Every time the TV media does a story on the automaker bailout situation, they throw up a graphic showing Ford, GM and Chrysler.
Some buddies of mine keep saying that Ford backed out and no longer is asking for federal money.
So what's the deal? Does ford want fed money? If not, why does the media keep using ford's logo and making references to "the big 3" when they report the issue?
Ford says it doesn't need the money right now, but it wants to have it available in case it needs the money next year.
Ford's current CEO raised a lot of money by "hocking" pretty much everything, including the blue oval trademark last year, deals which wouldn't happen in today's climate. Plus, they've sold off Jaguar, Land Rover, and Aston-Martin, and sold 2/3 of their Mazda stake.
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