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Old 07-26-2010, 11:13 PM   #21
BigAls87Z28
 
Join Date: Jul 2004
Location: West Long Branch
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Quote:
Originally Posted by 91chevywt View Post
You'll have to excuse me for still being a little bitter about all the bailouts and the notion of a business being 'too big to fail.' If I was producing a product that a customer quite frankly didn't want, the government wouldn't prop up 60% of my business...because I'm not big enough. GM's time was up. At least Ford had enough forsight to put together enough capital to research, develop, and market a product that Americans want. There's a reason why Ford's shares are rising in value. I think a lot of people like myself are still a little bitter about the bailout and the national debt as a whole.
America didnt want? Not to bring you back into reality...,but GM's problem wasnt sales. They were still #1 in America. Thier problem was making money per vehicle.
Ford didnt put any capital together! They put the whole company for sale to the banks to raise 18 billion!
When GM had a chance to do that, the banks were already failing and they had no where to turn.
Ford's shares are rising based on mentality like yours, a pure PR spectical.

Many of you dont recall nor gave a crap 2-3 years ago when Ford was doing this. Ford was on its heals, its stock sinking to all time lows, while GM was pumping out great product and striking one of the most historic deals with the UAW of all time, giving GM the ability to be compeditive in the market vs the imports.
As of 2007, GM had award winning products one after another. Malibu, CTS, Enclave, Acadia, Corvette, Tahoe, Suburban, Silverado, Sierra, Yukon, new Escalade, one after another with more coming. Volt, Camaro, Equinox, LaCrosse, Cruze, all the new Opels like the Insigna and Astra. Then you had the all new Holden line up, keeping Holden #1 in sales in Australia.
At the end of 2007, GM's stock was at one of the highest it has been in a long time, over 45 bucks a share, while Ford was tripping in single digits.

Ford's rise in share prices is because of perception. They still cary the largest debt load out of all of the Big 3. They still havent produced world class product, offering just mild refreshes to keep up.
You can say Im biased and whatever makes you feel better about your opinion, but the truth is that the only thing Ford is doing is winning the PR fight over GM.
BTW, GM is still posting increase in sales, even when compared to the company 2-3 years ago whent hey had twice the brands.
GM is making money as well, but they dont have stock prices to point to to show their "great job".
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Last edited by BigAls87Z28; 07-26-2010 at 11:16 PM.
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