How Ford Survived Without Bailout

And chrysler llc if president barack obama s.

How ford survived without bailout. Ford motor co the only large u s. Ford fans point out that the blue oval crew didn t take any bailout money which is almost true. A ford tv ad slams competitors for accepting bailout funds even though the company s ceo lobbied for the bill. Government bailout would ve failed along with general motors corp.

The company the only one of the big three not to receive a bailout. When it comes to this topic its like a duck floating on a pond. 13 4 billion for gm 5 5 billion for chrysler and 5 billion for gmac. Ford likes to say it didn t take the money because unlike general motors and chrysler it didn t require a taxpayer bailout to survive the 2008 2009 credit crisis.

Congress explored whether a planned bankruptcy reorganization without a bailout was a better alternative. Because of the money it borrowed nearly three years ago ford is in far better shape than its two crosstown rivals gm and chrysler. The loans have kept it independent and on a course to survive. Above the water level everything is calm but below the water surface the duck is paddling like hell.

Automaker that didn t receive a u s.