wow, im speechless

Very, very good news as far as I can tell. No debt is good news, but the extensions and the reduced debt sounds good. Is this all debts though? If I remember right, they had been something like $15-25B in debt.

The worst domestic car company has the best bean-counters in the U.S.
DrFill

As opposed to Toyota which now has the best rust and gas pedal counters in the world.

Heavens, even Ford FINANCING is BORRRRRRRR-ING….

… two million four hundred sixty three thousand one hundred and seventy eight… two million four hundred sixty three thousand and seventy nine… sh*t, what was that? Oh… just another Tundra spare tire falling off and causing a 30 car pileup. OK, now where was I… damn. One… two… three…

@ DrFill, “the worst domestic car company”

How so? OH you mean the worst ad in the most and the most in kicking imports asses?!

Ford has won more awards than anyone in the last 7 years, has more 5 star crash tested cars than anyone, won motor trend car of the year with the fusion, the fusion hybrid gets better MPG than camry and accord, the F-150 best selling truck for the past 30 years, best selling vehicle for the past 28, has out sold everyone including toyota in the US, has the best selling cars in europe with the Fiesta and Focus, did not take any money from the Gov’t, which toyota cannot say (they took 2 BILLION from the Japanesse gov’t), and the list goes on with acolates that no one else can say……

but you still say the worst? wow, someone needs to get their head out of the sand.

I think DrFill means “worst” as in “Ford’s bad because it’s threatening my beloved import brands”.

A little more troublesome is the reduction of total available credit. So if Ford needs to borrow money again it just got a bit harder.

Bravo! I see stocks going to $20 by the end of next year.

Very good news indeed. I was wondering how Ford was planning on paying off their debt when the date was fast approaching. Well there’s the answer! Here’s to Ford paying off all debts without a problem, GM returning from government ownership, and Chrysler pulling their heads out of their collective assets (incorrect word usage intended). Maybe the Carpocalypse can turn around after all…

This is good news for Ford. Glad to hear it.

@jayjc08, they borrowed only 23 billions and had to repay 35 (with interest) in 2013. As I understood it, they have to repay 28 billions in 2013 and remaining in another 2 years. A bit breathing room if you have remaining 28 billions.
I believe they have 154 billions of long term debt (I don’t know if 2013 repayment included)

BTW …………………………….. Happy Thankgiving everyone.

HDSRED

one amendment to your post, ford has taken U.S. government loans this year:

http://www.leftlanenews.com/ford-nissan-tesla-approved-for-green-car-govt-loans.html

they’re not “we need money or we die” loans, but you are incorrect if you think ford isn’t also dipping into the taxpayer pocket…it’s just a matter of degree…if you don’t want to read the article, ford took 5.9 billion from the government in july…

Bravo, Ford…Bravo!!!

Sure hope Ford can keep up it’s market share. Otherwise they are screwed. They borrowed the money just in time and the product is hitting on all cylinders. They need to keep the income coming in so they can pay off the huge debts.

The only company that should feel threatened by Ford is GM
GM has lost enough share to Toyota

GM will be bought by the Chinese by 2015
DONE!

The Broke 3 will be The Broke One
And Ford really isn’t much competition for Toyota, or anybody else
I’d get a Hyundai LONG before a Ford
DrFill

Shut up Fill and have some turkey with your Toyota. This is good news and the car industry needs traditional banking to be there instead of the government for credit. Ford is America’s car company and I think they are on a roll!! Happy Thanksgiving all!!!

Ford is on a roll. Their cars are hitting all the right notes and they seemed to have the right products in the pipeline at the right time. I would pit the new Taurus and Fusion up against any car in their classes. Heck, even I am giving the Taurus SHO a hard look. And this comes from a guy whose owned one domestic in the past 15 years.

@leftwingagenda: OMG again? Pretty desperate (yet very often used) attempt to make Ford look bad, with well known fact about something any automaker could have applied for – if he was HEALTHY enough. (Which is why GM and Chrysler got “middlefingered”.) Also they haven’t took the money yet, only small part of it.
No need to say it, but still…
Thanks for playing, you FAIL!

