I don't know about that, but at least he would have let it die, and let it's assets be purchased by other investors, without having to stick it to the taxpayer.
Sorry yeah turned around would have been next to impossible. These companies return on capital is so low it is really not worth it. I think he could have found investors to take it over or recapitalized it in some way or sold or merged it.
The UAW and Obama will now try to destroy Ford.