Does Ford still owe the government money?
Ford Motor owes the government $5.9 billion it borrowed in June 2009, the same month GM filed for bankruptcy. By Sept. 15, Ford needs to start paying that money back. In a government filing, the carmaker said $577 million is due within the next year, and the full amount must be paid off by June 15, 2022.
"As of December 31, 2019, an aggregate $1.5 billion was outstanding," Ford disclosed in its most recent 10-K filing with the U.S. Securities and Exchange Commission. "The ATVM loan is repayable in quarterly installments of $148 million, which began in September 2012 and will end in June 2022."
Regulatory documents filed by Ford showed the company owes payments of $591 million in 2020, $591 million in 2021 and $289 million in 2022.
In the fiscal year of 2012, the Ford Motor Company reported total debt of around 90 billion US dollars, down from about 154 billion US dollars in the fiscal year of 2008.
The first-quarter loss of $3.11 billion compared with a profit of $3.26 billion in the same period last year. Revenue skidded 9% lower than a year ago, to $34.48 billion. Ford said it earned 38 cents a share in the latest quarter after adjusting to exclude one-time items.
In total, GM received $52 billion from the U.S. government, but only $6.7 billion of this amount was considered a loan. The company already paid back $2 billion, so this $4.7 billion is the last payment.
Let's be honest here: Ford has gotten a free pass and earned market shares for being the only US automaker that “didn't take bailout money,” when they did in fact, take government loans with the condition of making cars that the government wanted.
Entering this year, Ford's debt, excluding its lending arm, was at $15.3 billion, up $1.2 billion from the previous year. That compares with GM at nearly $14.4 billion in 2019, up $423 million from the prior year.
Ford did not ask for a government bailout, but received other financial assistance. Ford supported the GM and Chrysler bailouts to protect its supply chain and dealer network.
As several carmakers bleed in the US and beyond, Tesla is profitable and according to Elon Musk, his electric car company and Ford are the only two carmakers in the US which have not gone bankrupt. Tesla reported another profitable quarter as revenue hit $10.74 billion in the fourth quarter of 2020.
What country owns Ford?
Ford Motor Company (commonly known as Ford) is an American multinational automobile manufacturer headquartered in Dearborn, Michigan, United States.
Ford said its revenue in the first quarter fell to $34.5 billion, from $36.2 billion a year earlier. The company sold 966,000 vehicles in the first quarter, down from 1.1 million a year ago. Higher prices for new vehicles have helped Ford and other automakers offset some of the impact of lower sales.
Bottom line: Ford stock is not a buy now.
But Ford is a good dividend stock, as its yield is decent and the current dividend payout is sustainable with expectations of rising dividends in the next few years. Ford is a Buy, taking into account its dividends, valuations, and long-term outlook.
The Presidential Task Force on the Auto Industry was an ad hoc group of United States cabinet-level and other officials that was formed by President Obama to deal with the financial bailout of automakers Chrysler and General Motors.
U.S. taxpayers lost more than $11.2 billion as a result of the federal bailout of General Motors, according to a government report released Wednesday. The $11.2-billion loss includes a $826-million write-off in March from government investments in the “Old GM” before the company's 2009 bankruptcy, the report said.
GM: repaid $23.1 billion of the $49.5 billion it got from the U.S. Treasury, including all of its outstanding loans.
Something is troubling Wall Street. The auto maker is sticking with its financial forecasts for the full year. It expects operating profit to come in between $11.5 billion and $12.5 billion. Analysts still have concerns because costs are rising.
Ford likes to say it "didn't take the money" because unlike General Motors and Chrysler, it didn't require a taxpayer bailout to survive the 2008-2009 credit crisis. But don't forget: Ford tapped into a different pool of government money set aside for the auto industry during those desperate times.
Leading the pack in government subsidies is automaker Ford, which received $1.3 billion in funding from Kentucky and Tennessee for planning to build electric vehicle and battery plants in the corresponding states.
Has Ford taken a government bailout?
Ford did not ask for a government bailout, but received other financial assistance. Ford supported the GM and Chrysler bailouts to protect its supply chain and dealer network.
In addition to raising his workers' wages, Ford also introduced a new, reduced workweek in 1926. The decision was made in 1922, when Ford and Crowther described it as six 8-hour days, giving a 48-hour week, but in 1926 it was announced as five 8-hour days, giving a 40-hour week.
Top Shareholders in Ford Motor Company
The three individuals that own the most shares of Ford Motor Company are William Clay Ford Jr., Mark Field, and Joseph R. Hinrichs.
Ford Motor has had quite a year and investors have rewarded the company with a market capitalization greater than its chief rival, General Motors . Ford (ticker: F) closed Tuesday with a market capitalization of $82.962 billion, according to FactSet. GM closed with a market capitalization of $82.916 billion.
