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It's hard to imagine that Ford and GM will not at some point be forced into bankruptcy.
Ford's stock is almost in the $3 range. THREE DOLLARS.
They will file bankruptcy to be able to get out of union contracts, pension obligations, etc.
They are not well managed or well run companies, from everything from product planning to execution of the plan, but the deals they are in paying people way to much to do way too little (and even paying people to do nothing at all), ensure that they cannot continue to survive as they are.
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