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by ly3xqhl8g9 1068 days ago
Just avoiding the inevitable I suppose: June 22, 2023, "Ford agrees to $9.2 billion US government loan" [1].

That's the joke in the end: there are no companies (and there is no government), just a bunch of chaebols [2], at least South Koreans don't lie to themselves.

[1] "Ford previously took out a $5.9 billion loan under the program in 2009. That loan was fully repaid as of last year (2022), according to the DoE. [3]", https://edition.cnn.com/2023/06/22/business/ford-department-...

[2] https://en.wikipedia.org/wiki/Chaebol

[3] https://www.energy.gov/lpo/ford