My Tundra and all other Toyota's are built in the US. My latest was built in San Antonio, and they didn't need obama to bail them out.
Ford, GM and Dodge have parts and assembly areas in Mexico and Canada.
Dodge is owned by a European country.
I don't believe there is any vehicle in the U.S. that is built and assembled by 100% American labor and parts.
We are financing a lot of foreign businesses/governments in our auto buying.
With regard to Ford, your first story mentioned it, but your second one didn't. Ford will have the "loans" paid off in a few more years. Will GM and The Chrysler Group be paying theirs off as well? If not, then my comment still stands.
In addition, I remember a story where GM's CEO was in a "big" TV commercial stating that GM had "already paid off their loans with interest." However, a government official cleared it up when he stated that GM had paid off the "initial" loans with other money that it had gotten from the government. I just can't seem to find that story about the commercial. After all, that was about 9 or 10 years ago.
In addition, I remember a story where GM's CEO was in a "big" TV commercial stating that GM had "already paid off their loans with interest." However, a government official cleared it up when he stated that GM had paid off the "initial" loans with other money that it had gotten from the government. I just can't seem to find that story about the commercial. After all, that was about 9 or 10 years ago.
There is still about $9 billion or so the government has written off, I believe, from GM, Chrysler Financial, Ally Financial etc. I think.
Hasn't everyone paid back their loans? I know GM did with interest. Didn't Ford have to take the money, but didn't "need" it? It was mainly due to the crazy capital requirements from Dodd Frank or the beginnings thereof? I could be WAY off.
Arguing about this shyt is retarded IMO.
Arguing about this shyt is retarded IMO.
The US Treasury bought out a ton of GM shares (61% of the company?) and finally sold all of it off in late 2013, with a total loss of over $10 billion.
Should've kept them till they were even.
I actually canceled a couple of my cards and it didn’t hurt my score. I was always told it would until I asked the loan officer at Tinker and she said it doesn’t effect it.
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