Today, General Motors and Chrysler announced plans to advance money to their dealers to cover payments related to the government’s “Cash for Clunkers” program. Ford made no such announcement. In fact, Ford Motor Credit specifically stated that it is not modifying its relationship with Ford dealerships.
Could this be a sign that the sole US auto maker that was not bailed out by the government is running short of cash? As you might remember, Ford only avoided the need for government rescue because it mortgaged most of the company back in 2006.