USA: Ford fights back over gloomy bankruptcy prediction - paper
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Summary: Ford is fighting gloomy predictions that it could be forced into bankruptcy, weighed down by debts of $US150 billion (£94 billion), stumbling sales and a sluggish world economy, the Daily Telegraph’s New York-based correspondent reported on Friday. The paper said a scathing examination of the motor icon's balance sheet by the analyst famed for predicting that WorldCom and Enron would go bust long before Wall Street realised those companies were doomed puts Ford's future in doubt. Read the complete article…
Date: 7 March 2003
Source: just-auto.com editorial team
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