Quote:
Originally Posted by DaBears
Ford restructured it's debt among other things to avoid having to beg for help. So you tell me who is being more ethical here?
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Yes, Ford had just lost 15 BILLION the previous 2 years and saw the economic storm was coming and had a BIG fire sale. Sold off Jaguar and Land Rover for 2.3 billion (about half what they paid), liquidated most of their Mazda holdings, sold off Volvo, etc. Basically strip mined the company of anything worth anything to "focus on the Ford brand." Had they not been in the position to sell all that off at some big losses they'd have needed a bailout as well. Heck
Ford even sold the Ford blue oval for 1.5 billion but obtained rights to still use it of course.
http://www.nytimes.com/2008/03/26/bu...6cnd-auto.html
http://www.autoevolution.com/news/fo...res-26573.html
http://articles.nydailynews.com/2010...ar-tata-motors
http://www.thetruthaboutcars.com/200...either-do-you/