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Old 09-13-2019, 03:52 PM
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Default "Moody’s Cuts Ford’s Bond Rating to Junk Status"



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Moody’s Investors Service cut Ford Motor Co.’s bond rating to junk status, citing weak cash generation and a yearslong restructuring plan that the auto maker is undertaking just as the car market softens globally.
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Old 09-13-2019, 03:53 PM
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I thought they were too big to fail...
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Old 09-13-2019, 03:55 PM
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ford has always been junk.....now its official on paper.
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Old 09-13-2019, 03:59 PM
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When Ford decided to quit making cars, I took that as a clue.
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Old 09-13-2019, 04:31 PM
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`

They're the only one that didn't need bailing out by the govt, when the other two did. Looks like they've really screwed the pooch in the last 8-9 years.

.
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Old 09-14-2019, 12:38 PM
Mule Skinner Mule Skinner is offline
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Originally Posted by Justme11 View Post
When Ford decided to quit making cars, I took that as a clue.
It will be interesting to see how the local dealers are affected by not having this product to sell. The Ford dealer in my town also sells Chrysler products (but not Fiat). Will local buyers switch over from Fords to Mopars?
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Old 09-14-2019, 01:22 PM
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Originally Posted by Chuckleberry View Post
`

They're the only one that didn't need bailing out by the govt, when the other two did. Looks like they've really screwed the pooch in the last 8-9 years.

.
They were not in the worst shape (comparatively) prior to the Great Recession but product wise they have been knocking out unappealing formulaic tin cans.
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Old 09-14-2019, 01:49 PM
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Quote:
Originally Posted by Chuckleberry View Post
`

They're the only one that didn't need bailing out by the govt, when the other two did. Looks like they've really screwed the pooch in the last 8-9 years.

.
They didn't take the bailout, but sold off Jaguar and I believe Land Rover instead. Possibly a bad move on their part.
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Old 09-14-2019, 01:59 PM
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Originally Posted by NCalHippie View Post
They didn't take the bailout, but sold off Jaguar and I believe Land Rover instead. Possibly a bad move on their part.
They didn't need the bailout. At the time, they were in much better shape than GM. Obama didn't force it on the car manufacturers like he did the banks.

Taxpayers lost a lot of money in the GM bailout. The gubbermint purchased the stock in the $50 to $55 range and quietly sold it in the $30 to $35 range. The only thing GM actually paid back was the loan for operating expenses, which they paid for out of the overpriced stock purchased by the sucker taxpayers.

U.S. government says it lost $11.2 billion on GM bailout

GM made $22.6 billion. We lost $10.6 billion

Saving union jobs does not come cheap.
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Old 09-15-2019, 11:24 AM
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This one hurts. I'm pretty long Ford, as in when it was up around 16 a share. Great dividend but damn the long term planning and investor communication are crap.
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