On Sun, 03 Dec 2006 02:27:40 -0600 tom savage [EMAIL PROTECTED] wrote:
I was unsurprised then to read, with a bit of schadenfreude, that they
mortgaged the rights to the Blue Oval itself this week.
I didn't see anything about this. Please explain. (I do know what you mean
by the Blue Oval,
Discussion List mercedes@okiebenz.com
Sent: Sunday, December 03, 2006 11:49 AM
Subject: [MBZ] Blue Oval [was: Re: Decent US Car]
On Sun, 03 Dec 2006 02:27:40 -0600 tom savage [EMAIL PROTECTED] wrote:
I was unsurprised then to read, with a bit of schadenfreude, that they
mortgaged the rights
Craig McCluskey wrote:
I didn't see anything about this. Please explain. (I do know what you mean
by the Blue Oval, it's the mortgaging the rights I'm curious about.)
New CEO Alan Mullaly has put nearly all of Ford's assets up as
collateral to finance its Way Forward turnaround program.
Additional note most news wire left out: After the loan is finalized ,
Ford's stock will have a negative value. How much was not mention
good stock to look at when the problems are nearly over ...
Bill
1981 300 TD
tom savage wrote:
Craig McCluskey wrote:
I didn't see anything about
Can you explain this/ tell me where you read/ heard it? The implication is
that their debts would be greater than their assets, in which case, why
would anyone loan them more than their worth? Isn't that the point of
collateral, offer something up with value equal to the loan? I'm not
doubting
Because a bet is much better than losing everything they are into you
for right now -- a company the size of Ford dropping dead will kill a
couple of big banks and some investment firms.
It's a fairly good bet, too -- Ford's problems aren't insurmountable
and the solutions are obvious, just
Michael:
The articles below explain some of your question there is 3
billion in unsecured notes in the total loan package of 18 billion. the
18B is to retools and adjust it's product line from 2007 to 2009 Of
course, add in a billion or so more for under estimates and the like
