Is Ford going to be bankrupt as well?

[redorange]

yep

automakers (US or foreign) will not be selling cars like they did during the boom years

lenders will no longer just give anyone a car loan (tighter lending standards)

new cars won't be leaving the dealership car lots as fast as before

the automakers better get used to it

Lenders are willing to let people borrow money for car loans, the problem is people aren't applying for loans because of the bad economy and not knowing if they will have a job a month from now. We just bought a car and even applied for the loan from the bank in the dealership using the managers computer and had it approved within minutes of clicking submit. Even bought a Dodge so we can help to stimulate this economy.

[tidus1203]

If you wanna stimulate the local car industry buy a Ford cause they are the one who really has a chance of survival. Forget GM and Chrysler they are IMO hopeless cases...

[redorange]

If you wanna stimulate the local car industry buy a Ford cause they are the one who really has a chance of survival. Forget GM and Chrysler they are IMO hopeless cases...

Funny cause the last I looked they are still operating and selling cars. You also must not like the underdogs so you always go for the favorites, it's a good thing your opinion only matters to you.

[tidus1203]

Yep kaya nga may IMO. Pero its your money, your call. Just saying if ako ayaw ko too risky...

[uls]

Lenders are willing to let people borrow money for car loans, the problem is people aren't applying for loans because of the bad economy and not knowing if they will have a job a month from now. We just bought a car and even applied for the loan from the bank in the dealership using the managers computer and had it approved within minutes of clicking submit. Even bought a Dodge so we can help to stimulate this economy.

yes, there's low demand for credit coz people are already deep in debt and are trying to pay down debt

and yes, people are worried about job security

you were approved immediately coz you probably have good credit standing/high FICO score

[tidus1203]

It works both ways. People don't want to borrow, lenders are also now more picky. In the boom days even if you worked as a janitor at McDonald's you can borrow money to buy a car these days I doubt you could...

[uls]

Funny cause the last I looked they are still operating and selling cars. You also must not like the underdogs so you always go for the favorites, it's a good thing your opinion only matters to you.

everyone knows companies in bankruptcy restructuring still operate

Chrysler is still operating

its dealers are still selling cars

GM will still operate past June 1 even if it files Chapter 11

the point is, supporting a company is kinda like rewarding it

if you buy Ford cars, it's like rewarding Ford for doing a better job staying alive (unlike those 2 zombies)

If you bought a Dodge, you just rewarded a zombie company for trying to stay alive using taxpayer money

[uls]

the point of tidus is GM and Chrysler should be DEAD

that's what i think too

if it wasnt for the USG interfering with the laws of nature (survival of the fittest), GM and Chrysler wouldnt have made it past 2008

Ford is the fittest among the 3

it deserves to survive... more than the other 2

that's why tidus said it's better to buy Ford cars

support the winner, the fitter one, not the losers, the zombies who need taxpayer help

and that's what i think too

[niky]

Ford makes cars that are more desirable. Aside from the aging Escape and Mark I USM Focus, their US lineup is full of cars that are truly competitive with the Japanese in terms of desirability and reliability (shocking, huh?). Their European line-up includes the class-leading Mondeo and Euro-Focus, and is sure to be bought out by another company should Ford USA actually go under.

Ford is definitely in trouble. All the automakers, including Honda and Toyota, are. But they've been trying to effect changes to improve their products for the past few years, and it shows. Chrysler just keeps digging itself deeper into a money pit. Even sharing platforms and engines with Mitsubishi and Hyundai (The Lancer and Caliber have the same engine and drivetrain) doesn't help them much. The Lancer is actually a desirable product, while the mechanically similar Caliber is just completely off-the-mark. The Jeep Compass based on it is even worse.

GM has just made way too many terrible decisions. Poor products. Poor interior quality and reliability. Poor product planning and placement... too many competing sub-brands, brand-engineering that takes the worst of all worlds... (Buying out Daewoo was probably the stupidest thing any major manufacturer could do...)... GM, despite having the odd hit here and there (the Corvette, the Malibu, the Cadillac CTS), deserves to die.

-

This truly is a carpocalypse. With even the mighty Toyota burning through over 8 billion dollars last year (despite a multibillion dollar profit in the first half of 2008), fate only knows which carmakers will be left standing. But here's the thing... if you're going to buy a car in this market, reward the makers who make cars that are actually worth buying.

[uls]

as the credit bubble grew, the automakers of the world also grew

post credit bubble, the automakers, large as they are, couldnt adapt quickly to the new environment

their production capacity was designed for boom times

as the credit bubble deflated, the automakers still produced at full capacity, leading to record high inventory

it took them a while to finally decide to cut back on production

now, the automakers of the world can only hope and wait...

hope that the global economy will finally recover

wait for consumers to start borrowing and spending again

while hoping and waiting, the automakers are burning cash

this crisis is suppose to separate the strong from the weak

in the months to come, we will see which is which