How Ford Survived The Recession

The venerable automaker survived the great recession and went on to grow and thrive during the long. General motors corp chrysler llc and ford motor co. The company s biggest profit generator the f 150 will be negatively affected by rising oil prices.

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Turning Around An American Icon How Ford Went From Losing More

Ford Reports A Record 14 6 Billion Loss For 2008 The New York Times

Ford Better Positioned To Ride Out Recession Business Autos

The big three in detroit are fighting for a piece of the bailout pie.

How ford survived the recession. During a recession you should avoid buying things you don t need. Are lobbying for 25 billion from the government to help them survive. Ford motor s up by the bootstraps story of survival during the great recession has been well documented. The loans have kept it independent and on a course to survive.

Both companies intraday declines were the steepest since aug. Instead ford received and still receives letters of support from small business owners and operators who admire ford s ability to get his company through the recession without the need for taxpayer dollars. Read more background info in industries that thrive on recession. And its success is not just because ford motor co.

Not all automakers need share such an ignominious fate however as ford motor co. Government or declare bankruptcy its success is not just because company made a daring move to mortgage all of its assets in 2006 including the blue oval presciently giving itself a cash cushion at a time when cash would soon be in short supply. F fortune 500 alone among detroit s big 3 didn t take tarp money from the u s. The key to surviving a recession is reducing your expenses working hard and staying calm.

Here are six companies that survived the recession and the secret to their success. The letters i got and continue to get are incredible ford says. A fortuitous 23 billion loan provided an escape from bankruptcy so the company could focus. Ford shares declined 2 74 percent or 34 cents to close at 12 08 after sliding as much as 6 6 percent.

Cut down on luxuries like holidays technology and eating out and avoid buying things on credit. Because of the money it borrowed nearly three years ago ford is in far better shape than its two crosstown rivals gm and chrysler. Ford has been struggling ever since alan mulally left the company and there are reasons to believe the auto giant could fail to survive the next recession. Ford nyse f just years ago ford.