Hi, Guest
09-26-2007, 03:54 AM
This could be the end of the Big 3.
Many Tier 2 and 3 suppliers were on the brink of bankruptcy before, this will tip them over the edge. Lack of components will then hurt supply to Ford and DCX.
If the strike lasts a long time, GM could go under. Maybe not immediately, but it could be a mortal blow and they'll be done within a year.
If GM goes under, Tier 1's will fall too. Again, that will hurt Ford and DCX. Ford can't take much more, they only have about 20-30B left, they've mortgaged everything, and with it being hard to get credit these days, they won't be able to sell off Volvo to save FoMoCo.
I'm glad I got the f*** out while the getting was good.
Many Tier 2 and 3 suppliers were on the brink of bankruptcy before, this will tip them over the edge. Lack of components will then hurt supply to Ford and DCX.
If the strike lasts a long time, GM could go under. Maybe not immediately, but it could be a mortal blow and they'll be done within a year.
If GM goes under, Tier 1's will fall too. Again, that will hurt Ford and DCX. Ford can't take much more, they only have about 20-30B left, they've mortgaged everything, and with it being hard to get credit these days, they won't be able to sell off Volvo to save FoMoCo.
I'm glad I got the f*** out while the getting was good.