Ford Mortgaged Its Logo. GM Went Bankrupt

Ford Mortgaged Its Logo. GM Went Bankrupt Subscribe to Parallel Fates for new business duels every week: two companies, one storm, different endings. Prefer to listen? Parallel Fates is also a podcast on Spotify: https://open.spotify.com/show/6OdbdvY... 00:00 Three bosses, three private jets 01:04 Two companies, two origin stories 02:14 The scoreboard: who would you have bet on? 03:32 Ford's first plan and the fork 05:15 Ford pledges the blue oval 07:21 How it went wrong for General Motors 09:08 Chapter 11 and the government stake 10:29 Ford through the same wreckage 11:50 Why Ford fought for its rivals 13:14 The loan Ford did take 14:10 The scoreboard: the answer 16:22 Who really survived? Ford vs GM: in 2006, Ford put its own blue oval logo up as collateral for a $23.5 billion loan. Two years later the financial crisis hit, and in June 2009 General Motors filed for Chapter 11 bankruptcy. This documentary follows Ford Motor Company and General Motors through the same storm. In late 2008, three Detroit car bosses went to Washington to ask for help. Two of their companies received billions in government money. The third never took the emergency bailout, yet argued that his rivals should get it. Why would a company fight for its rivals? You will see why Ford borrowed before the credit markets froze, why General Motors' size did not protect it, and what the government ended up owning. It is a story about timing, debt, and who pays when a whole industry goes wrong. We also cover the part that rarely makes the headlines: Ford did take a separate government loan in 2009, and its own leadership warned that a collapse of its rivals could have dragged Ford down too. Neither company was run by fools. The difference was one decision, made in 2006 while borrowing was still possible, and the nerve it took to make it. Based on public reports and company statements. Narration is AI generated. More duels: Goldman Sachs vs Lehman Brothers, Volvo vs Saab, Target vs Sears. Parallel Fates. Two companies. One storm. Different endings. #Ford #GeneralMotors #BusinessHistory