Obama administration purchases more Ford than GM vehicles

President Obama Visits Ford Motor Company's Chicago Plant

Back in 2009 when the American auto industry was headed to Washington to ask for bailout, FoMoCo was the only automaker that went on without requesting any loans from the United States government. With that in mind, one would think that the Obama administration would favor purchasing vehicles from Chrysler and General Motors (which actually became known as ‘Government Motors’ for a while when the current administration held a 61 percent stake in the automaker), however, that’s not the case.

According to data obtained under a Freedom of Information request from the U.S. General Services Administration, FoMoCo sold the most cars and trucks to the federal government this year for the first time since 2005.

The U.S. purchased 21,980 vehicles directly from Ford in fiscal 2010, beating GM by 540 vehicles. Chrysler sold 13,063 vehicles.

Under Obama’s presidency, the government cashed out $85 billion for GM and Chrysler to stay alive.

– By: Omar Rana

Source: Bloomberg