https://www.cnn.com/2023/06/22/business/ford-department-of-energy-loan/index.html
The government is trying to help Ford to stay in business for 2 more years.
7 replies (most recent on top)
That, ladies and gentlemen. is how you capture a company and make it do whatever you want it to.
Ford fires a bunch of people in June. This looks bad for the Regime.
Ford goes to Regime and says, "Give us money or we fire MORE people."
Regime gives Ford money.
No worries. Ford will file for bankruptcy in 2 years and they will not have to repay the loan.
Farley is cruising along for another year or 2, then he will resign. He has no vision, no leadership, no innovative to take the company forward. All of the people that are working under Farley are all useless. They are hanging on to get a buyout or to get enough money so they can retire. No way this company can survive.
Billion, not billions. I know grammar is hard.
I am assuming payback term and rate will be listed in audit report or annual shareholder repot.
What are the payback terms, interest rate and years to pay off? Is the loan forgivable like some of the COVID relief programs?
What a waste of tax payer money