Ford Boss Mustang
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FORD SHELBY GT 500 POSTER BOSS COBRA MUSTANG V8 RACING $8.00 |
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1969 FORD MUSTANG BOSS 302 #1 RACER 1:24 DIECAST MODEL $42.99 |
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05-09 Ford Mustang Boss-429 TRUFIBER Body Kit-Hood $398.05 |
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FORD MUSTANG GRANDE MACH1 BOSS 70 71 72 CAR COVER $22.99 |
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69 1969 Ford Mustang Radiator Hose BOSS 302 STAMPED NEW $30.00 |
I was a college student in 1979 when Chrysler Corporation made its appeal to the Carter Administration for a government bail out. Back then, the automaker was bleeding through cash and seeking a one billion dollar loan guarantee in a bid to stay afloat. After months of bargaining, the federal government agreed to help Chrysler, signing off on a larger 1.5 billion dollar loan guarantee, a move that insured the survival of America’s third largest automaker while saving tens of thousands of jobs.
Today, Chrysler is looking for new assistance from the federal government, but this time they are being joined by their two largest American competitors, General Motors and Ford. Unlike in 1979, the chances of any one of the three automakers getting government help — beyond the $25 billion already earmarked for plant retooling — is greatly diminished for reasons that neither one of the companies may fully understand.
Let’s take a look at the current automotive climate and what the three automakers must do to win federal bailout approval.
In 1979, Chrysler’s survival was at stake as were tens of thousands of automaker jobs. With 250,000 employees, Chrysler’s demise could have sent shock waves through an already strained economy, an economic climate not too different from what is being experienced today.
Back then, Chrysler took five months to lobby Congress for assistance, even replacing their chairman, John Riccardo, with Lee Iaccoca, the executive who helped bring the iconic Ford Mustang to market. Iacocca, unlike today’s automaker chiefs, traveled back and forth to Washington on commercial jets to negotiate on behalf of Chrysler. Today’s automotive bosses have private jets to whisk them back and forth, a source of contention for many who oppose helping the automakers.
Even before the federal government offered to help Chrysler in 1979, the automaker was forced to seek union concessions while state and local governments connected to plants provided tax concessions. White collar workers, dealers, suppliers and banks each chipped in, providing what eventually amounted to two billion dollars in cost cuts.
It was only after Iacocca and Chrysler managers made these changes did the federal government intervene. Finally, when Chrysler had the money in hand they were able to develop new products including their popular K-Cars and managed to pay back their loan seven years early. In the end, the federal government made a profit on lending money to Chrysler.
Today, the automakers are asking for cash, but they’re going about it all wrong. As recently as October, General Motors was considering purchasing Chrysler while saying that they had enough money to last through 2009. Now, the purchase is off and both companies say that they probably only have enough cash on hand to last through 2008. Ford, is somewhat better off, saying that they should have enough money to last through the end of next year. Still, Ford has joined its Detroit brethren in asking for government assistance.
Public support for helping the Big Three isn’t anywhere as strong as it was three decades ago when the three companies dominated the automotive scene. At that time, only Chrysler, Ford, and General Motors were building cars in the US, but today a number of foreign automakers have set up shop. Americans see plants being run by Honda, Subaru, Toyota, Mercedes, Hyundai, and BMW making money and cannot understand why union run shops continue to bleed Ford, Chrysler and GM dry. As long as there are stark differences between the labor arrangements between foreign and domestic producers, support for any loan assistance is tepid at best.
Perhaps the most difficult part of bailing out the automakers is that it is coming on the heels of a massive $700 billion bail out of the financial industry. That earlier plan is increasingly unpopular with many citizens who see that financial accountability is virtually nil and that the so-called emergency isn’t as dire as once made out to be.
Thus, even if the Big Three can find the time to make a compelling case for government assistance, support from legislators may not enough to help out. In that case, a Chapter 11 bankruptcy filing would be necessary, a move that could repair automaker problems quicker and more forcefully than any sort of assistance from Washington, D.C.
Matthew C. Keegan is a freelance writer who resides in Cary, North Carolina. Matt is a contributing writer for Andy’s Auto Sport an aftermarket supplier of quality parts including custom mufflers and exhausts.