People who think Ford can’t outdo the imports need to look to Europe…Mondeo, Kuga, Focus – Ford is almost untouchable there – and those products are (finally) coming to North America. Beyond that, Taurus is the best looking large sedan on the market right now; Fusion just won Car of the Year from Motor Trend – and was in the Top 10 for Car and Driver. The F150 remains the best selling vehicle in North America. And I would bet Edge is outselling Murano / Venza – and the future Honda Crosstour; and the Escape is the best selling compact SUV.

It pains me to say that Ford is doing such a great job – as they were a brutal company 10 years ago – and I vowed to never own a Ford again. However, if I were to buy today – I don’t see anything out there that holds my interest as much as a Ford does.

Not surprising they did this, but I’m glad they only had $886 mil they had to pay. It’s going to be a great xmas at Ford!

Happy Thanksgiving to you too!

Mulally has down a terrific job with Ford, meanwhile acroos the pond the execs at Toyota are all in a drunken Sake stupor. HA HA HA HA

yaroukh,

here’s a clue for you on thanksgiving, i’m not out to make ford look bad, so your quasi-offended and emotional response is frankly way off base (or in your terms: “you fail”)…i know this may be a hard concept for you to grasp, since you missed it the first time reading my comment, but if somebody says “ford hasn’t taken any loans” when ford has taken loans from the government (this year even) then they are incorrect…that’s a cold unemotional fact…

get it? i’ll try again and type slowly for you…if you claim ford hasn’t taken loans, when they did take loans, you are wrong…just like if somebody were to claim you are good at reading comprehension, when clearly you’re not, they would also be incorrect…so what i am pointing out is a factual inaccuracy, not a condemnation of ford…(and if you were really observant and a long-time reader here you’d know i’m one of the very few pro-GM bailout people here, so obviously an auto company taking loans from the fed doesn’t bother me!)…i’m an effing shareholder in ford, even…

so basically, yaroukh, you’ve made several massive assumption FAILS of your own…which unfortunately doesn’t really surprise me all that much…now go, go, go – you don’t want to lose the last seat at the kids table on thanksgiving, do you? bye-bye!

LWA is right Yaroukh. He’s more a fan of Ford than anything and is not trying to make it look bad.

LWA instead spends his energies trying to destroy the USA!
……….. (just bustin’ your nads for Thanksgiving LWA)

no worries, smeg happy turkey day!

Everybody “takes out loans” once and awhile. The difference between Ford and GM/Chrysler “loans” is that Ford hasn’t taken any to “survive”. They didn’t take loans for survival and to live another day. They took the low interest loans to fund research for fuel efficiant design like other major car companies have. GM/Chrysler would not of survived without govenment “loans”. I know everybody knows that right?? They still have massive debt, and are paying on the bad decisions of the Jack Nassar days, but they at least went outside the box and hired a “non Ford” person to get them out of their pickle. Mullally has done a fantastic job so far cleaning house but it will take more years for their plan to work. The bankers that have debt with Ford know that and thats why they are in a different kind of partnership with Ford as apposed to GM with the US government. No need to call Obama to get loan approval with Ford.

jdasch, Ford gets many kudos from me for where they are. However the $23 billion loan they took out was only used for redoing their vehicles BUT it also saved their butts thru these bad times. If not for the loan they would also have gone thru bankruptcy and all those Ford family shareholders would be broke.

They look to be on top right now but IF their market share does not remain as high as it is now then they will have a hard time staying afloat. Too much debt. HIgher structural cost than the others. It is going to be a tough road ahead for them next year.

Happy Thanksgiving, folks. I hope you and yours stay safe and stuffed!

DrFill – I think you need to start looking at the market share that the companies have. GM has been steadily gaining share again. Last time I checked, I believe they had 21% market in the U.S. for October 2009 up from 19.9 in October 2008. Toyota increased their market share for October 2009 to 18.2% from October 2008 where it was 18.1%. There for it does not look like Toyota is taking GM’s sales. It looks more like GM is taking Chrysler’s sales since their market share is down 3.4% from last October.

