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Will Ford / GM Need Bailout Plan by Government in 2008?
xiaxia ( Score Rank: #100 based on predictions in the last 30 days ) xiaxia  |  closed on 01-Jan-2009 (324 days ago)
Some people are half-expecting the U.S. auto industry to disappear soon. In terms of the hole that General Motors Corp. and Ford Motor Co. would leave in the S&P 500, it's not that troubling.

Combined, both companies have a market capitalization of less than $8-billion (U.S.), which translates into a weight of less than 1 per cent of the S&P 500. In other words, their direct impact on the stock market is small. If just half of the auto industry collapsed, the result would still be the loss of two million jobs, thanks to a ripple effect.

Will Ford or GM seek for rescue from the US government in 2008?
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2009-11-21
 
Nov. 20 (Bloomberg) -- Ford Motor Co. said it will... (more)
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2009-11-20
 
Nov. 20 (Bloomberg) -- Ford Motor Co. said it will... (more)
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2009-11-18
 
Ford, Subaru and Volkswagen lead the U.S. insuranc... (more)
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2009-11-15
 
Nov. 13 (Bloomberg) -- General Motors Co. and Ford... (more)
Comments (3)
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  1. LifeTao LifeTao 354 days ago
    0 vote This is Good This is Bad
    Good question black-shoulder...'need' a bailout....or 'get' a bailout - the answer to both is a resounding YES!!! Not sure if It's a good idea - should we 'reward' poor management, antiquated designs, and inflated executive pay?
  2. DMMc DMMc 371 days ago
    + 1 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 100% ] Yes
    (more)
    They WILL need it. GM is about in the tank now. Unless they can hold out till Mr. Obama takes office I do not believe that they will get any aid.
  3. black-shoulder black-shoulder 374 days ago
    0 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 60% ] Yes
    (more)
    Isn't it what they are crying out about already? These two automotive giants can both go bankrupt... but needing a bailout is different from getting a bailout... They would probably ask, but would the government, under new regime especially, pour public money into saving private companies?

    Also, if I can have this clarified too: by answering "yes" to this prediction, are we saying that the government will PROVIDE the bailout, or just that the company is ASKING the government for a bailout?
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