Jun 24, 2012 7:23 AM
Things not mentioned, but should be mentioned are Ford's switch from self-sufficient to using other firms' lines. Most of Ford's current auto line uses Mazda chassis and engines, Geely (China) chassis (Taurus, Explorer), and General Motors transmissions (joint venture), while taking $5.9 billion in government money.
The political contributions by the Big Three CEO's in 2008 also comes in play: General Motors' Rick Wagoner and Chrysler's Bob Nardelli gave $2,100 and $2,300, respectively (Mr. Nardelli's wife also gave $2,300) to Mr. Romney's campaign; Ford's Alan Mulally did not give. This was a political witch-hunt also, in addition to the Democrats pushing for tiny and electric cars. Perfect Cloward-Piven strategy.