Warm Southern Breeze

"… there is no such thing as nothing."

Posts Tagged ‘Ford’

BMW Tapped $3.6 Billion in Federal Reserve Funds During Financial Crisis

Posted by Warm Southern Breeze on Friday, December 3, 2010

BMW Head Quarters in Munich Germany.

BMW Headquarters, Munich, Germany - Image via Wikipedia

Bayerische Motoren Werke AG, the world’s largest maker of luxury cars, secured funds from the U.S. Federal Reserve during the financial crisis to boost liquidity as other sources dried up.

BMW’s largest transaction under the Fed’s Commercial Paper Funding Facility was for $3.62 billion on Jan. 30, 2009, according to data released yesterday. BMW made “intermittent” use of the Fed program for refinancing at a time when other forms of credit were frozen, Mathias Schmidt, a spokesman for the Munich-based automaker, said today.

“We tapped into this program in 2008 and 2009 during the financial crisis …Continue…

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Bob Riley and Troy King: The Saga Continues

Posted by Warm Southern Breeze on Monday, February 1, 2010

It’s well known that Alabama Governor Bob Riley and Attorney General Troy King, both Republicans, have been at odds with each other over …Continue…

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Another reason to buy a Ford

Posted by Warm Southern Breeze on Thursday, November 19, 2009

Aside from General Motors “going out of business” taxpayer bail-out fire sales and their deceptive “you can return this care if you don’t absolutely love it” teevee commercials… yeah, that’s enough to make anyone’s stomach turn.

Andyway, the Insurance Institute for Highway Safety, a private, insurance-company-funded organization (don’t get me started on those bastards, the insurance ones, that is), has released their “Top Safety Pick” for 19 sedans and 8 SUVs fro the 2010 model year. Their ratings are, in order, from the top: Good (G), Acceptable (A), Marginal (M), and Poor (P).

Ford and Volvo (a Ford-owned subsidiary), each earned 6, while Subaru, Volkswagen and their Audi division each received 5.

Chrysler earned 4, while Honda and GM each had 2, with Toyota, BMW, Mazda and Mitsubishi receiving none.

Hey!

What about Mercedes-Benz?

Oh yeah… their C class automobile (which the IIHS classifies as “midsize” – what’s their S class, then? Super? The C class is Coupe/Compact, you idiots!) is a “Top Safety Pick” for 2010.

And, Mercedes models have ranked Good from 200-2009 and Acceptable from 1997-2000.

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