Thread: Buy Ford
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Old 03 Nov 2009, 08:00 am
quicksilverdon's Avatar
quicksilverdon quicksilverdon is offline
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Join Date: Nov 2003
Location: Phillipsburg, NJ, USA.
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Default Re: Buy Ford

Ford is to be commended for planning ahead, but that does not mean they make the best cars.

As to Government owned, here's the Chrysler deal:
"Fiat will now own a 20% equity stake in the new company, which will grow to a 35% stake if certain milestones are achieved. Fiat cannot own a majority stake until all taxpayer funds are returned.

The United Auto Workers union, through its VEBA health care trust, owns a 55% stake in the company, while the U.S. taxpayer owns a 8% stake in Chrysler. "

I would not call 8% "government owned". (yeah the % does not add to 100%, but it's from Fox - facts aren't their stong point)

What about the Wall Street bailouts? Are you taking your money out of banks?
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