Ford still doesn’t need Obama’s payday loans
Payday loans of the gargantuan sort may or may not be enough to fix the trouble that America’s automobile industry is facing. It is no stretch of the truth to say that the automakers are responsible for the mess they’ve made, and most have been all too eager to beg at the door of big government for handouts to keep their parties of excess going.
Yet not all automakers prostrated themselves in a mock display before government. Ford, for instance, decided to gird up their loins and go it alone. And if Associated Press reports are an accurate indication, they may have found the sales light at the end of the tunnel.
Credit is available
Sales have been in a nosedive for months for Ford, which is hardly out of place in the current economic climate. However, Jim Farley, the automaker’s global marketing chief, has said that adjusted new sales demand has “held steady” since November. Used sales have come “roaring back” since January. The implication, notes Farley, is that credit, from bank loans to credit cards and cash advance, is available for consumers. ... click here to read the rest of the article titled "Ford Sales Outlook Positive; No Payday Loans Yet"