Ford Continues On The High Road And Still Avoids Federal Funds

Ford Continues On The High Road And Still Avoids Federal Funds

Two of Detroit's automakers are well on their way to becoming wards of the federal government, but Ford Motor Co. has no intention of joining its rivals anytime soon.

"Nothing has changed about our plan," Ford CEO Alan Mulally told me Wednesday, one day after General Motors Corp. and Chrysler LLC submitted requests for a combined $21.6 billion in new federal loans and credit lines. "Our plan is not to access government money. Right now, with everything I see, we have sufficient liquidity to continue our transformation of Ford.

"We haven't changed our plan," he added. "It's broad enough and robust enough to handle all these changes. We're not coming back every couple of months with a new plan like everyone else is."

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Need4SpeedNeed4Speed - 2/19/2009 9:15:29 AM
+3 Boost
If Ford continues to design and sell cars like the 2010 Taurus then they have nothing to worry about! I'm definitely gonna take a look at the new SHO!


downtoearthdowntoearth - 2/19/2009 9:23:07 AM
+4 Boost
Ford is best positioned from all the (not that) Big 3.

And no wonder, they simply offer best cars. Until the Prius III is on the market, the Fusion may be the most desirable hybrid, able to compete on par with Camry Hybrid, excelling it in some relevant aspects.

Then in the new Taurus - brilliantly styled, loaded with technology, interior seems great and solid.

They'll bring Fiesta to the U.S which was critically acclaimed in the continental Europe.

The line of turbocharged direct injection petrol engines is coming, a bit late when compared to VW AG and other makers, but it slowly is. They improved their poor automatic gearboxes in Europe by deploying dual-clutch technology (currently available in few models only). I don't think this approach is necessary but at least dual clutches have good press.

Maybe Ford should bring European midsize family car Mondeo, compact sporty minivan S-Max and full size minivan Galaxy to the U.S, these cars seem to be better alternatives to their American counterparts currently in company portfolio.

Add all this together and Ford is not that bad positioned for the future in terms of the core of their business - offering decent cars.


bigmotovbigmotov - 2/19/2009 9:30:27 AM
0 Boost
The high road?!?!? LOL!!!

A stipulation is that no dividend payments would be made to the shareholders until the loan is is paid. Who are the major shareholders and who controls Ford? The Ford families maybe???


PlanBPlanB - 2/19/2009 12:46:07 PM
+1 Boost
Stopped by the Chicago auto show the other day, that new Taurus is HOT. Every full size car in that segment needs to be very worried.


holmstarholmstar - 2/19/2009 2:02:45 PM
+2 Boost
Who cares if their motivations are self-serving. The fact of the matter is that they have not taken any of our hard-earned money (yet) and I'm glad for that. Aren't you? At least one of the big three seems to have it's act together on this.


holmstarholmstar - 2/19/2009 4:03:47 PM
+2 Boost
care to explain why you deboosted me? Do you WANT ford to take government money?


bigmotovbigmotov - 2/20/2009 2:53:05 PM
0 Boost
It's simple. They DO NOT have their act together. Ford is pretty much in the same position as the other two, except they have a few more bucks in their pocket. Sure, I'm glad they CAN'T take my money, but if they could, they would. Now they're trying to spin it off like they are doing you a favor. They are now telling Uncle Sam that they need something better than these loans otherwise the poor Ford familes can't get paid. Respect that? No way! Buy their vehicles just because they are making you think that they are doing you a favor? Hell no!


vvelezvvelez - 2/19/2009 11:05:12 PM
+2 Boost
I am extremely happy with the path ford has taken. They don't take our money and are producing high quality cars that will be able to compete in the American market. This is what the auto industry needs to be like, have great quality cars from America, Europe and Japan and leaving the decision to the consumer on what will be best for them and not which one wont leave you on the side of the road.


Type707Type707 - 2/21/2009 4:28:48 PM
+1 Boost
I think that FORD is doing well...and not going to big brother for funds. Hopefully the rest will follow by example.


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