foxnews.com - 12/2/2008
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Ford Motor Co. is asking Congress for a $9 billion "stand-by line of credit" to stabilize its business, but says it doesn't expect to tap it. Unless one of Detroit's other Big Three auto companies goes bust, Ford expects to have enough money to make it through next year without government help, ...
foxnews.com - 12/2/2008
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foxnews.com —
"We only have one president at a time."
That's what Barack Obama said in his first press...
conference after defeating John McCain on Nov. 4. But in the four weeks since he became president-elect, the omnipresent Obama has taken the lead -- and some say ...
(more)
Is Obama America's First Co-President? - FOXNews.com ...
online.wsj.com - 12/3/2008
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online.wsj.com —
Ford released its business-recovery plan to Congress, emphasizing
cost-cutting steps and improved fuel economy of its fleet,...
aiming to complete an aggressive restructuring without accessing loans. (Report)
(more)
Ford to 'Aggressively Restructure'
transition.americanobserver.net - 12/8/2008
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transition.americanobserver.net —
President-elect Barack Obama President-elect Barack Obama Transition Tracker
is a project of American University School of Communication's...
graduate journalism program. It aims to report on the challenges facing the new administration and the new ...
(more)
Transition Tracker | A project of American University ...
Comments
Blog Reactions
No Auto Bailout
Anwyn's Notes in the Margin —
Stupid stunts as the politics of finance. Of the very thin specifics of Ford’s plan in the linked article, they are all salary cuts or freezes for management. When it comes to what the UAW will sacrifice, there is a vague sentence about “cost cutting.” No bailout. ...
Ford CEO To Money-Bags Congress: I’ll Work For A Buck And Screw Management And Salaried Up The Rear … Just Show Me The Money
Pat Dollard | Young Americans —
... in it’s power to cripple and destroy it.
All this begging is pathetic …
Ford Business Plan here
Ford says CEO Will Work for $1 to Get Government Loans -
Ford is presenting a plan to Congress this week that also says it will cancel all management employees’ 2009 bonuses and will not pay any merit increases for its North American salaried employees next year.
(FOX)
Ford Motor Co. CEO Alan Mulally says he’ll work for $1 per year if the automaker has ...
Related: Ford
Ford sales off 31%, Toyota sales off 34%
calculatedrisk.blogspot.com 12/2/2008 — From MarketWatch: Ford, Toyota post steep sales declines Ford Motor Co. on Tuesday reported a 30.6% drop in November U.S. vehicle sales, which served as a timely reminder of the brutal sales climate with automakers returning to Capitol Hill in hopes of gaining access to $25 billion in loans. ...