Quote:
Originally Posted by LateBrakeU2
The way i seem to recall it was Mulally re structured Ford's debt prior to to the recession, GM and Chrysler went BK during it. Whether that was fortunate or foresight they were selling cars when the other two were at the fed with a cup in their hand. Orphan cars at the port, and 2500.00 for junkers towed in to dealerships for downstrokes. Interesting times..
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http://www.chevyhardcore.com/news/ed...-yes-they-did/
https://www.thebalance.com/auto-indu...rysler-3305670
https://www.factcheck.org/2011/09/fo...n-on-bailouts/
They got money from the government, it just wasn't the same money handed out under the bailout program. Without it, they'd have been in the same boat. Keep in mind, they also sold off Jaguar, shuttered Mercury, etc etc...