be very aware of this news - it has a major bearing on market confidence - more important than the price of oil and copper now.
The carmakers are burning through cash reserves as vehicle sales plummet, and some analysts fear that GM could be forced to seek bankruptcy protection without government intervention.
Mr Mulally said that while his company is not in as much danger as GM, a collapse of its rival would be felt by Ford's operations "within days, if not hours." He said the auto industry is unique in that competing manufacturers are served by the same parts suppliers.
"A collapse of one of our competitors here would have a ripple effect across all auto makers, suppliers and dealers," Mr Mulally said in prepare testimony, saying millions of jobs could be lost.
FULL STORY
http://www.theaustralian.news.com.au/business/story/0,28124,24674416-643,00.html
triangle of doom?, page-41
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BHP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$38.81 |
Change
-0.530(1.35%) |
Mkt cap ! $196.9B | |||
| Open | High | Low | Value | Volume |
| $38.65 | $38.86 | $38.46 | $405.6M | 10.48M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 13092 | $38.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.84 | 500 | 1 |
View Market Depth
| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| BHP (ASX) Chart |