Posted April 7th, 2009 in Entrepreneurship.
After months of pressure from the federal government to push down General Motors’s and Chrysler’s debt loads, a deal remains far out of reach. With the promise of further federal bailouts, no debt-holders wants to make concessions—accepting just 30 or 40 cents on the dollar, and much of that in possibly worthless stock—when holdouts could wind up paid in full.
Bailout-free Ford announced yesterday that investors agreed to swap nearly $10 billion dollars in its debt for cash and stock, reducing its total debt burden by 28 percent. The price: about 38 cents on the dollar. After the late-afternoon announcement, Ford stock rallied, gaining 16 percent.
The Gov says they will (which means we will) gaurantee the warranties of GM & Chryslers bought this year. They wasted our tax money on this lost cause already so do you believe your investment is safe if you buy these cars?
Answer by Anonymous at 11:00 AM on Apr. 8, 2009
Answer by Anonymous at 11:11 AM on Apr. 8, 2009
Answer by Anonymous at 11:29 AM on Apr. 8, 2009
Answer by tgiamt at 11:29 AM on Apr. 8, 2009
Answer by smalltowngal at 11:38 AM on Apr. 8, 2009
Answer by Anonymous at 11:40 AM on Apr. 8, 2009
Answer by lovinangels at 11:44 AM on Apr. 8, 2009
I have an old Chrysler minivan and I promised that I'd never buy another Chrysler. My next car will be a Honda. I had a Honda in high school (bought it used) and I drove it for 10 years and then sold it to my brother who had it for 5 years before it finally fizzled out. My minivan was a piece of crap from day one. I may consider buying a Ford since I respect their business decisions so far. I think the government will find a way out of those warranty contracts. I don't think they will be honored.
Answer by anime_mom619 at 12:04 PM on Apr. 8, 2009
Answer by mancosmomma at 12:09 PM on Apr. 8, 2009
Answer by stacymomof2 at 12:15 PM on Apr. 8, 2009
Next question overall
ok, me and BF have been seeing each other about 10 months. he is a PACKRAT...