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My understanding is that in 2009 Ford rejected the bailout the US automakers were offered (taking instead a loan which they are still repaying, through 2022).
by ilove_banh_mi 8y ago
My understanding is that in 2009 Ford rejected the bailout the US automakers were offered (taking instead a loan which they are still repaying, through 2022).
GM was effectively nationalized (at a reported cost of $11b) and the creditors lost their shirts.
- gamblor956 8y agoFord received a different bailout. Also, I mixed up GM and Chrysler on which of them repaid the loan.