jlrohio
Well-Known Member
- Joined
- August 10, 2004
- Messages
- 176
- Reaction score
- 26
- City, State
- Virginia
- Year, Model & Trim Level
- 1999 Ford Explorer XL
The fact that ford did not take the buyout, readjusted their business model, basically turned themselves around, they earned the right for me to consider them.
You might want to research some more into the facts.
Luckily, Ford had just restructured their debt with a well-timed bank loan before all financial hell broke loose on the auto industry in 2008-09.
Forbes article on Bailout cash - There’s an old saying: “People who live in glass houses shouldn’t throw stones.” That goes for people who work in the Glass House, too — the local nickname for the headquarters of Ford Motor just outside Detroit.
Also, there is Fact-Check as well which has some details on the money everyone forgot that the US Taxpayers gave to Ford
Somewhat reminds me of the luck that fell on SouthWest Airlines when they had signed a multi-year jet-fuel contract when the price of jet fuel was low. When the price of fuel see-sawed all over the map during the past 8 years, SouthWest was unaffected and able to keep their ticket prices low and to not charge bag fees! (I wonder how long that will last, now that, that low priced fuel contract is running out and prices are once again at an all-time high). Southwest will someday soon, against their own best interest, have to come up with some fees to charge customers.
BTW, Sweet Looking 4-Runner!!! Looks like it's ready for a little mud!