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What happen to Ford ? Maybe the Ford-europe save them form the trouble water of USA and Canada.
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Chrysler And Gm In Trouble But Ford ? Why Ford didn't ask any money ?
#1 Guest_Mopar forever_*
Posted 06 April 2009 - 08:27 PM
What happen to Ford ? Maybe the Ford-europe save them form the trouble water of USA and Canada.
MultiQuote
#2
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Posted 06 April 2009 - 08:51 PM
Mopar forever, on Apr 6 2009, 08:27 PM, said:
What happen to Ford ? Maybe the Ford-europe save them form the trouble water of USA and Canada.
No they borrowed as much cash as possible (@ $28b) BEFORE the economic melt down and credit freeze happened.
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Posted 06 April 2009 - 09:39 PM
LXbuilder, on Apr 7 2009, 02:51 AM, said:
No they borrowed as much cash as possible (@ $28b) BEFORE the economic melt down and credit freeze happened.
also they solded Aston-Martin, Land Rover and Jaguar when they still had some value
#4
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Posted 07 April 2009 - 03:47 AM
If you were a registered user, you would not be seeing this!
All true.
Meanwhile in Auburn Hills Chrysler immediately started downsizing for the new reality, in Detroit Nero played his fiddle.
#5
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Posted 07 April 2009 - 08:17 PM
Ford got lucky. The Ford family always seems to have luck on its side. The mortgaged everything including the Ford logo. The banks got locked into the deal before the crash hit. Still, they do have some really nice European spec products that they are finally bringing here.
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Posted 07 April 2009 - 10:22 PM
duster92, on Apr 7 2009, 08:17 PM, said:
Ford got lucky. The Ford family always seems to have luck on its side. The mortgaged everything including the Ford logo.
If I had a $100 dollar bill for everytime I heard that...
It's called PLANNING AHEAD!!! ;)
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Posted 07 April 2009 - 10:30 PM
mjd4277, on Apr 7 2009, 10:22 PM, said:
If I had a $100 dollar bill for everytime I heard that...
It's called PLANNING AHEAD!!! ;)
It's called PLANNING AHEAD!!! ;)
I have to agree, planning ahead. Something DCX actually didn't know how to do, and Cerberus was to busy to do,cus they were doing what ever it was they thought Chrysler was good for.
#8
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Posted 07 April 2009 - 11:40 PM
Ford also took its cash on hand and got its debt holders to accept something like 60 cents on the dollar in exchange for being paid that amount immediately, and they used that cash to pay them off. They managed to get rid of a whole bunch of their debt that way.
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Posted 08 April 2009 - 12:25 AM
TWX, on Apr 7 2009, 11:40 PM, said:
Ford also took its cash on hand and got its debt holders to accept something like 60 cents on the dollar in exchange for being paid that amount immediately, and they used that cash to pay them off. They managed to get rid of a whole bunch of their debt that way.
Gotta hand it to Ford.Management that behaves like we expect from big business. Kinda sad if Chrysler and Gm get a free ticket and Ford is left having to pay off everything with interest. Or Chrysler and GM go down and take Ford with them.
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Posted 09 April 2009 - 12:50 PM
hotmach, on Apr 7 2009, 10:25 PM, said:
Gotta hand it to Ford.Management that behaves like we expect from big business. Kinda sad if Chrysler and Gm get a free ticket and Ford is left having to pay off everything with interest. Or Chrysler and GM go down and take Ford with them.
They didn't have to pay everything with interest, they got their creditors to accept less payment and call it good. It'd be like if you called your bank and said, "I owe $100,000 on my house, but I only have $60,000, would you accept that to discharge all remaining debt on my house?" and getting them to agree.
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