Mary Barra and Me, The closing of the GM Warren Transmission Plant

[Danny]

Romney was right by saying that the government should not bail GM out.

If the U.S. Gov't did not bail out GM. They will instantly die by liquidation, thousands of people will lose their jobs and Detroit regional structure will be devastated!!!

Both GM and Chrysler did not have a back up plan to restructure. Ford did and they did not ask the government for a bail out.

[JBMcB]

Both GM and Chrysler did not have a back up plan to restructure. Ford did and they did not ask the government for a bail out.

Ford had already mortgaged out their properties before the recession and was much more liquid than GM and Chrysler, mainly because they were bleeding cash well beforehand. After the property crash, nobody was handing out mortgages, so that solution was off the table for GM and Chrysler.

It wasn't that Ford was clever, it was that they were lucky with timing.

[Honky Tonk]

Ford had already mortgaged out their properties before the recession and was much more liquid than GM and Chrysler, It wasn't that Ford was clever, it was that they were lucky with timing.

Or, they could see what was forthcoming, and prepared for it. Is the glass half empty or half full?