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The Pub For General Automotive Related Talk |
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#1 | ||
Ford screwed the Falcon
Join Date: Sep 2013
Posts: 7,061
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__________________
Falcon: 1960 - 2016 My cars Current ride 2016 FG X XR6 - 6 speed manual Previous rides 2009 FG XR6 - 6 speed auto 2006 BF MkII XT ESP - 6 speed auto 2003 BA XT V8 - 5 speed manual 1999 AU Forte - 5 speed manual 1997 EL Fairmont - 4 speed auto 1990 EAII Fairmont Ghia - 4 speed auto |
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#2 | ||
PURSUIT 250
![]() Join Date: Mar 2009
Location: sydney
Posts: 5,775
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did you read the article?
85% of fords debt is through their credit line. 15% is then more then covered by assets. I think ford will be ok |
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#3 | |||
FF.Com.Au Hardcore
Join Date: Nov 2009
Posts: 2,806
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only $20b for Automotive
read beyond the clickbait headline Quote:
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#4 | ||
Peter Car
Join Date: Dec 2004
Location: geelong
Posts: 23,145
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I love these sorts of stories. Good for a laugh.
Saw a similar one recently about Toyota, and people were jumping on with their chicken little doomsday comments, when the debt was also credit related and is essentially money they have handed out in terms of car loans that haven't been paid in full yet. I'm sure Toyota are doing fine, considering they are the biggest selling auto manufacturer, and also the most profitable. |
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#5 | |||
FF.Com.Au Hardcore
Join Date: Jan 2010
Posts: 11,277
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Quote:
And then you tell them most of the debt is customer financing that makes profit. The moment you see that bull plop you see they don’t know how to read a balance sheet |
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#6 | ||
FF.Com.Au Hardcore
Join Date: Aug 2005
Location: Melb.
Posts: 4,439
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I started reading the article and got distracted by the lovely Ukrainian woman, Jeanne, 43 from Kyiv....did someone say Ford has debt....
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