• Mar 19th 2009 at 6:03PM
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Despite the fact that Ford has yet to request any special funding from either the federal governments in the United States or abroad, the automaker has repeatedly said that it supports its competitors as they seek financial aid. According to Ford of Europe CEO John Fleming, "We have no objections to competitors asking governments for support in these very difficult times."
While some might think that Ford would stand to benefit if its largest competitor went the way of the Dodo, in reality, it's much more complicated than that. Says Fleming, "I would rather take sales from competitors by having better products rather than them going out of business." Plus, there's the sticky supplier situation – the loss of an automaker or two could have a drastic impact on the already weak auto supplier industry.

In lieu of propping up individual automakers on a country-by-country basis, Fleming suggests that the European Union as a whole should introduce its own aid package that would affect all automakers equally.

[Source: Automotive News - Sub. Req.]

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    • 1 Second Ago
      • 6 Years Ago
      Ford has indeed requested special funding from the US Government...9 BILLION in loans...for when they need it.

      The money already has "Ford" written on it.

      And Volvo (who is owned by Ford), has taken money from the Swedish Government.
        • 6 Years Ago
        True, Ford Europe is getting loans backed by at least the Swedish and the Romanian governments.
        • 6 Years Ago
        And it's been a non-issue because Ford have expressively said it'll take full responsibility for Volvo until a buyer can be found. GM on the other hand, came here, demanded money, and wanted to give nothing in return. That sort of arrogance does not fly.
      • 6 Years Ago
      Again with the "If we give money to Opel GM is just gonna steal it!" comments.
      FFS people, get it through your head: It's not going to happen. Opel IS General Motors in Europe. Do you think they'd throw away their best selling brand and their reputation for a relatively small amount of extra money? If they're that desperate, why did they forego $2billion in US loans recently, declaring they don't need them?
      It's populism, nothing more, and you fell for for it.

      BTW there are more reasons for Ford to support aid to their competitors. Not only would they take a hit through their suppliers in case of a bankruptcy, but there's a much more direct effect: Within weeks the market would be flooded with millions of cars at fire sale prices.
      • 6 Years Ago
      replying to EU Reader

      you do realize the WH grand cherokee is built by steyr magna in austria correct?
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