No they did not. Ford took out a mess of loans that were backed by the US government. Near 6 billion dollars that they are paying back. They even had their "Blue Oval" trademark in the pawn shop for awhile but finally paid up and got it back.
The last accounting for GM that I read comes to we tax-payers being out 15 billion dollars. Not exactly "chicken feed." Some sources say 9, some 11, and others 15 billion. Technically, I think we lost 9 billion on GM that we will never get back and the US government has another 15 billion invested in what used to be GMAC finance company. Chrysler is completely gone as a US company. Sold for next to nothing to Fiat with an agreement to keep it going for X amount of time (I did not read all the fine print of that very convoluted deal). Chrysler and RAM are solely owned by Fiat of Italy.
I am not a huge Ford fan - or at least wasn't until recently. I give them credit for keeping themselves afloat and not whining to the US government to be bailed out due to gross miss-management like GM did.
I think every US taxpayer ought to get a huge price break on every GM since we all bank-rolled their incompetence.
I also question the logic that "jobs were save" by the bail-outs. That would only be true if . . . collectively . . . less people were going to buy cars if GM went under. I doubt that. The slack would of been picked up by another car company and it takes X amount of workers to make X amount of cars. I doubt ANY jobs would of be lost in the final total job count for the auto industry.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
... [Read Article]
Latest Ad:
1965 International Harvester McCormick Farmall cub tractor 2,500. Two owner tractor. My grandfather bought new in 1966, then we inherited it. Have all the paperwork original manual and all maintenance records. It starts and moves. Comes with underbelly mower, plough, and some other attachments.
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
