Quote:
Originally Posted by mpsrent
And to top it off, the average Canadian car buyer, the non enthusiast type has a very positive image of Ford. Whatever Ford is doing, they are pushing all the right buttons. All the positive media Ford is receving is drawing car and truck buyers into their showrooms. I see more and more new Fords in driveways and on the roads, including people who owned other brands.
My next door neighbour came home with a brand new F150 last month. His trade? A Silverado. Ford Focus's are everywhere. The Edge is still plentiful as are Escapes. Ford has a balanced product line that appears to be hitting the mark with joe average consumers.
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All my neighbors replaced their Fords with Toyota and Chevy, individual perception is not a statistic. Ford has 4.7% increase in sales YTD but Hyundai and Kia 26.3% and 20.4%, Audi 25.3%, MB 17.9% and I can see that on the roads. Ford cars look newer and better comparing to old models but nothing like setting the world on fire, just better than before and sales numbers just show that. GM Canada car sales are in decline 40-50% for months now because beside a few products (CTS, Malibu, Camaro) everything else was stale and not competitve.
Quote:
Originally Posted by Extreme4x4
Correction:
Ford borrowed billions to restructure their company, counting on the fact that there would probably be a pretty good recession in there (of course nobody could predict how bad this one was).
They did not borrow money to keep the lights on.
You are mistaking GM's bailout, and Fords loan. GM's bailout WAS to keep the lights on.
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Being own by the bank or the government is the same dire position to me comparing to other healthy businesses.