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Topic: Ford says "You are fired!"  (Read 833 times)

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Offline Jack Morris

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Ford says "You are fired!"
« on: August 15, 2005, 09:50:51 am »
http://www.usatoday.com/money/autos/2005-08-15-ford-cuts-usat_x.htm

Looks like bad times for the big 3. Not that they have not had enough already due to high debt and a Japanese automaker arsekicking.  :(
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Offline toasty0

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Re: Ford says "You are fired!"
« Reply #1 on: August 15, 2005, 09:55:52 am »
Did you see where GM sold billions in paper to BofA? Seems to me a bit short-sighted to sell off your cash cow(especially one that gives you a better ROI than any of your other divisions), but maybe they get a nice write down out of it.

Never the less, selling off cash flow seems suicidal in the short or long term...to me anyways.
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