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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% to 6% on a host of others. While doing so, it admitted that "without this [loan] . . . we would not be able to do this today."


The long-time comeback for inquiring creditors has always been the once fail-safe "The check is in the mail." That oldie but goodie won't work anymore if you've purchased a new vehicle from Ford or Toyota's credit arm. The two automakers have adopted bar code scan technology that tells each company whether or not your check actually is in the mail. The same technology is used by Netflix to determine when a subscriber has sent back a DVD, which enables the cloud-based DVD rental service to send t


In an effort to secure more capital and reduce debt, Ford plans to sell $500m in new stock. Ford will use the cash infusion to buy bonds from Ford Motor Credit, which has been struggling with the slow economy and nation-wide credit crunch. Goldman Sachs is handling the stock sale, and Ford has given no timetable for when the stocks will enter the market. Ford has already exchanged debt for equity to the tune of $927m in the past year. With shares of Ford stock at under $5 per share right now, an

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