Ford

Ford told congress that they need acess to 9 billion dollars in loans. But, that they could survive without it and in three years become profitable again, unless the recession is worse then they think it is. In a document submitted to the senate banking committee, Ford said that they are better off then there two domestic counterparts(GM and Chrysler), but that Ford's own success is tied to that of the other automakers.“Because our industry is an interdependent one, with broad overlap in supplier and dealer networks, the collapse of one or both of our domestic competitors would threaten Ford as well,” the company said in its plan. “It is in our own self-interest, as well as the nation’s, to seek support for the industry at a time of great peril to this important manufacturing sector of our economy.” All three of the automakers plan to meet in front of congree later this week trying to get 25 billion dollars in loans. In thier earlier attempt they were unable to convince congress to lend them money. With the money they needed congress would save the companies from going bankrupt. By doing this many domestic jobs would be saved, because all three of these companies are big parts of our economies.