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Ford - $9 billion line of credit?
Ford has indicated they will only require this loan in the event that one of the other manufacturer's goes bankrupt.
What does this have to do with anything?
3 Answers
- 1 decade agoFavorite Answer
nothing... they are greedy people who want us to bail them out when they make the mistakes..
- GypsyLv 51 decade ago
They want it as a cushion and I'm guessing they will put it into a high interest account and will milk the interest off it while they have the money. It's a legal way of making money and they know it although it's so shady it makes me sick.
I had a Mustang and that I had for 9 years.. 2 blown head gaskets later and 2 replaced engines went into it. Best thing I ever did was sell the pos.
Fords are crap and they don't deserve to be bailed out for building crap cars. If anything, they need to stop making so many cars and focus on 3-4 models tops and build them the right way rather than using cheap parts..
- 1 decade ago
Well being that a lot of Company's o cars use the same manufacturing facility and their prices are indicative of how much they sell the more they sell the cheaper it is per part if one company goes under it effects the total across the board. They also have stocks invested in a stock market that would be terribly hit even more so by the bankruptcy of a large company.