blazerdude20 Posted April 4, 2010 Share Posted April 4, 2010 My link Quote Link to comment Share on other sites More sharing options...
jpd80 Posted April 4, 2010 Share Posted April 4, 2010 (edited) Make no mistake, Ford still needs to keep this up for a while yet – $31.45 billion in debt remains to be paid to the banks, and $7 billion remains due to the UAW's Voluntary Employment Benefit Association (VEBA) for employee pensions and healthcare. But when you can pay things off and have enough left to spread some cream around, well, that's a good start to the year. Unlike GM, Ford took responsibility for its position and is now digging itself out of the hole. They deserve kudos for that and unlike GM, they did it without going to war with the UAW. Amazing the evolution of articles about Ford: 1) Ford set to fail mortgages everything on the edge of bankruptcy (2006) 2) Ford have no new products, GM and Chrysler look better (2007) 3) Ford, GM and Chrysler are all bad Ford lucky they refinanced when they did (2008) 4) GM/Chrysler bankrupt but Ford not far away either (2009) 5) Ford still has a long way to go to recover, more debt than GM (2010) Edited April 4, 2010 by jpd80 Quote Link to comment Share on other sites More sharing options...
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