Looks like FORD is getting 25 billion from the Gov......along with Nissan....Posted under Fox Bussiness.....
ow FORD is getting into the loan program
- Thread starter rszappa1
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That would be sad news as for as I'm concerned.
The tenticles of the GOV are now getting into Ford and Nissan. Nissan surprises me as it is a non american comany....
Ford will be getting $5.9 billion in loans to help accelerate the production of "fuel efficient" cars. Nissan and Tesla (among others -- including battery manufacturers and suppliers) are getting similar loans.
The big difference in these loans and the bailout is that the companies have to show they are financially viable to get them. GM isn't eligible at the moment.
Post-bankruptcy Chrysler is expected to get $6.4 billion.
Originally Posted By: rszappa1
The tenticles of the GOV are now getting into Ford and Nissan.
I honestly don't think Ford would be taking the money if that were really the case.
The big difference in these loans and the bailout is that the companies have to show they are financially viable to get them. GM isn't eligible at the moment.
Post-bankruptcy Chrysler is expected to get $6.4 billion.
Originally Posted By: rszappa1
The tenticles of the GOV are now getting into Ford and Nissan.
I honestly don't think Ford would be taking the money if that were really the case.
It is still a loan....A loan needed because they did not have the forsite to retool years ago....
And why is Nissan getting money from Uncle Sam? Shouldn't they getting money from Tokoyo?
And that's as far as I dare go lest I get edited for content...
And that's as far as I dare go lest I get edited for content...
Originally Posted By: rszappa1
It is still a loan....A loan needed because they did not have the forsite to retool years ago....
Yep, a loan, not a bailout, and how do you know it is "needed"? The government will get it's money back in these cases.
This is part of a $25 billion program to fund fuel-efficient vehicles to help manufacturers cope with the government's strict 2015 fuel economy requirements.
Over 75 companies have applied to get a part of this fund. This is also why Nissan can get a piece of the action, it's not a measure to preserve the domestic auto industry, it's a measure to ease the burden on manufacturer's caused by the government's accelerated fuel economy requirements.
Originally Posted By: opus1
And why is Nissan getting money from Uncle Sam? Shouldn't they getting money from Tokoyo?
And that's as far as I dare go lest I get edited for content...
See above. It's not a bailout, it part of a pre-approved fund to ease the burden on OEMs. A burden created by the government with pointless CAFE standards.
It is still a loan....A loan needed because they did not have the forsite to retool years ago....
Yep, a loan, not a bailout, and how do you know it is "needed"? The government will get it's money back in these cases.
This is part of a $25 billion program to fund fuel-efficient vehicles to help manufacturers cope with the government's strict 2015 fuel economy requirements.
Over 75 companies have applied to get a part of this fund. This is also why Nissan can get a piece of the action, it's not a measure to preserve the domestic auto industry, it's a measure to ease the burden on manufacturer's caused by the government's accelerated fuel economy requirements.
Originally Posted By: opus1
And why is Nissan getting money from Uncle Sam? Shouldn't they getting money from Tokoyo?
And that's as far as I dare go lest I get edited for content...
See above. It's not a bailout, it part of a pre-approved fund to ease the burden on OEMs. A burden created by the government with pointless CAFE standards.
Originally Posted By: rszappa1
The tenticles of the GOV are now getting into Ford and Nissan. Nissan surprises me as it is a non american comany....
Doesn't suprise me. Chrysler was a private company. Nothing really truly suprises me.
The tenticles of the GOV are now getting into Ford and Nissan. Nissan surprises me as it is a non american comany....
Doesn't suprise me. Chrysler was a private company. Nothing really truly suprises me.
Originally Posted By: rszappa1
Looks like FORD is getting 25 billion from the Gov......along with Nissan....Posted under Fox Bussiness.....
I just took Ford off my list along with Chrysler and GM.
Guess it's "Import" only for me now...
Looks like FORD is getting 25 billion from the Gov......along with Nissan....Posted under Fox Bussiness.....
I just took Ford off my list along with Chrysler and GM.
Guess it's "Import" only for me now...
Originally Posted By: StevieC
Originally Posted By: rszappa1
Looks like FORD is getting 25 billion from the Gov......along with Nissan....Posted under Fox Bussiness.....
I just took Ford off my list along with Chrysler and GM.
Guess it's "Import" only for me now...
What import is that going to be be? Nissan has already been approved, and I'm sure Toyota and Hyundai will be a getting a piece of the action before it's over.
Here's the details of the fund:
http://www.energy.gov/news/6709.htm
People are really jumping the gun here, or rather don't understand the nature of the loans.
ATVMLP website: http://www.atvmloan.energy.gov/
Originally Posted By: rszappa1
Looks like FORD is getting 25 billion from the Gov......along with Nissan....Posted under Fox Bussiness.....
I just took Ford off my list along with Chrysler and GM.
Guess it's "Import" only for me now...
What import is that going to be be? Nissan has already been approved, and I'm sure Toyota and Hyundai will be a getting a piece of the action before it's over.
