Quote:
Originally Posted by saden1
Shows how much you know, again...they got themselves a ~10 billion line of credit from the US government in January when no one else was willing to give them a dime (junk companies get that kind of treatment). It got an additional 1.5 billion line of credit from the Canadian government. Guess what happens if they can't pay back that money? The government becomes the other guys.
You don't have to call it a bailout if you don't want to but please believe Ford from an investment prospective is near death company and would have certainly been dead without a government line of credit.
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If I'm correct they secured those lines of credit for if something happened but as of now they have not had to use any of those funds. So at this point I have to say ford has not taken any bailout money.