FoMoCo heading for bankruptcy soon?

[allinon72]

I’m just here to remind those who are less educated in business structure that bankruptcy doesn’t mean the company ceases to exist.

 

[scmsltn]

If it is a chapter 11 I think you are right...chapter 7 is liquidation.

 

[allinon72]

If it is a chapter 11 I think you are right...chapter 7 is liquidation.

Right but Ford Motor Company is not going to suddenly dissolve.

 

[daystaff]

Ford's been around for over a century. Can't count them out yet.

 

[Sgt Beavis]

Ford’s credit rating was just dropped to -BBB by Moodys. It’s basically junk now.
https://seekingalpha.com/news/3555250-ford-credit-rating-cut-to-junk-s-and-p-moodys-also-warns

 

[Sgt Beavis]

Stock closed at $4.40 today.

 

[GordoJay]

My BIL, who's a retired mechanic for United, explained the economics of running a company in an industry that's crippled by labor unions. Once one company goes bankrupt and shoves all of their pension liability off onto the taxpayers, the rest have to follow in turn to stay competitive. Like dominoes.