Willie, this is called serious trouble.
Most frightening are Ford's financial statements, in particular its balance sheet. At December 31, 2002, the company had only $5.6 billion of stockholders' equity, compared with $162 billion of debt. Of course, this includes the financing activities of Ford Credit, so the balance sheet is partly that of a bank. Even so, a decline in stockholders equity from $18.6 billion in 2000 to $5.6 billion in 2002 suggests that all is far from well, and that the company's financial flexibility is extremely limited.
Ford is on the ropes and it looks like in the not too distant future, you will be able to post the Mother of all Layoff threads.
Heck Ditto. Ford's debt is about the same as its annual revenue.
That puts them in a helluva lot more solid financial footing than the federal government, and that doesn't seem to phase Dubya or the bushbots one iota.
You're spreading too much doom and gloom, Ditto.
What's the worst that can happen?
Ford goes bankrupt, screwing current stockholders who've invested their retirment funds.
But China will buy the assets for pennies on the dollar and keep the factories open.
It should make the liberatarian free traders very happy.