Comment Re:465 Million $ loan?? (Score 1) 248
That depends on your point of view. Ford turned down the loan from the TARP program, which most people are referring to as bailout money.
But Ford did accept a $5.9 billion dollar loan from the Department of Energy and has asked for another $5.1 billion.
Some people argue that the DOE money is not bailout money because it is part of a program to get automakers to build cars that are 25% more fuel efficient. Some people say that this view is bullshit and it is all bailout money.
But Ford did accept a $5.9 billion dollar loan from the Department of Energy and has asked for another $5.1 billion.
Some people argue that the DOE money is not bailout money because it is part of a program to get automakers to build cars that are 25% more fuel efficient. Some people say that this view is bullshit and it is all bailout money.