CEO Allan Mulally, has already stated that even with a Government bailout loan. They have enough cash resources, in which they won't require tapping into, until at least by 2009, and possibly into 2010 !
In addition, CEO Allan Mulally, has already stated that even with a Government bailout loan. They have enough cash resources, in which they won't require tapping into, until at least by 2009, and possibly into 2010 !
11/21/08, 06:07 PM
#64
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That seems like a load of crap to me. I'd think other suppliers would step up, even if they're currently servicing other car companies. I'm sure there are many companies who would love to sell to Ford. Am I wrong?
11/21/08, 09:51 PM
#65
THE RED FLASH ------Moderator
In that case, they all had better submit they're restructuring proposals to congress A.S.A.P !
11/23/08, 12:27 PM
#66
Legacy TMS Member Pr
Ford is the only one of the three with a chance of survival. Chrysler and GM, well, they're hanging by on the cliff with one hand. Really sad 
11/23/08, 09:04 PM
#67
Mach 1 Member
I`d like to take this conversation up a level and leave you all with this:
If the US economy fails "inability of the government to make interest payments on the national debt" and the world looses confidence in the American Dollar, We will see poverty worse than any third world country.
With the failure of enough big US corporations this snowball will start its downhill roll. All it will need is the loss of enough tax revenue through unemployment to bring about the above.
And it will be due to the greed on Wall Street of short term profits.
God bless America !
If the US economy fails "inability of the government to make interest payments on the national debt" and the world looses confidence in the American Dollar, We will see poverty worse than any third world country.
With the failure of enough big US corporations this snowball will start its downhill roll. All it will need is the loss of enough tax revenue through unemployment to bring about the above.
And it will be due to the greed on Wall Street of short term profits.
God bless America !
11/24/08, 05:07 AM
#68
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Well, the US government just approved a loan for $20B to CitiBank, so I'd say that lessens the possibility of a loan to the Big 3 automakers.
As to the point above about confidence eroding in the US dollar, it's a distinct possibility. Many economists believe the crisis we're now in is just the tip of the iceberg.
There is a crack in the world economy that is so wide...no amount of money can fill it. The $700B and similar amounts in euros couldn’t do it while these Sovereign Wealth Funds held by GCC governments are simply miniscule.
In another six months we may be talking about the second Great Depression and be too preoccupied with personal survival to worry about what's happened to GM, Ford or Chrysler.
As to the point above about confidence eroding in the US dollar, it's a distinct possibility. Many economists believe the crisis we're now in is just the tip of the iceberg.
There is a crack in the world economy that is so wide...no amount of money can fill it. The $700B and similar amounts in euros couldn’t do it while these Sovereign Wealth Funds held by GCC governments are simply miniscule.
In another six months we may be talking about the second Great Depression and be too preoccupied with personal survival to worry about what's happened to GM, Ford or Chrysler.
Last edited by Hollywood_North GT; 11/24/08 at 05:08 AM.
11/24/08, 10:49 AM
#70
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Last edited by Moosetang; 11/24/08 at 10:51 AM.
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