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There was a seperate auto industry bailout program: https://en.wikipedia.org/wiki/Effects_of_the_2008%E2%80%9310_automotive_industry_crisis_on_the_United_State
by pjlegato 10y ago
There was a seperate auto industry bailout program:
https://en.wikipedia.org/wiki/Effects_of_the_2008%E2%80%9310_automotive_industry_crisis_on_the_United_States https://en.wikipedia.org/wiki/Effects_of_the_2008%E2%80%9310...
- lern_too_spel 10y agoFord didn't take money from that program either.
- coredog64 10y agoThe bailout provisions required some pretty strict limitations on dividends. As I understand it, quite a few members of the Ford family derive a significant portion of their income from FoMoCo stock dividends. It doesn't hurt that Ford was able to borrow large amounts of money before the meltdown, so they had the capital to weather the storm.