GM didn't have the necessary credit ot turn down the money. Of course, Ford was mortgaged down right to the blue oval during the "oil crisis" that proceeded this recession. GM had [[and still has) NOTHING on their gas-guzzling SUV marketing. And despite their gains lately, they still have a severe amount of debt to contend with [[unlike GM & Chrysler).
BTW, I'm sick of people who continue to lie about Ford not receiving a baliout, when in fact they did receive one [[$5 billion dollars) after all the hoopla with GM & Chrysler relaxed. Their "be the bigger man" stunt was nothing short of a PR move.
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