About the Author:
Matthew C. Keegan is a freelance writer who resides in Cary, North Carolina. Matt provides magazine, web content, and article writing services to clients all over the world serving the automotive, human interest, and business communities. Matt’s Musings is his personal weblog.
Article Source: ArticlesBase.com – Shades of Chrysler 1979 – the Big 3 Automaker Bailout Plan
1969 & 1970 Ford Mustang BOSS 302 at Knotts Berry Farm 2004
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FORD SHELBY GT 500 POSTER BOSS COBRA MUSTANG V8 RACING $8.00 |
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1969 FORD MUSTANG BOSS 302 #1 RACER 1:24 DIECAST MODEL $42.99 |
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05-09 Ford Mustang Boss-429 TRUFIBER Body Kit-Hood $398.05 |
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FORD MUSTANG GRANDE MACH1 BOSS 70 71 72 CAR COVER $22.99 |
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69 1969 Ford Mustang Radiator Hose BOSS 302 STAMPED NEW $30.00 |
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FORD 1969 MUSTANG BOSS 302 WELLY MODEL DIECAST 1:18 BLK $27.99 |
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New Ford 71 Mustang Mach 1 Boss 351 heater hose $16.50 |
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FRANKLIN MINT 1:24 1970 Ford Mustang Boss 429 B11C370 $21.83 |
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NOS Ford 71-73 Mustang Mach 1 Boss 351 visor arms pair $30.95 |
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1/24 diecast 1970 BOSS 302 yellow FORD MUSTANG maisto $3.99 |
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Ford 71-73 Mustang Boss 351 Mach 1 door panel insert $33.00 |
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NOS Ford Mustang 71-72 right bumper bracket Boss Mach 1 $9.50 |
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NOS Ford Mustang 71-72 left bumper bracket Boss Mach 1 $9.50 |
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69-70 mustang cougar mach 1 boss accelerator gas pedal $20.00 |
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FORD MUSTANG Boss 302 Metal Tin Sign 1241 $7.18 |
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Ford 71-73 Mustang Boss 351 console insert $9.00 |
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Ford 71-73 Mustang Boss 351 Mach 1 full console clock $29.00 |
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Ford 71-73 Mustang Boss 351, Mach 1 hood twist locks $21.50 |
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1970 BOSS 302 FORD MUSTANG STREET HOT ROD NHRA ERTL USA $2.25 |
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Greenlight Autofest 69 Ford Mustang Boss 302 Holiday $8.00 |
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1969-1970 FORD MUSTANG BOSS 429 Car Fact CARD Picture $1.95 |
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JADA BIGTIME MUSCLE 1970 FORD MUSTANG BOSS 429 $6.50 |
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JADA BIGTIME MUSCLE 1970 FORD MUSTANG BOSS 429 $6.50 |
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71 MUSTANG BOSS 351 STRIPE KIT, ARGENT, FORD LICENSED $39.95 |
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NOS 69 70 71 MUSTANG MACH 1 SHELBY BOSS WINDOW HANDLE $51.00 |
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Red 1970 Ford Mustang Convertible L@@K NEW1969 351 boss $14.99 |
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1967 Ford Mustang Fastback L@@K NEW 1968 351 boss GT $14.99 |
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NOS 69 70 FORD FUEL PUMP BOSS 302 ? MUSTANG COUGAR $137.51 |
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1969 Ford Mustang Boss/Mach1 Grill Emblem $1.00 |
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Boss 302 Ford Mustang Tin Sign $12.75 |
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NOS Ford Mustang Shelby Mach 1 Boss Air Cleaner Gasket $12.95 |
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MUSTANG BOSS 429 FORD Great Tin Sign 0703 $7.18 |
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NOS 1969 Ford Mustang Boss 302 Disc Rotor Dust Cap $12.00 |
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NOS Ford Boss 302 429 CJ Mustang oil filter adap Insert $12.99 |
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Ford Racing GT40 1970 Boss 302 Trans-Am Mustang Cobra + $4.99 |
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1:24 1971 FORD MUSTANG BOSS 351 FIRST TIME ON U,S WHITE $14.99 |
