[Vision2020] Bailout Funds and the Auto Industry

[Paul Rumelhart]

I think that's true of the biggest companies.  Does anyone know if Tesla 
got any funds?  In my opinion, they should have thrown a lot of cash at 
them and let some of the others fall on their face.

Paul

Art Deco wrote:
> Wasn't Ford the only major U.S. automobile manufacturer *not* to take 
> bailout funds?  And GM, who took them, now foreign owned and profitless?
>  
> W.
>  
>  
> Breaking News Alert
> The New York Times
> Thu, January 28, 2010 -- 7:13 AM ET
> -----typedef struct
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>
>
> Ford Says It Made $2.7 Billion in 2009, Its First Annual Profit in 
> Four Years
>
> The Ford Motor Company said Thursday that it made $2.7
> billion in 2009, and that it would be profitable in 2010 and
> beyond. Ford says it benefited from cost-cutting, debt
> reduction and popular cars and trucks like the Ford Fusion
> sedan and Escape SUV. Ford's net income of 86 cents per share
> rose from the year before, when it lost a record $14.6
> billion.
>
> Read More:
> http://www.nytimes.com?emc=na <http://www.nytimes.com/?emc=na>
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