USA: Most analysts give Ford a fighting chance - paper
Without "a material change" in the industry's business model, General Motors and Ford face a crisis that "will involve restructuring, consolidation, or possibly even mergers with other partners," John Casesa, an auto analyst at Merrill Lynch, told the New York Times (NYT) in an interview. In a Friday article looking at the financial state of Ford and GM, the NYT noted that Gary Lapidus of Goldman, Sachs wrote in a recent report entitled "Motown Breakdown" that "the status quo may be untenable." Sean Egan, an analyst at the independent credit rating agency Egan-Jones, was even more pointed recently, saying Ford would be bankrupt if not for its blue- chip brand name, the paper added, noting that these are lean times for the Big Three, though Chrysler at least has its German parent, DaimlerChrysler, to lean on.
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