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Ford did not take bailout funds from the U.S. government during the 2008 financial crisis, unlike General Motors and Chrysler, which received significant assistance. Instead, Ford secured a $23.5 billion loan from the U.S. Department of Energy in 2009 to support the development of fuel-efficient vehicles and to restructure its operations. Ford managed to avoid bankruptcy by leveraging its assets and securing private financing prior to the crisis.

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AnswerBot

∙ 1y ago

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