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Stock impact report

Detroit Automakers Post-Bailout: Companies Still Struggle [Forbes]

Ford Motor Company (F) 
Last ford motor company earnings: 4/28 04:09 pm Check Earnings Report
US:NYSE Investor Relations: shareholder.ford.com
Company Research Source: Forbes
The third, Ford Motor Co., avoided that fate because of a massive borrowing program where the company put its assets – including its Blue Oval logo -- up for collateral. More than 15 years later, the Detroit Three (formerly the Big Three) are still struggling. During the bailout, GM and the U.S. negotiated whether that automaker would move its headquarters from Detroit to the automaker's technical center in the suburb of Warren to save money. That was the version told by Steven Rattner, a U.S. negotiator in a 2010 book . GM's headquarters remained in Detroit. Today? GM is downsizing its HQ footprint from Detroit's Renaissance Center to a new downtown development, a move announced in April 2024 . The Warren technical center will be home to much of GM's Detroit-area footprint with the move. With the bailout, Chrysler linked up with Italy's Fiat with the merged company dubbed Fiat Chrysler. Since then, Fiat Chrysler merged with France's PSA Group to form Stellantis. Chrysler help Show less Read more
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