Well the american auto indutstry finally has an answer to it’s questions of bailout. $17.4 billion dollars will be pumped into GM and Chrysler in the form of loans and hopefully keep them from filing bankruptcy. No one seems to win in this scenario, government money being used in private companies to stave off a continued domino effect that is taking place in the American economy right now. How did we let things get this far, that we have to provide government money to these companies to save thousands of jobs. 1 in 10 jobs to be exact. Our democratic free market doesn’t seem to have worked out very well recently.
It will be interesting to see what comes of American automakers in the next 18 months.
There is still great news for Ford fans despite the doom and gloom of the media. We’re turning a corner in the public eye, because of the hard work Ford Motor Company has done the last 3 years it was just announced that Ford just received more top safety ratings than any other manufacturer. Yippee! We’re also currently ranked equal or better with Toyota and Honda for the last two years. Safety, quality and reliability in products that consumers have been asking for, you’ll see these all in the Ford product line up in 2009, and in 2010 you’ll be blown away and won’t believe these products are Fords! Get ready it’s coming.