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FORD BOSS 302 MUSTANG GARAGE ART SIGN YELLOW BLACK $7.96 |
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Franklin Mint 1969 Ford Boss 302 Mustang- Rally Nbr Ltd $60.00 |
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1970 FORD MUSTANG BOSS 302/429 GT WHEEL AD/POSTER/PRINT $8.99 |
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Ford Racing Boss Valve Cover Mustang 289/302/351w NIB $99.05 |
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Ford Racing Boss Valve Cover Mustang 289/302/351w Shiny $139.95 |
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Jada 1970 Ford Mustang Boss 429 1/24 New Diecast Car $14.95 |
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94-98 FORD MUSTANG BOSS STYLE STRIPES GT COBRA V6 $52.99 |
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1971 Ford 351C BOSS oil pan w/ baffle Mustang Torino? $19.99 |
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1970 FORD MUSTANG BOSS 302 – AUTOLITE BATTERY AD/POSTER $5.99 |
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T-Shirt: Ford Mustang “Who’s the BOSS” w/ 302, 351, 429 $15.99 |
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1971 Ford 351C BOSS oil pump Mustang Torino? $19.99 |
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1971 Ford 351C BOSS oil pick up tube Mustang Torino? $9.99 |
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1969 1970 FORD MUSTANG BOSS 302 CHASSIS MOD MANUAL $7.99 |
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1970 FORD MUSTANG BOSS 302 YELLOW 1:24 DIECAST MODEL $12.99 |
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FORD MUSTANG SHELBY GT POSTER NEW CAR BOSS 1 MINT 5077 $4.98 WALL POSTER PG TEMPLATE Dimensions: 24″ x 36″ inches Series & Type: Wall PosterCondition: Mint – This is a brand new item.Additional Products: This is just one of the many posters we have to offer…. |
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Ford Boss 429 Mustang Muscle Car Metal Sign $13.95 … |
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Nostalgic Ford Mustang Tin Sign : Boss 429 $9.98 This nostalgic reproduction Ford Mustang tin sign, suitable for framing, is the perfect affordable retro decoration for any room, restaurant or office…. |
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Ford Mustang RUNNING STRONG SINCE 1964 Adult Black Anniversary T-shirt Tee Shirt $26.99 An awesome 100% preshrunk cotton Tshirt. Large image appears on the BACK of the shirt with a small image on the front left chest… |
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Boss Ford Mustang Muscle Car T-Shirt The Boss series remains one of Ford Mustang’s most memorable and most collectible muscle cars. Hail your favorite high performance model in the steel blue T-shirt with full-color design on back and chest logo on front. Imported…. |
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Vintage 1967 Ford Mustang Shelby Cobra GT500 Fastback Original T-Shirt This is an AmericanRinger.com exclusive available only at Amazon. 1968 Shelby GT500 Fastback, the truly glorious “Eleanor!” This 30 year old vintage Ford licensed print is perfect for any ‘Stang owner or collector. American Ringer acquired these and NOBODY ELSE HAS THEM! This is the real deal vintage stuff and once these are gone they will be gone forever…. |
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Revell 1:24 ‘70 Mustang Boss 429 3 ‘N 1 $15.48 1:24 scale. This great kit comes with 2 motor variations, stock 429 or dual 4 bbl with hi-rise manifold, also comes with 3 sets of rims, authentic decals, and optional tires. Over 90 pieces. Skill level 2…. |
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1970 Ford Mustang Boss 302 Yellow Diecast Model 1/18 $24.99 Diecast Body Opening Doors Opening Hood Opening Trunk Detailed Interior Rubber Tires Steerable Wheels Perfectly modeled engine Accurate Gauges and dash inside Dimensions |
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1970 Ford Mustang Boss 429 Grabber Blue 1/24 M2 Machines $20.99 … |
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3-Stripe Rocker Panel Stripes For Mustangs & GT, Your Choice of Color $19.99 Brand New 3-Stripe Rocker Panel Racing Stripes For Ford Mustang GT 05-09 Models Brand New With Complete Instructions 1-Left side & 1-Right side Decal Each Decal Is 77″ Long x 3.25″ Tall Overall Set Has 3-Piece On Each Side For Easy Installation 1-For Front Fender, 1-For Door, 1-For Rear Quarter Panel On Each Side Of Your Mustang Set Includes The Following Sizes 4-Stripes 18″ Long 2-Stripes @ 50″Lo… |