Ford sues US govt for interest on overpaid tax

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Ford logoStruggling American automaker Ford Motor Company is suing the US government for a sum of US$445.3 million in what looks like a desperate move for cash. Ford posted a loss of US$2.7 billion in 2007 and has abandoned its previous goal of returning to black by 2009. Ford is suing the US government for interest on overpaid tax money for the years 1983, 1984, 1985, 1986, 1987, 1988, 1989, 1992 and 1994.

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About the Author

After dabbling for years in the IT industry, Paul Tan initially began this site as a general blog covering various topics of personal interest. With an increasing number of readers paying rapt attention to the motoring stories, one thing led to another and the rest, as they say, is history. An avid electronic gadget aficionado as well as big-time coffee lover, he's also the executive producer of the Driven motoring TV programme.

Comments

  1. azrai says:

    This give our Malysian some idea to kisk out. how about suing the G + Proton for very high exscise duty from our G. if it is abolished, we have excess money to buy food.

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  2. BanyakMasukWorkshop says:

    “if it is abolished, we have excess money to buy food.”

    whats car excise duty got to do with you not being able to afford to eat? it has nothing to do with food prices..
    cars are a luxury.. if you cant afford an expensive car, you buy a cheaper one, at worst, you can still get a motorbike.. there are more important things to worry about nowadays than car ownership

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  3. azrai says:

    Even small cars have excsie duty bro. Want to use motorbike? It’s pity for a three persons in a family. Do you get it clear?

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  4. mokkf82 says:

    Cool dude, so will we able to sue G for all that stupid implementation thing?
    haha

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  5. ferox says:

    Can I sue Proton for overpaid cars? =)

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  6. JULIANLEE2 says:

    WE SHOULD SUE OUR G FOR FORCING US TO DRIVE PROTON CARS

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  7. csv says:

    wah, 1 company against an entire company, is the odds fair?

    i think a very long shot by Ford. well, good luck.

    if it works, maybe we can sue our government and proton for wasting tax payer money.

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  8. nmh says:

    sue gov for overpaid car lah

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  9. rajtheboss says:

    Its time for Goverment to sue proton for producing poor quality cars using rakyat money and enjoy higher pay, bonuses and allowances including R&D fund

    Reply Thumb up 0 Thumb down 0

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