Re: Oh - well
Ford got their loans from Bank of America(IIRC) with underwriting allowing the collateral to be released once the investment grade was acheived. It is correct Ford used loans such as the fuel/green and etc that were based on the interest rate that was standard. (3-4%) Others car companies and individuals take part in the government garrunteed interest rate(houseing for example). Tesla, and Nissian also took these loans. Unfortunitaly for GM and Chrysler they were denied their application for these intiatives due to not being finiacially "Stable".
Some would classify trading higher interest debt for lower interest debt as a wise strategy. Like putting higher interest credit cards onto lower ones to help pay off quicker or gain leverage/cashflow. I personally am anti-debt all the way. I would like to see everyone to become debt free.
Its interesting to hear everyone thats pro Ford-GM-Chrysler. Everyone can make valid points.(Granted some can not hold an intellegant conversation with others).
Sorry Andy's Dad for getting the thread off track.
What are the weights that the Challengers can get down to? I'm happy to see more heads up for a 1/4 mile. I'm not a fan of 1/8 mile stuff but will try to make it to an ADRL race simply because of the heads-up between the cars. Keep us posted when the rules are official for indy! Very cool none the less!
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