Good News From The Auto Industry

[Riot]

Originally Posted by dellinger63

yea they get to build SUV's while giving up DOE money in a gamble americans will continue to buy their trucks in lieu of golf carts. It's a gamble on the Pres being gone long before it matters and relied on bank loans instead of taxpayer loans and big brother. IMO It's a good bet!

Wow. You might read up on the direction Ford is heading, the reviews of the electric cars Ford has in the pipeline, the pricing, and the predicted public response to purchasing those cars. I mean, from the millions of "public" that are not you.

[dellinger63]

Originally Posted by Riot

Wow. You might read up on the direction Ford is heading, the reviews of the electric cars Ford has in the pipeline, the pricing, and the predicted public response to purchasing those cars. I mean, from the millions of "public" that are not you.

electric cars are put away in the winter here and I can't afford a politically-correct car like everyone who has them for a summer car. Maybe when global warming takes full effect I will be able to trade in my 4-wheel drive for an electric putt putt. HOPE

[dalakhani]

Or maybe we can build better mass transit? Or maybe we can improve our snow removal system? Maybe a million things...

Like it or not, and i dont always agree with Riot, but we are in a brave new world. The old paradigm is indeed gone forever. American Society is changing and the way we view debt, credit and consumption will never be the same.

And Ford DID ask government help and DID use it in the form of TALF.

As far as non talf, Ford basically is issuing junk bonds to restructure its debt. Their old debt load was crushing. They had liquidity but some big notes were coming due. They just pushed it off into the future (back to the old ways) and are hoping that there is a serious rebound.

The good news? There was actually a market for the debt!

[Cannon Shell]

Originally Posted by Riot

Wow. You might read up on the direction Ford is heading, the reviews of the electric cars Ford has in the pipeline, the pricing, and the predicted public response to purchasing those cars. I mean, from the millions of "public" that are not you.

yeah we are right on the cusp of electric cars taking over...

[Riot]

Originally Posted by Cannon Shell

yeah we are right on the cusp of electric cars taking over...

Um, yeah, really, there are many inexpensive, affordable, good range hybrids and electrics literally right around the corner.

And yes, Dell, "real" cars, not "putt-putts".