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  • Profit!

    Posted by James R. Rummel on January 28th, 2011 (All posts by )

    Ford earned greater profits in 2010 than it had in a decade. But weren’t they the only major US automaker who refused to take government bailout money?

    Of course, Ford’s sales situation could have been much rosier than the others when the bailout was proposed. Their refusal then and profits now are hardly surprising if that is so.


    3 Responses to “Profit!”

    1. Robert Schwartz Says:

      The real comparison should be a world where the government doesn’t bail any makers out. Chrysler would have been liquidated. and GM parted out (I thought Ford should by Cadillac). In that world Ford would be much bigger than it is, at least in market share. Chrysler wouldn’t be pissing in the soup. Bailouts are really evil.

    2. Michael Kennedy Says:

      I think Ford got a huge amount of good will from the backlash to the government buyout, especially the politics of it.

    3. John Says:

      I’ve been pricing and shopping for new a new truck for a couple of years now (I bought the current one 19 years ago, I don’t rush into long term commitments) when the bail-out happened Dodge, Chevrolet, and GMC went off the list. Truthfully the GM products weren’t looking too hot to begin with because they are VERY expensive. One truck I looked at cost more than two houses I’ve owned.