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Ford to get $5.9 billion in loans for fuel efficient vehicles
Anonymous says,
Good Move??? Well atleast they call it a loan this time.
Anonymous
Article excerpt from freep.com —
"Employees of Ford Motor Co. gave U.S. Department of Energy Secretary Steven Chu a standing ovation today when he announced that the Dearborn automaker would receive $5.9 billion in loans for the development of fuel efficient cars.
Chu said one of the Obama administration
Chu announced an $8-billion package of loans that also includes $1.6...
Read the full article at freep.com »
Read the full article at freep.com »
Posted 1 year ago
i wood give a standing ovation 2 if someone just give 5.9 billion$$$$$$$$$$$$$$$$$$$$$$$
Posted 1 year ago
Well I'll just say this. Ford is getting LOANS of 5.9 billion. As low interest as they may be, they are loans, not bailout free bucks like everyone else got. Ford restructured and organized years ago so that they would not be in the same position as GM and Chrysler now. Was the loan a safe one? I would say yes. Fords debt is no where near that of what the others were before they filed bankruptcy. Let's see what becomes of it, then we may have a legitimate bitch about them getting these bucks. But then again, we may not if it pans out.
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