Was it currency and foreign-investment curbs by Thai Military Government or Fprd’s internal trouble that made the automaker withdraw $1 Billion in investments?
Special Correspondent
Jan. 31, 2007

Ford is blaming the Thai Military Government’s currency and foreign-investment curbs. But some think that tanks believe Ford is worried about its internal finance. The automaker withdrew $1 Billion in investments from Thailand.

Ford has close to $30 billion in cash as it starts restructuring. But some experts believe Ford needs $48 billion to straighten out its legacy issue related financial problems.

Ford may shrink rapidly to consolidate as the company races towards closing the door to bankruptcy. Eventually the US Government will provide some kind of relief through trade negotiations with Japanese and German carmaker. In late eighties, Reagan Administration required Japanese companies to start assembling cars in America. Toyota is rushing towards making more cars in America. Most likely, as GM and Ford head towards bankruptcy, the US Government may impose some kid of ‘legacy tax adjustment and help the American automakers.

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Was it currency and foreign-investment curbs by Thai Military Government or Fprd’s internal trouble that made the automaker withdraw $1 Billion in investments?
Special Correspondent
Ford is blaming the Thai Military Government’s currency and foreign-investment curbs. But some think tanks believes Ford is worried about its internal finance. The automaker withdrew $1 Billion in investments from Thailand...
READ MORE>>

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