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06-23-2009, 09:21 AM
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#1 |
 Drives: 2007 Z06 Join Date: Oct 2008
Location: Swansea IL
Posts: 727
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From WSJ - Ford, Nissan Among First to Tap Loans for Retooling
http://online.wsj.com/article/SB1245...abs%3Dcomments
Times are changing. Change is good. Just keep repeating that and call me in the morning Tom |
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06-23-2009, 09:27 AM
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#2 |
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E.B.A.H.
Drives: you wild... Join Date: Mar 2007
Location: In the happy padded room wearing a jacket that makes me hug myself...
Posts: 18,420
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So much for Blue oval shoving the bailout in the face of GM. Guess they need money afterall.
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06-23-2009, 09:29 AM
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#3 |
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Geek
Drives: IOM 2010 Camaro 2SS Join Date: Oct 2008
Location: Orlando
Posts: 4,451
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This isn't the bailout money. This is something passed a long while back. However the money should only be available to American companies.
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06-23-2009, 09:41 AM
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#4 |
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General Motors Aficionado
Drives: 2023 GMC Canyon, 2023 Expedition Join Date: Aug 2008
Location: Florida
Posts: 37,375
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Why the hell is nissan getting any money?
__________________
 2023 GMC Canyon Elevation 2023 Ford Expedition SSV (State-Issued) |
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06-23-2009, 11:26 AM
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#5 |
 
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I thought the stipulation was American factories, but they could be foreign or domestic owned. This was passed awhile ago and it is to retool existing plants to make more fuel efficient cars so look for GM to get money when they are ready to tool up the Cruze stateside or for the Volt if money is left when it shows up. I would make a SWAG that Ford is asking for money to tool up for the Fiesta. Don't have a clue what Nissan is using the cash for.
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06-23-2009, 12:30 PM
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#6 |
 Drives: 5.4 3v Join Date: May 2009
Location: The Lake
Posts: 194
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GM is seeking $10B and Chrysler, $8B. GM is not currently eligible for the loan due to bankruptcy.
Ford will use they money to retool the Wayne plant to produce the Fiesta. |
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06-23-2009, 12:41 PM
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#7 |
Drives: '16 Camaro 2SS Hyper Blue Join Date: Mar 2009
Location: IL
Posts: 339
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American loans to Nissan? Doesn't seem right.
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06-23-2009, 01:58 PM
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#8 |
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