Point of Order: Ford HAS Taken Federal Money

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sjmmail2000-247@yahoo.co.uk - 29 Jul 2009 07:10 GMT

Ford applied for $11 billion dollars from the Department of Energy's Advanced Technology Vehicles Manufacturing program (ATVMP). It received $5.9 billion, payable over 25 years. They are applying for ANOTHER $5.1 billion. (For the math aversive, that would put them $.1 billion above their original request.) The mainstream media meme?that The Blue Oval Boyz are "pure" capitalists?is bunk.
Read More: http://www.thetruthaboutcars.com/point-of-order-ford-has-taken-federal-money/

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Ford NewsHub: Latest auto news sourced from websites, portals and blogs
http://www.carshops247.co.uk/news/Ford.html

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Dave D - 29 Jul 2009 07:35 GMT

> Ford applied for $11 billion dollars from the Department of Energy's
> Advanced Technology Vehicles Manufacturing program (ATVMP). It received
[quoted text clipped - 8 lines]
> Ford NewsHub: Latest auto news sourced from websites, portals and blogs
> http://www.carshops247.co.uk/news/Ford.html

And just exactly what "Point of Order" are you trying to make?

DaveD

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Mike - 29 Jul 2009 16:38 GMT

The feds gave our tax money to Nissan as well, from that program

>> Ford applied for $11 billion dollars from the Department of Energy's
>> Advanced Technology Vehicles Manufacturing program (ATVMP). It received
[quoted text clipped - 11 lines]
>
> DaveD

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Jim Warman - 29 Jul 2009 08:06 GMT

Without reading the article... it appears that Ford has applied for funding
from something other than a bail out program.... This appears, if the title
is to be trusted, as a R&D enticement...

In the grand scheme of things..... do you actually believe that anyone gives
a rats a.s what you f.cking think?

Did you know, Poohawk, that in the US the feds are giving people grants or
similar to get rid of old clunkers and buy a new car? Must piss you off
pretty bad, huh?

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Tom - 29 Jul 2009 10:22 GMT

yup. in it's infinite wisdom, the members of the obamanation are offering me
$4500 to junk my big comfortable "clunker" 99 crown vic with 63,000 miles on
it, that gets 30+ mpg on the highway, if i trade it in on a jap shitbox
sardine can that only gets 25-30mpg.

> Without reading the article... it appears that Ford has applied for
> funding from something other than a bail out program.... This appears, if
[quoted text clipped - 19 lines]
>> Ford NewsHub: Latest auto news sourced from websites, portals and blogs
>> http://www.carshops247.co.uk/news/Ford.html

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Eric Toline - 29 Jul 2009 15:37 GMT

> yup. in it's infinite wisdom, the members of the obamanation are offering me
> $4500 to junk my big comfortable "clunker" 99 crown vic with 63,000 miles on
> it, that gets 30+ mpg on the highway, if i trade it in on a jap shitbox
> sardine can that only gets 25-30mpg.

Your 99 CV won't qualify unless it gets a combined 18mpg or less.

Eric

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Mike - 29 Jul 2009 16:34 GMT

One does not get to "trade" the clunkers, the allowance in place of a trade
price. The clunker can not be sold its drive train must be scraped.

On Jul 29, 6:19 am, "Tom" <tjctransp...@optonline.net> wrote:

> yup. in it's infinite wisdom, the members of the obamanation are offering
> me
> $4500 to junk my big comfortable "clunker" 99 crown vic with 63,000 miles
> on
> it, that gets 30+ mpg on the highway, if i trade it in on a jap shitbox
> sardine can that only gets 25-30mpg.

Your 99 CV won't qualify unless it gets a combined 18mpg or less.

Eric

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D. Stussy - 29 Jul 2009 19:26 GMT

Meanwhile, they also determined that my 31 year old T-bird, which gets only
15 MPG doesn't qualify for the program. Except for its [disqualifying]
age, isn't that the type of vehicle they intend to target? Fortunately,
mine is well maintained and I work at home, so it's not on the road 200+
miles/week for commuting.

As to the OP, who cares? Research money wasn't "bail-out" money.

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Mike - 29 Jul 2009 16:36 GMT

The Jap Government has been giving money to all of their manufactures,
including the auto manufactures ever since WWII.

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Jim Warman - 30 Jul 2009 03:20 GMT

Dear Mike... the Jap government may have been doing this... however - the
money has to come from <somewhere>. I think it is really big of you to
volunteer to cover a bill this big.... This will remove a tremendous burden
off of rank and file tax payers....

Whoops? That wasn't the intent of your post? Gosh.... even the Japs have to
get the money from somewhere.....

Perhaps you'd like some time to research some of the concessions that are
made to large corporations (not limited to automobile manufacturing) every
day and everywhere... and at all levels of government....

> The Jap Government has been giving money to all of their manufactures,
> including the auto manufactures ever since WWII.
[quoted text clipped - 22 lines]
>>> Ford NewsHub: Latest auto news sourced from websites, portals and blogs
>>> http://www.carshops247.co.uk/news/Ford.html

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Mike - 30 Jul 2009 16:35 GMT

Perhaps, but in either case it comes from the consumer and the taxpayers.
I personally chose not to help, back in 1999, and I stopped buying anymore
of the Japanese cars I had been buying.

In the case of the Jap corporations it comes from the American consumer AND
taxpayers in the profits that they take back to Japan, US corporate tax
free.

Allowing American corporation to keep some of the taxes they pay to the
federal government to grow their business is hardly a concession, rather the
smart thing to do.

The times when more dollars were allowed to stay in the economy, to be
taxes every time they change hands, it grows the income to the federal,
state and local governments as history has proven it did when Kennedy,
Reagan and Bush cut the tax RATES.

> Dear Mike... the Jap government may have been doing this... however - the
> money has to come from <somewhere>. I think it is really big of you to
[quoted text clipped - 34 lines]
>>>> Ford NewsHub: Latest auto news sourced from websites, portals and blogs
>>>> http://www.carshops247.co.uk/news/Ford.html

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Grasshopper - 30 Jul 2009 02:45 GMT

Fair enough.

Food for thought. Who or what will loan Ford that amount of money for R&D
for the purpose noted at the present time?

Will Bill and Ford have to resort to brown-nosing the federal government,
that is its elected politicians and so forth as a result of this loan? Or is
it purely a business loan from the U.S. government that will not be maligned
by politicians to exert their power and illusions of grandeur? That is, are
their strings attached other than payback of the loan in a timely basis?

Signature

Dave

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C. E. White - 30 Jul 2009 12:26 GMT

> Ford applied for $11 billion dollars from the Department of Energy's
> Advanced Technology Vehicles Manufacturing program (ATVMP). It
> received $5.9 billion, payable over 25 years. They are applying for
> ANOTHER $5.1 billion. (For the math aversive, that would put them
> $.1 billion above their original request.) The mainstream media
> meme?that The Blue Oval Boyz are "pure" capitalists?is bunk.

As far as I know there are not any "pure capitalist" anywhere. The US
governement created this program to encourage the development of
vehicles of a certain type that politicians think will create an
advantage (mostly for politicians). Ford would be stupid not to get in
on a program like this. As far as I know any company building vehicles
in the US can apply for this program. And to be honest compared to the
billions the Japanese goverment has given to Toyota over the years to
support their operations, it is chicken feed.

Ed

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