What happens if Ford goes bankrupt

[jparker]

Some analysts are saying that Ford Motor Company is about to go out of business. I can't see that happen, but what if it does? What Malcolm Wilson is going to do then?

[Tomi]

ford announced today that they will compete in 2009.

[jparker]

ford announced today that they will compete in 2009.

Even if Ford goes out of business?

[Tomi]

They propably got the funds needed already, why would the else announce.

[BDunnell]

Some analysts are saying that Ford Motor Company is about to go out of business.

I simply cannot imagine that the US government will let that happen.

[Tomi]

I simply cannot imagine that the US government will let that happen.

Same here, but I also find it hard to belive us government can borrow so much money that they can save everything they have promised.

[Daniel]

I simply cannot imagine that the US government will let that happen.

I'm not sure I agree. While the banks got bailed out ASAP the big 3 have been in talks for a couple of weeks now and are getting roasted for using private jets and so on when the real cause of the problems for the big 3 is the unions and the fact that the big 3 pay something like US$70 per hour for labour when others like Honda and Toyota pay something closer to half that.

http://www.dailytech.com/GM+CEO+Rick...ticle13591.htm

[BDunnell]

I'm not sure I agree. While the banks got bailed out ASAP the big 3 have been in talks for a couple of weeks now and are getting roasted for using private jets and so on when the real cause of the problems for the big 3 is the unions and the fact that the big 3 pay something like US$70 per hour for labour when others like Honda and Toyota pay something closer to half that.

http://www.dailytech.com/GM+CEO+Rick...ticle13591.htm

Take your point, but there is something rather more symbolically important about rescuing people's savings which makes it more likely that banks will be bailed out pretty quickly by politicians in the current circumstances.

[Roy]

Same here, but I also find it hard to belive us government can borrow so much money that they can save everything they have promised.

Offcourse there is a possibility Ford is broke for the end of 2009. In this time of financial crisis -or what's name it is given in your country or media- everything is possible.
The chiefs give a green light to Deans. So I think they see a possibility for marketing in Europe. Marketing is just a tool to survive. We will see what happened, but if Ford is in bad financial conditions they want to sell Volvo, and maybe(!) they do same with parts of Ford. Ford Europe, who is in charge of the WRC team, is doing well.

To answer the thread question: I think Ford Europe can go further at the end of 2009. The new owner can decide what to do in 2010.

Another discussion: From what pays USA gov. these companies? That country has a record of debt!
Maybe it is better that country start over again! Go further with a new name and policy!

[Roy]

Ford statement for Congress:

http://media.ford.com/article_displa...ticle_id=29505