Quote:
Originally Posted by chevy454
FoMoCo was actually the worse of the Big3, as they started shopping their debt before GM or ChryCo, and was lucky in that they found a buyer prior to the economic collapse...but now, FoMoCo is saddled with like $38mil in debt that is coming due...
|
Yes, they mortgaged everything...right down to the blue oval before the credit markets tightened up, otherwise, they would have been right there for the bailout along with the other two...they lucked into that. So, they have benifited from the bailouts in that they didn't have to take one and public perception is that they were stronger, better, etc. Also, people against the bailout won't buy a car from "Government Motors" and if they want to Buy American go to Ford...MANY people feel that way :(