What do you call a 22 year old Mustang owner in the second grade?
Very intelligent.
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Originally Posted by mikeSS
i am not a fan of making fun of ford or chevy... when they provide thousands american jobs... and plus ford is on top by far .... do they have a government loan to pay back????????? nope ford FTW
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Guess what?...
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Rather than direct bailouts, Ford has been able to take advantage of several government-backed low interest loan programs like the Advanced Technology Vehicle Manufacturing program run by the Department of Energy to fund new vehicle development and factory retooling. Ford is also getting tax breaks and low interest loans from various states as well as other countries like the UK and Russia. At the same time, it has used profits earned in the past year to pay down higher interest debt earlier than planned. In doing so, Ford hopes to get back from junk bond status to investment grade by late 2011 or early 2012.--- Wallstreet Journal
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