Quote:
Originally Posted by cRiPpLe_rOoStEr
Downsizing into a glorified Agrale might not equal to going bankrupt, but Ford is still not totally safe from this risk.
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Ford only avoided bankruptcy in 2009 because they had the luck to have mortgaged everything including the Ford logo in 2007 to borrow $18 billion. They borrowed that money because they were in dire straights - losing $13 billion in 2006.
That combined with many billions in long and short term loans from the US government in 2009 kept them from bankruptcy. Ford is still paying on a $6 billion federal loan from 2009.
(In a twist of fate - not going bankrupt has put Ford at a disadvantage vs GM)