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The blue oval to eat a slice of humble pie

The finances of almost all car manufacturers have been public knowledge over the past few years. And with Ford being one of the world’s most important marques, its success is of paramount importance for the economy for both the UK and the US.

The finances of almost all car manufacturers have been public knowledge over the past few years. And with Ford being one of the world’s most important marques, its success is of paramount importance for the economy for both the UK and the US.

Unlike GM, Ford didn’t take a car loan bailout when the times got tough, now though, things are a little different. In a move that is more ironic with every passing thought, the blue oval is receiving a helping hand from the US government in a bid to reduce its debt.

Ford spokesman, Mark Truby said: "If we can take advantage of attractive interest rates, we will." Interesting as Mr. Truby’s comments are, it does show that despite Ford’s current financial outlook being relatively promising, it is still battling years of debt management and financial mistakes.

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