Anybody else watch the news? Ford losing billions

[Unit 5302]

This is an obvious question. Chrysler is already owned by a foreign company, Daimler. Although the name says Daimler Chrysler, there's no doubt where the ruling body of power lies. Ford is the next company on this block with rumored talks of Toyota purchasing Ford ongoing. Mulally has no great automotive history background with which to hold pride in, and Ford is currently screwed. Toyota has also indicated they are open to purchasing Ford Motor Company.

I don't think most people on this board understand exactly how dire the straights Ford is navigating are right now. They're absolutely on the verge of collapse, hemorrhaging cash from every location. After basically mortgaging everything they can get their hands onto, just to free up enough cash to try and turn the company around, it's a last ditch effort to avoid bankruptcy.

If things don't go exactly how Ford needs them to go over the next couple of years, I expect the Ford name be sold to Toyota, Honda or another major international company in a desperation move to maintain some value in the company.