they also had help from "Geithner's Bank"
I always had assumed that Ford had survived the 2008-2010 automobile crisis by being better managed. Turns out that they just took out a huge loan in 2007, giving them the cash to persevere through flagging SUV sales, which US automakers had oriented their companies to.pic.twitter.com/HCiqcgfDaK
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New conversation
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Pretty sure they did a massive restructuring in 2006 that was effectively ch 11 closing plants and renegotiating everything but Ford family kept ownershiphttps://www.nytimes.com/2007/01/25/business/25cnd-ford.html …
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Thanks for this.
End of conversation
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