December 14th, 2008
Ford, General Motors Traveling In Different Directions
It hasn’t escaped too many ears that when the plight of the big American automobile producers was brought before Congress recently, Ford’s position was different from that of General Motors and Chrysler. Chrysler’s size is a big issue as the automaker doesn’t have the scale to compete for the long haul. General Motors, on the other hand, is the second largest car producer in the world and has been losing money at a greater rate than Ford. But, only GM and Chrysler want loan money while Ford is simply looking for a line of credit.