Canadian auto sales down, but Ford bucks the trend

[doh]

Ok I don't have Excell at home

But I can say that our "Polk reports" say that in our market area, Year to Date August, Gm has lost 22%, Chrysler has lost 25% YTD "Us Ford" has gained 2%. Overall industry has dropped 9%

And this area has no Honda/Toyota stores, and that is with all of the US vehicles coming in, with the dollar the way it is.

[Extreme4x4]

Originally Posted by neshapop

Being own by the bank or the government is the same dire position to me comparing to other healthy businesses.

Do you have a loan on your home?? Do you consider the bank to own your home, or you??

Do you have a vehicle loan?? Do you consider said vehicle to be yours, or the banks??

Both of the above are collateralized loans. Just like Fords loan.

There is a big difference. Ford put up collateral for their loan. There is no difference between that, and you buying your home. The bank does not have ownership interest, they have lienholder interest. All this means, is you have to pay the bank off, if you wish to change ownership (sell your ownership interest).

This is a HUGE difference to GM and Chrysler, where the government and the UAW have an actual ownership interest.

In GM and Chryslers case, their ownership interest can have a direct affect on what GM and Chrysler does. In Fords case, the banks lienholder interest has NO direct affect on Ford, as long as Ford makes their payments.

Much in the same way as your mortgage holder has no say in what you do with your home, as long as you make the payments, and keep insurance on said property.

BTW, almost all business's have loans, and are leveraged. This allows them to grow and to handle fluctuations in the marketplace. So, by your definition, I guess almost all business's are a failure also??

[K-1]

Originally Posted by Extreme4x4

This is a HUGE difference to GM and Chrysler, where the government and the UAW have an actual ownership interest.

In GM and Chryslers case, their ownership interest can have a direct affect on what GM and Chrysler does. In Fords case, the banks lienholder interest has NO direct affect on Ford, as long as Ford makes their payments.

Ford is going to refinance that debt with a debt-equity swap (according to wescoent). That lienholder interest then become ownership interest. What say you then?

[Extreme4x4]

That they are doing this on their own.............. without MY money.

The way it should be.

All public companies sell their stock, to help to finance their business. Ford would be stupid, to not take the opportunity, and run with it. Again, it is called smart money.

Frankly, if some of you don't see the difference, then I am done with you. You can make all of the justifications for what GM has done, if it makes you feel better. It does not change the facts.

Remember that GM couldn't do any debt/equity swaps, because no sane investor would take part. Again, it is about controlling your own destiny, or having your destiny controlled for you.

[ford&holden]

Originally Posted by K-1

Ford is going to refinance that debt with a debt-equity swap (according to wescoent). That lienholder interest then become ownership interest. What say you then?

Do you HONESTLY think GM is better than Ford currently??

[K-1]

Originally Posted by ford&holden

Do you HONESTLY think GM is better than Ford currently??

Honestly, I think they're about even, but with GM ahead in sales. When Ford swaps their debt and gets their new products out, they'll be even closer. They'll also need to get a competitive labor contract, near that of GM and Chrysler. I hear they're negotiating now, so hopefully something good comes of it.

Frankly, until the Q3 financials are released, you, I, and everyone else can speculate all we want, but it won't mean squat. The proof is in the pudding, as they say.