Quote:
Originally Posted by squish
what the part that suggests they just refused the money because sales are so far down that they don't need any money to lend  |
Great point. When I first read the article I thought that comment was attributed to a CF representative. When I re-read the article I noticed that it came from a
"senior industry official with knowledge of the matter."
I'm starting to come to the conclusion that one of the reasons there are so many incorrect reports about our industry is the fact the press has to rely on some pretty poor sources. It's clear to all of us that CF is almost out of money - to suggest that they don't need more capital because car sales are low is simply wrong.