Ford Owes the Government $5.9 Billion!

[naSSty1]

Honestly? it sounds like a lot of you know nothing about what the auto industry has done for this country. General Motors converted all of its production to the Allied war effort and delivered more than $12 billion worth of goods, ranging from airplanes to tanks, marine diesel engines, trucks, machine guns, and shells. No other manufacturer delivered as much material to the Allied forces. Here is a list of the WWII General Motors War Material Production 1940-45:

198,000 Diesel engines for tanks & landing craft
206,000 Airplane engines
13,000 Complete bombers and fighter planes
97,000 Aircraft propellors
301,000 Aircraft gyroscopes
38,000 Tanks, tank destroyers and armored vehicles
854,000 Trucks, including amhibious DUKWs
190,000 Cannons
1,900,000 Machine guns and submachine guns
3,142,000 Carbines
3,826,000 Electric motors
11,111,000 Fuses
360,000,000 Ball and roller bearings
119,562,000 Shells
39,181,000 Cartridge cases

Honestly, I would bail them out too.

[garcmol]

Crap, I owe the Government money too.

[motorhead]

Originally Posted by naSSty1

Honestly? it sounds like a lot of you know nothing about what the auto industry has done for this country. General Motors converted all of its production to the Allied war effort and delivered more than $12 billion worth of goods, ranging from airplanes to tanks, marine diesel engines, trucks, machine guns, and shells. No other manufacturer delivered as much material to the Allied forces. Here is a list of the WWII General Motors War Material Production 1940-45:

198,000 Diesel engines for tanks & landing craft
206,000 Airplane engines
13,000 Complete bombers and fighter planes
97,000 Aircraft propellors
301,000 Aircraft gyroscopes
38,000 Tanks, tank destroyers and armored vehicles
854,000 Trucks, including amhibious DUKWs
190,000 Cannons
1,900,000 Machine guns and submachine guns
3,142,000 Carbines
3,826,000 Electric motors
11,111,000 Fuses
360,000,000 Ball and roller bearings
119,562,000 Shells
39,181,000 Cartridge cases

Honestly, I would bail them out too.

Nice copy and paste from GM heritage site. You know it isn't like they did all of that for free. Plus, there were many companies and people involved with the war effort. That's only one of the reasons why the people from that time period are considered to be the greatest generation.

[Mr Twisty]

Originally Posted by garcmol

Crap, I owe the Government money too.

Quote of the month!

[Wantconvertible]

Going to clean out the garage this weekend I'll loan them a buck or 2

[Sax1031]

I am not saying we should have let GM sink.

Just making sure people are informed when they GM paid back what they owed. Paying taxpayer dollars back with taxpayer dollars, it must be nice.

Not to mention the nice tax breaks GM recieved to boot.

[Mayhem]

Just curious... Why is it some people seem to be under the impression that the EV development has somehow contributed to keeping Ford afloat...... and is the reason they didn't require bailout?? To my knowledge, (correct me if I am wrong in thinking this way)... the profits and stability of the company from bailout time until present... have very little to do with the EV development. The company has been stable without yet seeing the EV projects come to full fruition to a point where they are turning a profit. If anything, it cost them more during that time, than it made them so far. So, I fail to see it being a factor in why they didn't go under... More of an investment for the future?

EV's were merely work on the side, aiming to keep them advancing technologically and keep them competitive in the long run... Nothing to do with short-term and present financial stability.

I'll still never understand why people gotta blindly decide to parade about supporting one or the other.

I am happy that I get to enjoy MORE vehicles, because I am not a raging fanatic, blinded by stupidity and shunning other brands because of a logo and desperately wasting my time to seek out reasons to hate them more. I'd rather drool over the best vehicles every company has to offer than wait for one company to make something interesting/new.

Some of yall seem hug deprived.

And these debates are silly. Two big successful companies with a long history, and a lot of awesome vehicles made.

Without one or the other, these cars would be no where near as awesome as they are. Competition alone has inspired constant growth in design and engineering that has propelled vehicles from all brands well beyond what anyone could have dreamed up when these companies first began. Be glad the competition exists.

[rez333]

Originally Posted by KXRM

^ This. Blue Maro Demon, we get it, you think GM is awesome and Ford is crap. It's cool. Most of us just don't care. There are more important things to do with life than trumpeting for a company.

.

No you just don't get it. You will never understand Blue Maro Demon. He is a poor misunderstood genius and you guys are just mean.

His "trumpeting" as you call it will cause the Camaro fans on this board to respect their favorite brand more, because buying a Camaro in itself is not enough to show that they admire GM enough to buy one. Get it??

[Rhyder]

6 billion < 132 billion and counting.........

you decide which is the stronger company?


As far as paying the government back, they were counting the stocks rise in value as payback, course they dont seem to think that now that the stocks have dropped again that they should now owe the loss factor.....they like to have thier cake and eat it to......stock value should not and does not count as repayment of the loan unless they buy the stock back from the government at the inflated price.....so as long as the government owns stock, they have not payed the loan back period.

[rez333]

Originally Posted by naSSty1

Honestly? it sounds like a lot of you know nothing about what the auto industry has done for this country. General Motors converted all of its production to the Allied war effort and delivered more than $12 billion worth of goods, ranging from airplanes to tanks, marine diesel engines, trucks, machine guns, and shells. No other manufacturer delivered as much material to the Allied forces. Here is a list of the WWII General Motors War Material Production 1940-45:

198,000 Diesel engines for tanks & landing craft
206,000 Airplane engines
13,000 Complete bombers and fighter planes
97,000 Aircraft propellors
301,000 Aircraft gyroscopes
38,000 Tanks, tank destroyers and armored vehicles
854,000 Trucks, including amhibious DUKWs
190,000 Cannons
1,900,000 Machine guns and submachine guns
3,142,000 Carbines
3,826,000 Electric motors
11,111,000 Fuses
360,000,000 Ball and roller bearings
119,562,000 Shells
39,181,000 Cartridge cases

Honestly, I would bail them out too.

Hey is there a "World War 2" equivalent of "Godwin's Law"?


If only I fought in WW2 - imagine the things I could get away with because of it!

[rez333]

Originally Posted by Rhyder

6 billion < 132 billion and counting.........

you decide which is the stronger company?


As far as paying the government back, they were counting the stocks rise in value as payback, course they dont seem to think that now that the stocks have dropped again that they should now owe the loss factor.....they like to have thier cake and eat it to......stock value should not and does not count as repayment of the loan unless they buy the stock back from the government at the inflated price.....so as long as the government owns stock, they have not payed the loan back period.

What is this? Trying to ruin a good story with facts??

[rez333]

Originally Posted by pdari

...as if Ford stole your lunch money or something. Get over it.

Now you're just being ridiculous! I do remember that he posted last year that Ford called his momma names.

[bigd1276]

By the time I'm finished this sentence, the national debt has grown another $1,000,000.

http://www.usdebtclock.org/

[Rhyder]

Originally Posted by bigd1276

By the time I'm finished this sentence, the national debt has grown another $1,000,000.

http://www.usdebtclock.org/

do you type really slow or really fast?