AJM
Go back over the last 5, 10, or 25 years
And you’ll see where Toyota has made it’s mark

5 years from now
Ford will make a competitive truck (maybe)
GM will be owned by the Chinese (definitely)
Hyundai will have 10% of the market (And still not know how to manage it)
Toyota will sell a 75MPG hybrid
Chrysler will be gone
So will Saab and Mitsubishi
DrFill

Ford has been doing a good job of hiding its debt for a while now. I am surprised to see this come out.

DrFill – Many don’t share your views. I am one of the ones that does not share your views. I will say you are correct over the past 5, 10, 25 years Toyota has taken some of GM’s sales. Yes you are correct about that. However, the only others you may be correct is the 75mpg hybrid from Toyota, and possibly Chrysler not being around. I also have no idea what you are talking about Ford making a competitive truck… They are number one in sales for trucks, and they have been many years. The F series is a hell of a lot better truck than the Tundra is and ever will be.

GM is still the number in sales in Canada and the United States. Toyota is still a good 3% market share back, and with the news from Toyota lately it does not look good for them to continue growing their market share as much as the once did. Toyota has probably learned that it takes a very, very long time to build a reputation. It takes very little to destroy one. And as far as I am concerned and a lot of others, Toyota’s reputation has just fallen off a cliff.

Raineman, been in this industry awhile. The media takes turns shooting the marques in the barrel. They pile on one marque, fighting each other to shoot the shotgun. Ford and Toyota have been out of the barrel since GM and Chrysler have been stuck in it. Now that GM is outta the barrel and doing well, time for Ford and Toyota to jump in. The media is piling on them now.

Lately we have heard that Ford is having problems with the UAW and its debt. But the important thing to remember is that their product is pretty darn good right now, no matter how the media piles on the other issues.

AJM
F-150 sold 900k+ trucks in 2001
Now won’t sell 400k
Take out fleet sales, they may have 250k actual retail buys
The people have had it with the F-series
I’ve sold it myself
Not a surprise to those who know it well
F-150 was never really good
And it still has a way to go

Toyota is having a bad year
Very bad
If they become domestic, and put 4-5 of these years together
We will see repercussions
EVERY maker is having one serious problem this year or currently
Toyota has finally decided to act like everybody else
And show some flaws
The good news for Toyota is they don’t really have anyone who can fight them toe-to-toe
It would take too long to explain why that is
See you tonite
DrFill

DrFill – I still do not agree with you in regards to the Ford Trucks. As for trucks my preference is the Silverado/Sierra. That being said, I have driven Ford’s before. And I probably will again. The reason why I say this is because Ford Trucks can take the most punishment of any full size truck, that is why here in Alberta Canada you see so many of them out the oil fields.

I do agree everyone in the auto industry pretty much has had a bad year. As for Toyota, it was not just this year that they had bad year for quality, if you notice the 4 million vehicles recalled by them. Most were built between 2005 – now. This doesn’t say a bad year. This says Toyota was covering up a problem because it was cheaper to pay lawyers then to fix all their vehicles. I can also for see a lot of people staying away from Toyota until they clean up their act and fix the problems they are having much like what happened to Audi in the 80’s. The stigmata of Toyota being reliable is gone, as are the days that Toyota will get average predicted reliability in Consumers Reports for new and redesigned vehicles without testing.

I can honestly say, I have driven many different model Toyota’s in the past, and I could not see the quality. The interiors look almost as cheap as the 2007 Compass I returned in February on lease. I also could not stand the way they drove. But if people want to buy one they can go ahead. It is their money. For now, I will continue with my current plans of buying vehicles I like. At the moment most of the vehicles I like that are coming out are from GM. This does not mean however that I will not look at other manufacturers as I do not have any set brand loyalty. I will drive whatever as long as it gets me from point A to point B reliably until I can afford a car for fun.

Go Ford! Go America!

I think Dr Fill, as he likes to call himself, likes to spat out incorrect information. I have already figured out that he is not worth responding to since he makes himself look like an idiot without my help. I guess it takes all types to make the world go around as the saying states.