President Obama said that it was because he bailed out the other two American auto manufacturers that Ford was successful. Hahahahahaha!!! It's like saying that your success is DEPENDENT on somebody else's success L☺L! Now I hope you know that is not true. The other two auto manufacturer's are Ford's COMPETITORS. Therefore, it would have actually benefited Ford if they were allowed to FAIL. Think about that for a moment.
My friend Russ posted a brilliant comment on my facebook page that I would like to share with you.
This is one of the most pathetic and outrageous things that he has done yet! I remarked several weeks ago that Ford is doing better than the other two and they did NOT take the Tyranny Money! They did good on their own by Free Enterprise Management making the Marketing decisions without government interference!
Yeah, I have always liked Ford - I have had several and have one now! I was a Field Rep and did a few Regional Staff jobs with Chrysler before I got into Aviation years ago and I know the car business - in fact, most of our clients are Car Dealers now. The point is that Ford makes their car and truck products and determines the manufacturing numbers from Market Demand - you cannot force the market. They have now cut their number of models, and the Taurus SHO is awesome and doing well - the F-150 is the Number 1 selling vehicle - not just trucks - but, VEHICLE in the US of the big 3! The King Ranch is high end and is not heavy with volume, but is outstanding!
Conversely, GM is going to have a problem with the Volt - they are forcing the market - this is obama's mandate and it will FAIL! The volt is way too expensive and is not what people want. When you do this, inventory will back up, lines will shut down, employees will be laid off, the company will lose money, stockholders will be pissed and dealers will lose money. When you build what people WANT and can afford, the inventory moves, the company makes money, lines keep moving, employees keep their jobs, dealers make money, and employees, stockholders and customers are happy! How hard is THAT?!!!
My other friend wrote the following, Yea, Riiiiight ... all the while the VOLT ... at 40 miles per primary power electric charge and 395 miles per secondary power "spare" tank full of gas (seems like they have the marketing backwards) ... Obama Motors has to give away $7,500 of our money on a $41,000 car in order to sell the darn thing.
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CNBC
written by Staff
Thursday August 5, 2010
U.S. taxpayers will be repaid in full for the Obama administration's bailout of General Motors when the once-bankrupt automaker offers stock to the public later this year, President Obama said in an interview on CNBC Thursday.
"We expect taxpayers will get back all the money my administration has invested in GM," Obama said. "Over time, that is going to be extraordinarily significant. It means we stood up this industry and you know what, we got a return."
Last year, the government bailed out both GM and Chrysler with $60 billion in government aid, a controversial move that the administration continues to defend. Obama's comments referred to these dollars, not the money given to the automakers during the Bush administration. Ford [F 12.9475 -0.0325 (-0.25%) ] did not accept federal bailout funds.
The president is touting the fact both GM and Chrysler—as well as Ford—are profitable for the first time in six years and that the industry as a whole has hired 55,000 workers after losing more than 300,000 in the year before he took office, and 95,000 since he became president.
The interview came after Obama spoke to workers at a Ford assembly plant. Last week Obama visited General Motors and Chrysler plants, where he defended the U.S. bailout of those companies in 2009.
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