[TOBY J]

Originally Posted by 8cd03gro

Ford = took loans that were offered with extremely low interest rates in hard times after mortgaging nearly all assets to restructure. A sound business decision.

GM = took loans and tens of billions of dollars in free money (in an inflated exchange for equity) that will never be accounted for.

They are simply not comparable. FoMoCo turned around in one of the most successful restructurings in recent history and GM went bankrupt, restructured under government ownership, and is now flourishing as a new corporation. Alan Mulally worked miracles with Ford while GM was gutted and thrown money because it was necessary to keep the doors open. These Ford loans will be paid back, the equity the gov holds in GM will NEVER be valuable enough to recover the total invested. Debate cars all you want, but Ford leadership (post 2006) has been a bright light in dark times within the auto industry and

it's damn near disrespectful to even try to argue that it's remotely similar to that financial travesty of a company that was Old GM.

WINNER... WINNER