Ford Wants to Borrow 18B to Overcome Cash Problems »

Posted by: pagey 1 year, 10 months ago

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Ford Motor Company is seeking financing of $18 billion to address some of its cash problems and finalize its restructuration process. The company announced third quarter losses of $5.2 billion. It hopes to have secured the financing, with the help of major banks, before December 31.

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Comments: 17

Avg rating: (+2/-1 1)
mozzer
Nov. 27, 2006, 4 p.m.
What Ford should borrow are some designs from Honda or Toyota if they really want to survive.
Avg rating: (+7/-0 7)
pagey
Nov. 27, 2006, 7:04 p.m.
If Ford went under, it would be devastating to the economy, the spin off would put hundreds of thousands of people out of work.

1 Reply
- Avg rating: (+4/-0 4)
  davaal
  Nov. 28, 2006, 12:57 p.m.
  as opposed to the tens of thousands they plan on firing anyway? its time for some tough love. not only are fords business practices dicey, but they dont do anything that benefits the american middle class. their crappy vehicles are overpriced and of poor quality.
Avg rating: (+5/-0 5)
Calebe
Nov. 28, 2006, 7:19 a.m.
Ford sucks!
Avg rating: (+0/-0 0)
ningyo
Nov. 27, 2006, 8:06 p.m.
well..with the weaker dollar and low unemployment it might not be a bad thing for ford and gm to go under..we could use the available work force..the unions have killed these companies..now they could reform into different industries with a product the world wants..whatever that might be..but not cars..we lost that battle 30 years ago..life would go on nicely without ford and gm..not for the people with those cush do-nothing jobs-but for the economy in general..

1 Reply
- Avg rating: (+1/-2 -1)
  davaal
  Nov. 28, 2006, 12:57 p.m.
  agreed. what has ford done for me lately?
Avg rating: (+2/-0 2)
Ghostcapt
Nov. 27, 2006, 8:57 p.m.
Ford should make a product that isn't designed to break down after a year. Look at Toyota and Honda's they last!

1 Reply
- Avg rating: (+0/-0 0)
  Maui
  Nov. 28, 2006, 3:48 a.m.
  not only to break down on you, but to break you in the wallet, and kill you dead in ground too!
  problematic and gas guzzling crap-mobiles were not enough for Ford, remember the death traps, pinto, mustang, explorer...?
Avg rating: (+0/-0 0)
Confederate
Nov. 27, 2006, 10:24 p.m.
Another MAIN PROBLEM:
MANAGEMENT HAS MADE SOME BONE-HEAD CHOICES.
They were richly rewarded for their stupidity, yes, stupidity, and guess who got it in the neck?
Management GETS RICH, to the tune of millions of dollars.
The Blue Collar Workers got the shaft and were shown the door.
Guess who will lose or have lost their medical insurance benefits?
The Retired Blue Collar Workers and those who took the early retirement buyouts....Probably the rest of the blue collar workers will lose more benefits such as retirement and medical care benefits.
The workers spent so many years putting the automobiles together without a voice related to design, control, or implementation of a company plan to gain market share. They were at the mercy of management's ineptness.
So sad....
Avg rating: (+2/-0 2)
Confederate
Nov. 27, 2006, 10:28 p.m.
Ford's answer to it's problems:
A stupid plan called:
"The Way Forward"
Should have been called:
"This Way Forward to Bankruptcy, and More Money to Management."
What a "PUKE."
Avg rating: (+0/-0 0)
Taganan
Nov. 27, 2006, 11:44 p.m.
It's hard to pay the unions rates, insurances, retirement and other benefits when in Japan and many other countries the labor costs are so much lower. Even those foreign companies do little more than assemble cars in this country from parts shipped in.
All U. S. automakers can build good cars. Their engineers and designers are not stupid. Their marketing people have called the shots on what type of cars to build and they were wrong. They aimed at the middle, the mediocre, when they should have tried for excellence. There are Model T's over 70 years old that run as well as when new. Henry Ford wanted the best car at the best price. His descendants lost that vision. Now they have a real wake-up call, we should all pray that they return to that vision of price and quality.

1 Reply
- Avg rating: (+0/-0 0)
  davaal
  Nov. 28, 2006, 1 p.m.
  Japanese companies are building cars right here in south carolina in a plant once owned by GM. there are no unions here in the South. maybe the CEOs shouldnt be paid hundreds of millions of dollars to sign letters and give presentations...
Avg rating: (+0/-0 0)
ouzie-q
Nov. 28, 2006, 11:14 a.m.
Ultimately People in the US are to blame,
We let the japs in here, with Toyota plants in Texas, Nissan plants in Alababma and a list of others.
Ford has some decent products internationally, but at home they have put too many eggs in the large truck and SUV market. To me it is about principles of course, I know I am old fashioned, as Honesty, decency and respect are all but gone in todays ultra hyper "gimme it now" hedonistic society.
Avg rating: (+0/-1 -1)
ouzie-q
Nov. 28, 2006, 11:18 a.m.
See, My grandfather got a Purple heart at Iwo Jima and having never forgot that he almost died over there to keep the slant eyes out of America...I DO NOT BUY JAPANESE PRODUCTS. Again, call it what you may, but I support the home team at all costs and I sincerely believe if more self serving bung holes today did the same America would not be in the trouble it is; right now. This is simply a symptom of a much bigger disease. You say corporations are to blame...maybe Bush, hahahaha, or government; sorry it doesn't work without the consumer.
Like I'm always saying, the vast ninety percent doing the crying are in fact the culprits.
Suck it in deep...and then dump the bong water.