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Does Washington's GMAC bailout hurt Ford?
The Wall Street Journal puts forth the case that the government's $5 billion lifeline to GMAC has given GMAC a competitive advantage compared to its rivals. After the taxpayer cash was received, GMAC dropped the required credit score to get a loan and began offering 0% financing on several models, and rates from about 1 on a host of others. While doing so, it admitted that "without this [loan] . . . we would not be able to do this today." The Journal cries foul, saying that because GMAC is essentially doing this with -- or at least, because of ... Read more →
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Does Washington's GMAC bailout hurt Ford? 11 months ago on Autoblog
The Wall Street Journal puts forth the case that the government's $5 billion lifeline to GMAC has given GMAC a competitive advantage compared to its rivals. After the taxpayer cash was received, GMAC dropped the required credit score to get a loan and began offering 0% financing on several models, ...
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