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Message: Re: Misplaced credibility - for the record

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Changed By: paulofto
Change Date: November 21, 2017 10:40PM

Re: Misplaced credibility - for the record
Ford did not take a bail out , voluntarily or forced. Period. The Ford family, with the only voting shares, refused to do it in fear of losing control of the company. Besides, they didn't really need it. Roger Mulally had returned them to profitability by 2007/2008 so the bail out was not needed or necessary. Double period. GM and Chrysler, on the other hand, were marketing a bunch of redundant dogs and needed serious downsizing. Ford did there ir downsizing on their own many years earlier.

Original Message

Author: paulofto
Date: November 21, 2017 10:39PM

Re: Misplaced credibility - for the record
Ford did not take a bail out , voluntarily or forced. Period. The Ford family, with the only voting shares, refused to do it in fear of losing control of the company. Besides, they didn't really need it. Roger Mulally had returned them to profitability by 2007/2008 so the bail out was not needed or necessary. Double period. GM and Chrysler, on the other hand, were marketing a bunch of redundant dogs and needed serious downsizing. Ford did there downsizing on their own many years earlier.