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Uh oh..... More bad news.
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https://www.reuters.com/business/au...stellantis-investment-commitments-2024-10-23/
Washington inserting itself into the situation
Washington inserting itself into the situation
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https://www.fitchratings.com/resear...ook-to-negative-affirms-idr-at-bbb-21-10-2024
Finance guys don't like the stock
Finance guys don't like the stock
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I was about to say, Ford was pretty famously bailed out in the news, but it became a way back headline after the rest of the '08-'10 financial crumble and the other automakers having to take $$$ during the crisis. I used to argue that point to all my Ford friends back in the day when I was beating them with my SRT8 
Didn't Dodge pay all their borrowed money back too?
And as far as Tesla, I think their smart realization very early on was that they knew pioneering this technology would allow them to kind of live off the gov't subsidies as the desire for them to succeed was so high by the powerful environmentalists in power.
Didn't Dodge pay all their borrowed money back too?And as far as Tesla, I think their smart realization very early on was that they knew pioneering this technology would allow them to kind of live off the gov't subsidies as the desire for them to succeed was so high by the powerful environmentalists in power.
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I don't remember how Ford did it, but they were able to get their hands on cash before the market was frozen.
That is why GM and FCA needed the bailout money from the government. No banks were willing to open up as they were about to be gutted themselves.
Another instance where greed ran rampant until the door was slammed shut. No one bothered as people kept getting richer and richer.
I worked for a home builder at the time.
Build up new subdivisions within weeks. Problem, same guy would buy 5 or 6 of the new houses going up right next to each other. It was a huge flippers market and when the bottom fell out, it locked everything up.
Obama was elected in and policies put into place so that the economy would grow but just at a snails pace. Outside of COVID, it hasn't been down since. 16 year run and counting.
That is why GM and FCA needed the bailout money from the government. No banks were willing to open up as they were about to be gutted themselves.
Another instance where greed ran rampant until the door was slammed shut. No one bothered as people kept getting richer and richer.
I worked for a home builder at the time.
Build up new subdivisions within weeks. Problem, same guy would buy 5 or 6 of the new houses going up right next to each other. It was a huge flippers market and when the bottom fell out, it locked everything up.
Obama was elected in and policies put into place so that the economy would grow but just at a snails pace. Outside of COVID, it hasn't been down since. 16 year run and counting.
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