modularf
Well-Known Member
Ford counting on the "B" word to score conquest sales
17 April 2009, 10:57 am
Filed under: Car Buying, SUVs, Trucks/Pickups, Government/Legal, Crossovers/CUVs, Chrysler, LLC., Ford, GM, Earnings/Financials
Is that 'B' as in bankruptcy or 'B' as in bailout? Probably 'B' as in both. Regardless of the buzzword you choose to slap on the respective situations General Motors and Chrysler find themselves in, it's not good, and Ford realizes this fact just as clearly as the rest of us. In response, the Blue Oval has embarked on a new plan to pick up as much market share as possible.
In an internal memo sent to Ford dealers in New York, the automaker laid out a new incentive that would pay current owners of Dodge, Chrysler or Jeep vehicles an extra $1,000 - in addition to whatever Customer Cash, Bonus Cash and 0% APR is already available - to trade in their current rides for a new SUV, pickup or crossover from Ford.
As pointed out by Detroit News columnist Daniel Howes, this tactic is a bit of a slippery slope for Ford. Although the Dearborn-based automaker has yet to seek out or accept any financial assistance from the government, a bankruptcy at either General Motors or Chrysler could put a major dent in Ford's own perilous financial footing. Still, Ford will take all the sales it can get.
[Source: Detroit News]Ford counting on the "B" word to score conquest sales originally appeared on Autoblog on Fri, 17 Apr 2009 10:57:00 EST. Please see our terms for use of feeds.
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Source: Autoblog
17 April 2009, 10:57 am
Filed under: Car Buying, SUVs, Trucks/Pickups, Government/Legal, Crossovers/CUVs, Chrysler, LLC., Ford, GM, Earnings/Financials
Is that 'B' as in bankruptcy or 'B' as in bailout? Probably 'B' as in both. Regardless of the buzzword you choose to slap on the respective situations General Motors and Chrysler find themselves in, it's not good, and Ford realizes this fact just as clearly as the rest of us. In response, the Blue Oval has embarked on a new plan to pick up as much market share as possible.
In an internal memo sent to Ford dealers in New York, the automaker laid out a new incentive that would pay current owners of Dodge, Chrysler or Jeep vehicles an extra $1,000 - in addition to whatever Customer Cash, Bonus Cash and 0% APR is already available - to trade in their current rides for a new SUV, pickup or crossover from Ford.
As pointed out by Detroit News columnist Daniel Howes, this tactic is a bit of a slippery slope for Ford. Although the Dearborn-based automaker has yet to seek out or accept any financial assistance from the government, a bankruptcy at either General Motors or Chrysler could put a major dent in Ford's own perilous financial footing. Still, Ford will take all the sales it can get.
[Source: Detroit News]Ford counting on the "B" word to score conquest sales originally appeared on Autoblog on Fri, 17 Apr 2009 10:57:00 EST. Please see our terms for use of feeds.
Read | Permalink | Email this | Comments
Source: Autoblog