Ford issues statement on its plan

[ProSense]

Ford issues statement on its plan

Free Press staff • March 30, 2009

As President Barack Obama brought about unprecedented government control over the auto industry, rejecting turnaround plans from General Motors and Chrysler and raising the prospect of controlled bankruptcy for either company, Ford Motor Co. today issued a statement outlining its position:

“We appreciate President Obama’s commitment to the U.S. auto industry. Ford is in a different position and is not seeking emergency taxpayer assistance. However, we are taking decisive action to transform our business and win new customers as we launch an unprecedented number of high-quality, fuel efficient vehicles like the Fusion Hybrid and new global Fiesta. Ford already has reached new agreements with the UAW and has made progress in reducing its debt. We’ll continue working with all of our stakeholders to be fully competitive with the best in the business.”

[firedupdem]

1. Good for Ford! I'm glad they are working it out on their own. n/t

[lamp_shade]

2. Three cheers for Ford.

[ChimpersMcSmirkers]

3. All your cars belong to us!

Ford's going to come out this pretty good I think.

[mzmolly]

4. K and

R :kick:

[Thrill]

5. Why is it Ford can do it but not GM?

[rucky]

6. Can. Won't.

[lordcommander]

7. Exactly

If Ford can do it GM can too.

[NorthCarolina]

8. Ford secured a line of credit early on and in doing so got a much better rate n/t

[Thrill]

9. Also they didn't get into the subprime bs like GM also

[Kdillard]

10. Most likely because they have not made as many bad business decisions as GM.

[swishyfeet]

11. Bring those Euro models to the States!

They have some terrific little cars which are stylish, sporty, and economical.

Here are some must see Top Gear vids:
http://www.youtube.com/watch?v=tLhnLJl4TZA&feature=related
http://www.youtube.com/watch?v=OczVzyBBD6I&feature=related