NickF1011 Posted August 30, 2007 Share Posted August 30, 2007 http://www.detnews.com/apps/pbcs.dll/artic.../708300304/1148 Yet another article mentioning the $12.6B loss last year. Here's the important part though: Ford Motor Co . is in "good shape financially" and has enough funding for its restructuring plan, CEO Alan Mulally said as he nears his first anniversary in the job. Ford has "appropriate liquidity" after borrowing $23.4 billion last year, he said in an interview Wednesday in New York. Quote Link to comment Share on other sites More sharing options...
rmc523 Posted August 30, 2007 Share Posted August 30, 2007 Yet another article mentioning the $12.6B loss last year. Could we have an article about Ford w/out mentioning that fact these days?? Quote Link to comment Share on other sites More sharing options...
LincolnFan Posted August 31, 2007 Share Posted August 31, 2007 umm.. They already build cars in Spain, my Focus was built thar. Quote Link to comment Share on other sites More sharing options...
jpd80 Posted August 31, 2007 Share Posted August 31, 2007 Doom and gloom sells papers, and anything bad about the Big 3 will definitely be in the Detroit News. the 2007 Q2 result doesn't exist in the heads of journalists. They're still copying articles from January Quote Link to comment Share on other sites More sharing options...
7Mary3 Posted August 31, 2007 Share Posted August 31, 2007 http://www.detnews.com/apps/pbcs.dll/artic.../708300304/1148 Yet another article mentioning the $12.6B loss last year. Here's the important part though: Ford Motor Co . is in "good shape financially" and has enough funding for its restructuring plan, CEO Alan Mulally said as he nears his first anniversary in the job. Ford has "appropriate liquidity" after borrowing $23.4 billion last year, he said in an interview Wednesday in New York. Listen, the CEO of Enron was saying they were in good shape right up to the end. What do you expect him to say? Fact of the matter is that the only reason Ford has any liquidity at all is because the mortgaged EVERYTHING. Nonetheless, if there are not any big surprises, Ford should be able to weather the storm O.K.. Quote Link to comment Share on other sites More sharing options...
suv_guy_19 Posted August 31, 2007 Share Posted August 31, 2007 Listen, the CEO of Enron was saying they were in good shape right up to the end. What do you expect him to say? Fact of the matter is that the only reason Ford has any liquidity at all is because the mortgaged EVERYTHING. Nonetheless, if there are not any big surprises, Ford should be able to weather the storm O.K.. You do realize that Ford had almost 20B before thet borrowed more, right. Besides that, the difference was that Enron was cooking the Books. Quote Link to comment Share on other sites More sharing options...
SVT_MAN Posted August 31, 2007 Share Posted August 31, 2007 (edited) Enron was such a corrupt company that it made a lot of people think twice about investing in general. In addition to hiding all their losses and expenses in all those little fake off-shoot companies, Enron was basically screwing with the entire state of California's power grid too. They would force (literally) temporary black out or brown outs because of supposed energy shortages. They did this to make consumers think there was an energy shortage and drive prices through the roof. In reality, there were not shortages - just greedy jerks who wanted to make a quick buck. I hope they realize there is blood on their hands. A lot of elderly people (and some younger, in fact) actually died during those black outs because of the heat. I don't know how some of those jerks could sleep at night. I guess I understand why that one guy committed suicide. Edited August 31, 2007 by SVT_MAN Quote Link to comment Share on other sites More sharing options...
NickF1011 Posted August 31, 2007 Author Share Posted August 31, 2007 umm.. They already build cars in Spain, my Focus was built thar. Sorry, I'll clarify -- "expanded" production in Spain. :P Quote Link to comment Share on other sites More sharing options...
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