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<p>[QUOTE="jjack, post: 1441928, member: 33596"]Ford actually did get a bailout (it is lending arm) and primarily got lucky because it was able to finance its debt months before the crisis hit it is all timing. Any sale would have decimated the assets of GM (remember Visteon or Delph?) and would have taken let massive job loses of white collar work force if Toyota, Ford bought up the left overs of GM. </p><p><br /></p><p>Anyway the reason i brought up Tata and Chery is because both companies have recieved minor bailouts from India/China before even Fiat was bailed out of Bankruptcy years before it bought up parts of Chrysler. I remember when American autos complained about Skorea pumping cash to save Hyundai in late 90s and the pressure US gov put allowed GM to buy Daewoo cheap the irony <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /> </p><p><br /></p><p>What my point is countries are in it to preserve their own self interest not to promote free market because that doesn't always serve in the countries best interest.[/QUOTE]</p><p><br /></p>
[QUOTE="jjack, post: 1441928, member: 33596"]Ford actually did get a bailout (it is lending arm) and primarily got lucky because it was able to finance its debt months before the crisis hit it is all timing. Any sale would have decimated the assets of GM (remember Visteon or Delph?) and would have taken let massive job loses of white collar work force if Toyota, Ford bought up the left overs of GM. Anyway the reason i brought up Tata and Chery is because both companies have recieved minor bailouts from India/China before even Fiat was bailed out of Bankruptcy years before it bought up parts of Chrysler. I remember when American autos complained about Skorea pumping cash to save Hyundai in late 90s and the pressure US gov put allowed GM to buy Daewoo cheap the irony :D What my point is countries are in it to preserve their own self interest not to promote free market because that doesn't always serve in the countries best interest.[/QUOTE]
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