Mulally appeared before Congress last week with the CEOs of GM and Chrysler, and said he did so to support the other automakers and to line up a government loan just in case the economy worsened and Ford might needed the money in the future. If one or both of the others go into bankruptcy, it could drag down parts suppliers and force Ford into the same situation, Mulally said."
From this article . http://www.pressconnects.com/apps/pbcs. ... 1/81210021
Makes sense. We will have to wait and see how long they can hold out buts chances are this economy isn't getting any better any time soon so I doubt it.
I think at the end of this crisis we may have only 1 or 2 of the Big three left. That would be the only way to truly reorganize and take advantage of some synergy between the 3. While some jobs would be the jobs that remain would be those that are needed to meet the current auto demand. Paying workers to sit idle while making cars that are only losing the company $2,300 on average is no way to conduct this business or any business.