Here's the details of the fund:
http://www.energy.gov/news/6709.htm
People are really jumping the gun here, or rather don't understand the nature of the loans.
ATVMLP website: http://www.atvmloan.energy.gov/
I bet not.....I want to see how this gets "Spinned"
We will see... If everyone gets a loan then I will consider the one who took the least of the taxpayers money and work my way up from there.
I just hate supporting a company that screwed the public via tax-dollars.
I just hate supporting a company that screwed the public via tax-dollars.
Well, this is a lot different than a bailout. Seems a lot of us did jump the gun on this. I like this part.
Eligibility:
Congress set forth the criteria for projects and costs eligible to receive direct loans. The key criteria for qualified advanced technology vehicles or qualified components require:
Manufacturing facilities be located in the U.S.;
Engineering integration be performed in the U.S.;
Costs be reasonably related to the reequipping, expanding, or establishing a manufacturing facility in the U.S.; and
Costs of engineering integration be performed in the U.S.
Loans will not be available on a retroactive basis; past advanced technology investments are ineligible.
Eligibility:
Congress set forth the criteria for projects and costs eligible to receive direct loans. The key criteria for qualified advanced technology vehicles or qualified components require:
Manufacturing facilities be located in the U.S.;
Engineering integration be performed in the U.S.;
Costs be reasonably related to the reequipping, expanding, or establishing a manufacturing facility in the U.S.; and
Costs of engineering integration be performed in the U.S.
Loans will not be available on a retroactive basis; past advanced technology investments are ineligible.
Originally Posted By: Johnny
Well, this is a lot different than a bailout. Seems a lot of us did jump the gun on this. I like this part.
Eligibility:
Congress set forth the criteria for projects and costs eligible to receive direct loans. The key criteria for qualified advanced technology vehicles or qualified components require:
Manufacturing facilities be located in the U.S.;
Engineering integration be performed in the U.S.;
Costs be reasonably related to the reequipping, expanding, or establishing a manufacturing facility in the U.S.; and
Costs of engineering integration be performed in the U.S.
Loans will not be available on a retroactive basis; past advanced technology investments are ineligible.
Ford is back on my list.
Well, this is a lot different than a bailout. Seems a lot of us did jump the gun on this. I like this part.
Eligibility:
Congress set forth the criteria for projects and costs eligible to receive direct loans. The key criteria for qualified advanced technology vehicles or qualified components require:
Manufacturing facilities be located in the U.S.;
Engineering integration be performed in the U.S.;
Costs be reasonably related to the reequipping, expanding, or establishing a manufacturing facility in the U.S.; and
Costs of engineering integration be performed in the U.S.
Loans will not be available on a retroactive basis; past advanced technology investments are ineligible.
Ford is back on my list.
Originally Posted By: StevieC
We will see... If everyone gets a loan then I will consider the one who took the least of the taxpayers money and work my way up from there.
I just hate supporting a company that screwed the public via tax-dollars.
You don't have to worry. Everything has to be done in the USA, so your off the hook.
We will see... If everyone gets a loan then I will consider the one who took the least of the taxpayers money and work my way up from there.
I just hate supporting a company that screwed the public via tax-dollars.
You don't have to worry. Everything has to be done in the USA, so your off the hook.
The "Spin Doctors" are at work......
Originally Posted By: Johnny
Originally Posted By: StevieC
We will see... If everyone gets a loan then I will consider the one who took the least of the taxpayers money and work my way up from there.
I just hate supporting a company that screwed the public via tax-dollars.
You don't have to worry. Everything has to be done in the USA, so your off the hook.
We are practically the US... We just have social health care and depend on your states for arms! Whatever the US does we follow...
Originally Posted By: StevieC
We will see... If everyone gets a loan then I will consider the one who took the least of the taxpayers money and work my way up from there.
I just hate supporting a company that screwed the public via tax-dollars.
You don't have to worry. Everything has to be done in the USA, so your off the hook.
We are practically the US... We just have social health care and depend on your states for arms! Whatever the US does we follow...
I need a government loan to fix up my old suby.
Originally Posted By: StevieC
Originally Posted By: Johnny
Originally Posted By: StevieC
We will see... If everyone gets a loan then I will consider the one who took the least of the taxpayers money and work my way up from there.
I just hate supporting a company that screwed the public via tax-dollars.
You don't have to worry. Everything has to be done in the USA, so your off the hook.
We are practically the US... We just have social health care and depend on your states for arms! Whatever the US does we follow...
We give your arms, you give us beer. Good trade-off.
Originally Posted By: Johnny
Originally Posted By: StevieC
We will see... If everyone gets a loan then I will consider the one who took the least of the taxpayers money and work my way up from there.
I just hate supporting a company that screwed the public via tax-dollars.
You don't have to worry. Everything has to be done in the USA, so your off the hook.
We are practically the US... We just have social health care and depend on your states for arms! Whatever the US does we follow...
We give your arms, you give us beer. Good trade-off.
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