Ford Motor Company & bailout money.

The Florida paper, The Gainesville Sun,  carries report written by Bill Vlasic for New York Times Business Feed, explaining why Ford Motor Company is not  too worried that it’s not getting a US government bailout money at this stage.

DEARBORN, Mich. — As the Detroit auto companies contend with their worst financial crisis in decades, the most famous American auto executive has stayed largely out of sight.

But William C. Ford Jr., the executive chairman and scion of the founding family of the Ford Motor Company, has been preparing for a bigger role in the industry’s plan for survival.

While General Motors and Chrysler plead to Congress for a bailout, Mr. Ford has reached out to President-elect Barack Obama in hopes that his company can benefit from the administration’s longer-term strategies for the auto industry.

Mr. Ford has been working behind the scenes, meeting one-on-one with Mr. Obama in August, conferring with his senior economic advisers, and teaming up with Gov. Jennifer Granholm of Michigan to push a vision of a leaner, greener auto industry.
With Detroit on the brink of disaster, the great-grandson of Henry Ford could play a critical role in how the Obama administration decides to assist the companies financially and shape broader energy policies.

“One of the things that I feel very encouraged about is the president-elect and where he’d like to take this country in terms of energy, and I completely buy into his vision,” Mr. Ford said in an interview, his first since the Big Three approached Washington lawmakers about a rescue plan.
He can afford to take a longer view because Ford, unlike G.M. and Chrysler, does not need an immediate infusion of government aid to stay in business.;(read on…)

Is this strategy designed to please the President-elect and his administration, or is it (what it should be) a serious attempt by a motor manufacturer to meet the demands of the time? I’d like to think it’s the latter. We’ll have to wait and see.


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