Leave it to Ford Motor Company to be the first company to really jump into Social..
And not take bailout money…
And look at moving forward with integrating cool Tech into cars…
It's why I drive a Ford
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Ford is privately owned (that is, not to be found on Wall Street), which means they're not subject to the vicissitudes of the stock market and the quarterly earnings call. That means their executives make decisions based on what's in the long-term interests of the stockholders, and cannot make money for themselves by playing games to manipulate share price so they can take a short term gain in the market at the long-term expense of shareholders.
You know why they didn't take bail out money? A few years prior they took a huge loan from the government to save what was then their troubled company. So Ford isn't so tough. I'll find the story on the Detroit news that pointed out how Ford took millions from the government to help them restructure.
"Ford received $5.9 billion in loans from the Energy Department's $25 billion retooling program in 2009 — but didn't seek a bailout or undergo government-ordered bankruptcy restructuring."
From The Detroit News: http://detnews.com/article/20110929/AUTO01/109290484/Ford-denies-White-House-pressure-to-pull-ad–House-seeks-answers#ixzz1blBsBVTk
Ford is publicly owned and traded on the New York Stock Exchange. Stock symbol is F. They've been there for decades.
+Terry Green Well, a majority of the stock is held by a fairly small number of people, which makes it behave as if it were privately held.
Except they still have to meet earnings projections just like any other publicly-traded corporation or their capital vanishes and the stock price falls. Family control doesn't change that.
Trust me as someone who owns a tiny amount of stock – it has been less then stellar and I have lost money – so I think there are many that are much more unhappy than I….
+Kevin Gault I would be interested in seeing that article…. as I had no idea of that…. only they were not bailed out in this last nightmare…
I edited my post with a direct quote from the article and a link to the article it was from, so they took 5.9 Billion, it's no wonder they didn't a bail out. 😉
+Kevin Gault Hmm – I wonder if all the other manufacturers took huge money like that also and then were also bailed out….
I tried doing some quick research and all I could find is that the other 2 may not have gotten money from the Energy Dept since they were being considered for the bail out money. That was as of March 2009. So who knows I couldn't find more, sadly.