Originally Posted by
BobZ
Im dusting off memories but I think Ford also had fortunately practiced a contrasting debt and liquidity model prior to the crisis which helped when things went bad?
Possibly so. Important to remember is the "financial crisis" was impacting everybody, both the economy, and the stock market. Today, the stock market is going thru the roof. The economy is hurting, yes.
Also, the above companies filed, or came close to filing, Ch.11 The bailout was approved by Bush in December 2008 via Executive Action, after the Senate shot it down. It required "drastic changes" internally at the companies as part of the package.
3-6 months later GM and Chrysler filed Ch.11