[Vision2020] Bailout Funds and the Auto Industry

[Ron Force]

Tesla got $465 million in loans to finance a plant to build their new sedan. On the other hand, Nissan got $1.6 billion loan to finance the Smyrna Tennessee plant to build their electric car.


Ron Force
Moscow ID USA


________________________________
From: Paul Rumelhart <godshatter at yahoo.com>
To: Art Deco <deco at moscow.com>
Cc: Vision 2020 <vision2020 at moscow.com>
Sent: Thu, January 28, 2010 8:41:09 PM
Subject: Re: [Vision2020] Bailout Funds and the Auto Industry

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
> {
>   long  count;
>   char  *data;
>   FILE  *fp;
> } FILE_DATA;
>
>
>
> 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>
> ------------------------------------------------------------------------
>
> =======================================================
>  List services made available by First Step Internet, 
>  serving the communities of the Palouse since 1994.  
>                http://www.fsr.net                      
>           mailto:Vision2020 at moscow.com
> =======================================================


=======================================================
List services made available by First Step Internet, 
serving the communities of the Palouse since 1994.  
              http://www.fsr.net                      
          mailto:Vision2020 at moscow.com
=======================================================



      
-------------- next part --------------
An HTML attachment was scrubbed...
URL: http://mailman.fsr.com/pipermail/vision2020/attachments/20100128/6f5faf97/attachment.html