watchone's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/242001/comments http://seekingalpha.com/article/101371-ford-federal-loan-package-doesn-t-entice-kerkorian-to-stick-around?source=feed#comment-289429 289429 Fri, 24 Oct 2008 08:44:46 -0400 http://seekingalpha.com/article/101371-ford-federal-loan-package-doesn-t-entice-kerkorian-to-stick-around?source=feed#comment-289072 289072 (1)There was no bailout of Chrysler. The government guaranteed a loan that Chrysler had arranged through a thrid party. The loan was paid back early with interest - there was $0 cost to the taxpayer
(2) Ford has about $38 billion they in cash and credit lines with $0 from the govt. in loans or guarantees. So we cannot make them file right now. If they do file though we -tax payers-are saddled with providing those who lost jobs in terms of pensions, lost taxes, and lost retirement benefits. Not only from Ford, but from dealers, suppliers and associated businesses. The factories will be torn down or rot...it is cheaper to build new and no one will invest in factories in MI without govt. incentives
(3) Compare the Chrysler in the early 1980's (we saved jobs, stabilized a company, retained shareholder value and saved associated businesses $0 to the taxpayer) to Kmart in the late 90's (shareholder value to 0, lost pensions, taxes etc.) and then VC guys pick up the pieces cheap and make a fortune]]> Thu, 23 Oct 2008 16:35:21 -0400 (1)There was no bailout of Chrysler. The government guaranteed a loan that Chrysler had arranged through a thrid party. The loan was paid back early with interest - there was $0 cost to the taxpayer
(2) Ford has about $38 billion they in cash and credit lines with $0 from the govt. in loans or guarantees. So we cannot make them file right now. If they do file though we -tax payers-are saddled with providing those who lost jobs in terms of pensions, lost taxes, and lost retirement benefits. Not only from Ford, but from dealers, suppliers and associated businesses. The factories will be torn down or rot...it is cheaper to build new and no one will invest in factories in MI without govt. incentives
(3) Compare the Chrysler in the early 1980's (we saved jobs, stabilized a company, retained shareholder value and saved associated businesses $0 to the taxpayer) to Kmart in the late 90's (shareholder value to 0, lost pensions, taxes etc.) and then VC guys pick up the pieces cheap and make a fortune]]> http://seekingalpha.com/article/93226-ford-ripe-for-the-bottom-picking?source=feed#comment-241568 241568 Ford has $38b liquidity, at there current burn rate it will be a LOT longer than 2010 before they are illiquid - and they still have the option of selling Volvo and 50% of Mazda and FMC. Mullaly answers to Bill Ford- there is a lot of incentive from Bill Ford, the Ford family, the US Gov., Kirk Kerkorian etc.. not to let Ford go bankrupt .

]]> Fri, 29 Aug 2008 10:01:15 -0400 Ford has $38b liquidity, at there current burn rate it will be a LOT longer than 2010 before they are illiquid - and they still have the option of selling Volvo and 50% of Mazda and FMC. Mullaly answers to Bill Ford- there is a lot of incentive from Bill Ford, the Ford family, the US Gov., Kirk Kerkorian etc.. not to let Ford go bankrupt .

]]> http://seekingalpha.com/article/90523-is-amazon-8217-s-kindle-success-sustainable?source=feed#comment-228581 228581 Tue, 12 Aug 2008 10:21:43 -0400 http://seekingalpha.com/article/90183-the-ford-debt-disaster-continues?source=feed#comment-228104 228104 QUALITY: Ford has three years of Fusion an Milans beating the Camry and Accord in Consumer reports and two years of the Edge ranking with the Pilot and Highlander. The f150 is better than the Tundra - the disgruntled workers have been sent home, the outdated factories shut down - the CEO is a manufacturing guy who is looking for 800/1000 --Lexus numbers.
PRODUCT: american cars have been wanting for years - but look at the cars Ford can design and build - the european Mondeo, Focus, Fiesta -these cars are better than the Japanese cars -much better in head to head comparisons. Ford will utilize its global prowess for the first time to get it right. Farley will make Mercury Ford's Scion, Lincoln Ford's Lexus and make Ford a Better Toyota. There is a well laid plan in place and they continue to execute on it. Volvo, 50% of Mazda and FMC can be sold when it makes sense -there is 38 billion in cash and credit, there is cash flow, there will be massive debt relief and overhead relief due to cuts - these guys are not going under.

]]> Mon, 11 Aug 2008 16:14:20 -0400 QUALITY: Ford has three years of Fusion an Milans beating the Camry and Accord in Consumer reports and two years of the Edge ranking with the Pilot and Highlander. The f150 is better than the Tundra - the disgruntled workers have been sent home, the outdated factories shut down - the CEO is a manufacturing guy who is looking for 800/1000 --Lexus numbers.
PRODUCT: american cars have been wanting for years - but look at the cars Ford can design and build - the european Mondeo, Focus, Fiesta -these cars are better than the Japanese cars -much better in head to head comparisons. Ford will utilize its global prowess for the first time to get it right. Farley will make Mercury Ford's Scion, Lincoln Ford's Lexus and make Ford a Better Toyota. There is a well laid plan in place and they continue to execute on it. Volvo, 50% of Mazda and FMC can be sold when it makes sense -there is 38 billion in cash and credit, there is cash flow, there will be massive debt relief and overhead relief due to cuts - these guys are not going under.

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