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09-02-2012 08:07 AM #11
Did you know?
Inside 8 Mile industry news blue oval Ford Logo By Raphael Orlove
May 24, 2012 10:00 AM
Ford Takes Back The Blue Oval
Ford finally owns its own logo again.
Why was it gone, and what did it take to get it back?
Ford pawned the emblem along with their headquarters, some factories, the rights to the Mustang and F-150 trademarks, and some other assets for a $23.5 billion loan in 2006. That loan was one of the main reasons why Ford didn't need bailout money along with GM and Chrysler two years later.
Yesterday's upgrade in Ford's credit rating to Baa3 by Moody's Investors Service released the collateral for their loan.
You can read Bill Ford and Alan Mullaly's e-mail to all Ford employees at The Detroit News.
Several years ago we did quite a good trip of USA, and on our trip we got to meet Mike and Christine Frade. We didn't stay long with them, but in that relatively short time we both gained a great...
We Lost a Good One