Planing Ahead

June 1, 2009 by Butler--BCRN Leave a Comment

It looks like all of the US car makers are in trouble. According to an article in the Wichita Eagle, General Motors filed for bankruptcy, which is the forth largest in US history and the largest for an industrial company.

The recession has definitely took it’s toll on US car makers; however, Ford planned ahead in 2006 by mortgaging their assets to build a financial cushion. Therefore, by planning ahead, I believe that Ford is the strongest of the US car makers. Take a minute to read this article from the Wichita Eagle and let me know what you think. What do you think is going to happen?

Here is a video discussing the outcomes if GM files bankruptcy – (This video was before we knew about the bankruptcy.)

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