10 Cars That Sank Detroit

[95CobraR]

Originally Posted by SP01715

Well, you must have some inside info then. I have seen the above reported in print and on T.V. Not trying to start a fight, but what is being reported is that some in the Ford family relied heavily on stock dividends for income. I am sure they are far from poor, but they want their income back. If they take money from the government they can forget about it anytime soon.

I have mentioned that government control of their company is not a good thing for Ford. It could be that a few members of the Ford family did not diversify their wealth and relied on only Ford dividend income. They screwed up if that is true.

Fiat CEO Sergio Marchionne had warned that the Italian automaker would only agree to a partnership if Chrysler's Canadian and American unions align their costs with those of the Japanese and German competition, according to Canada's the Globe and Mail.

The Obama administration, which has already loaned billions of dollars to Chrysler and rival General Motors Corp. last month gave the automaker until the end of April to forge a partnership with Fiat or face bankruptcy.

http://www.marketwatch.com/News/Stor...eed&siteid=WSJ

The WSJ is also reporting that Fiat's CEO will take over control of Chrysler. Obama fired Rick Wagoner and has placed his man at the top spot at GM. Ford is the lone standing American manufacturer who still has independent control.

Once Ford accepts government bailout funds, they are at the mercy of the federal government. The feds could force Ford to stop making performance cars and parts while arranging a shotgun wedding with Hyundai.

You'll be driving a Hyundai-Ford Accent that gets 35 mpg.