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Ford's crisis point in April 2006.
05/05/2006
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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