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#1 |
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Banned
Drives: 2009 TOYOTA YARIS SEDAN Join Date: Aug 2009
Location: KINGSLAND, GA
Posts: 381
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That's because the got lucky with a few choices they made previous to the fallout. It's not like the Ford execs are any smarter than anyone else, which is probably why you don't see them running around too much bragging about their financial genius...
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#2 |
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Only Happy When it Rains
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Lucky? It didn't have too much to do with luck. Ford was smart enough not to have a gazillion different car brands, and even more dealers. Plus ford cars have always been slightly better than gm or chrysler. And that F150 thing helps too. How many years straight has it been the top selling vehicle?
__________________
Colin Chapman disciple |
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#3 | |
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Banned
Drives: 2009 TOYOTA YARIS SEDAN Join Date: Aug 2009
Location: KINGSLAND, GA
Posts: 381
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Quote:
Ford didn't take a bailout because they have been living out of a nearly $27 billion credit account they set up in 2006 and were already closing dealers and cutting production prior to the collapse. So, yes, they are brilliant for taking out loans, closing dealers, cutting production and firing many, well ahead of their competition. |
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#4 |
![]() ![]() ![]() Drives: 2017 VW Jetta 1.4L Manual Join Date: Feb 2009
Location: Olympia, WA
Posts: 349
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#5 | |
![]() ![]() ![]() Drives: Yaris Join Date: Oct 2008
Location: Michigan
Posts: 199
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Quote:
I don't think it was luck that made them suddenly decide to stock up on millions in cash. Maybe when your good enough you don't have to brag. |
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#6 |
![]() ![]() ![]() ![]() ![]() Drives: 07 Yaris S Sedan 5-Speed Join Date: Oct 2008
Location: Massachusetts
Posts: 2,179
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Sadly, even though Ford is doing the best, they have the most debt to overcome because they avoided bankruptcy. Although GM is close if you count bailout money that they say they will pay back.
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