For John, BLUF: Ford Motors benefitted from GM $49.5 BILLION bailout. Apparently, car buyers like Ford's independence. Nothing to see here; just move along.
Over at the InstaPundit Professor Glenn Reynolds is sharing his blogging duties while on vacation(?). Here comes Mark Tapscott, at 10:57 AM, with a comment on the GM bailout.
FORD HELPED MOST BY GM, CHRYSLER BAILOUTS? Bet you didn’t see this coming! A new Rasmussen survey of consumer sentiment finds that a clear majority of those interviewed are more favorably disposed to buying a Ford product because the famous automaker did NOT go hat-in-hand to Washington for a bailout in 2008, as did General Motors and Chrysler. Since it’s about my two favorite issues, cars and politics, I, of course, have an opinion on these developments!The short post links to this Rasmussen Poll report.
"Bin Laden is dead and GM is alive Ford prospered."
Regards — Cliff
2 comments:
You should note that UAW jobs were preserved, as well as the many jobs associated to the parts and distribution chain.
I am a loyal Ford owner. We do own a 2002 Dodge minivan, but I'd prefer to be an ALL Ford family.
There were grumbles about GM being "Government Motors," so public opinion is certaily tilted.
However, had Obama followed Mitt Romney's advice to let our auto industry go bankrupt, Ford would have had a much tougher time of it. Especially, since many parts and components are produce by a common vendor. Ford would have lost an "economy of scale."
Ford made a choice to go it alone. That said, they did expand into area's of high mileage and "green cars" market that the Obama Admin help promote.
Meaning, Ford didn't build that. They took their subsidy in a different way.
Clever "Bottom Line".
Regards — Cliff
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