With Chrysler and General Motors begging for government money, Ford Motor realized it would be competing with two rivals whose bills were, for the time being at least, being picked up by the government.
“It’s great to be the strongest one in a weak field, but if your competitors get rid of their liabilities, you’re not the strongest, you’re the weakest,” said one person familiar with Ford’s thinking.
Tuesday, April 07, 2009
How Ford Restructured $9.9 Billion of Debt in a Month - Deal Journal - WSJ
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