Friday, December 19, 2008

Ford says does it not need short-term loans from bailout

Ford says thanks, but no thanks to bailout loan.

This may actually prove to be the smartest move of any of the big three automakers. By not taking a govenrment bailout, Ford will not appear to be adversely greedy to the vast majority of Americans who oppose the car maker bailout.

One reason why Ford is not in as much trouble is trucks. Ford sells more trucks than most of the carmakers combined and their trucks are quality, durable products that elicit amazing brand loyalty. In the south in particular, if you drive a Ford truck, you will basically always drive a Ford truck.

1 comment:

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