Word: gm
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Dates: during 2000-2009
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...feel too badly for Detroit. Becker says the company that perhaps does best under the proposed rules is the government's own car company, General Motors. GM benefits from the EV exception and also from the changes in the rules that will allow sales of larger vehicles like pickup trucks through a separate loophole that permits automakers to "borrow" credits from the future. Kliesch says the flexibility is fine but asks where the guarantee is that the companies will make good on promises to repay borrowed credits. "That's why you need some kind of backstop [in the rules...
...heavy debt is a healthy stock price, which Ford increasingly enjoys. The stock is up from about a buck last November to a recent price of $7.30 per share, and in May, Ford was able to raise $1.6 billion through a common-stock offering of 345 million shares. GM, by contrast, is hoping to do an IPO next year. (Read "Despite Losses, Ford Still Spurns Federal...
...wages, work rules and retiree health-care elements in its agreement with the United Auto Workers (UAW), as well as some reduction in debt, the maintenance of a sizable liquidity position and a more competitive product portfolio. (Ford obtained concessions on wages identical to those the UAW approved at GM and Chrysler, though Ford is now negotiating for additional work-rule changes and a no-strike clause...
...feel very good about that," the Ford chairman added. "There are always competitive issues, but I like the fact that we are the master of our own destiny, and I like the fact that our products are getting rave reviews. I wouldn't trade places with either [GM or Chrysler]." (Read "A Brief History of the Model...
Jesse Toprak, an analyst with TrueCar.com, says that while GM and Chrysler carry smaller debt loads than Ford, the advantage seems rather slender, given Ford's rising stature in the eyes of consumers. A new survey by Consumer Reports shows that potential buyers prefer Ford products to those of either GM or Chrysler. Further, in the latest initial quality studies done by J.D. Power & Associates, Ford was tied statistically with Toyota in terms of overall quality - it's best showing ever...