I read a lot here that GM and Chrysler are preparing bankruptcy plans. That might be just covering their bases.
It will be interesting to see how this plays out. Yesterday on Mark Field's weekly web video to the employees he was sure to mention that Ford and GM depend on 80% the same suppliers. If GM's suppliers have to bite the bullet many of them will fold. With the two companies sharing 80% the same suppliers I think the impact on Ford is obvious.
Ford has also been loaning key suppliers money to help them through this time. I would imagine it is the ones that have the biggest impact on Ford's ability to build cars.
Steve
|