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Ford to Update Focus in Small-Car Push - WSJ.com
Keywords:
Tags: Automobiles,
Ford has still not redesigned the Focus for the American market- just spruced it up to buy time for a complete rehaul ogf its small car lineup. Note that its Focus sales have fallen by 6% in November over the prior year, and that it has slipped behind Toyota and Daimler Chrysler in overall sales.
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Betting the whole company as collateral for as much financing as it can get in favorable credit market conditions.
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A chart compiled by J.P. Morgan in 2006 showed credit markets rated a default by Ford in three years as more likely than one for GM 43% to 34%. The same year 2006 when Alan Mulally was hired to change Ford. In 2009 all three Detroit automakers were in critical condition- only Ford avoided bankruptcy, which says that this chart was prescient about the conditions of the U.S. auto industry. The conditions in the auto industry before the government led bailout of GM and Chrysler and the planned bankruptcies.
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