DieselnHooters
Platinum Member
Call it what you want. The fact remains that Ford took tax payer $$$$ just like the others. Ford still hasn't payed it back. So, did Ford take a loan from the tax payers ?? Yes. GM & Chrysler paid their loan back. More than you can say for Ford
Automakers' Report Card: Who Still Owes Taxpayers Money? The Answer Might Surprise You - Forbes
I am mostly aware of the canadian side of the bailouts, I presume the american version is similar only with bigger numbers.
Chysler and GM are doing better these days but its no big surprise when you relieve any company of its debt thru bankruptcy and stuff it with taxpayers $ _it would be remarkable if cash flow and profits did not improve lol
So yeah it did save jobs but at what cost?
After subtracting the partial repayment made by both cies, the gvmt's sale of some shares they got via the bailout and the current value of GM stock taxpayers are still out $810 million on Chrysler and $4.74 billion on GM. Using present employee counts, that means taxpayers offered up $90,000 per Chrysler employee and $474,000 per GM employee
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