Word: federales
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For many years, Ford Motor Co. was considered the sickest of Detroit's car manufacturers. But conventional wisdom was stood on its head last fall when Ford parted company with General Motors Corp. and Chrysler Group LLC by forgoing federal help during the most perilous times for automakers.
By the end of that crisis, GM and Chrysler had received a total of $64 billion, while Ford got nothing - though like other automakers, it is receiving federal aid to develop green technologies. (Read "Ford Family Values: Why the Automaker Wants to Go It Alone.")
Now, nine months later, Ford appears to be well along on the road to recovery and in many ways is in a stronger position than its longtime rival GM. While Ford's senior executives say the company won't reach sustained profitability until 2011, the company surprised analysts by posting...
But necessity can make history obsolete. As proof, the Obama Administration has launched a full-court press to win Shelby's support for its financial-reform proposals, which the President will push Sept. 14 in a noon speech at Federal Hall on New York City's Wall Street. "We are...
But even if comity rules, there are plenty of hurdles preventing Shelby, Dodd and the Treasury from coming together on a consensus bill. Dodd, facing a tough re-election battle in Connecticut, needs to please his base with a left-leaning bill, while staffers say Shelby has issues with the...