Thursday, January 25, 2007

Ford has its largest loss in 103 years

globeandmail.com: Ford has its largest loss in 103 years

Poor Ford. They've spent decades making gas guzzling muscle cars, SUV's and huge trucks. The times have not been good to them it seems. Everyone is trying to save their own personal rain-forest or at least not go into debt trying to pay the gas bill. It looks like they dug themselves in a little deep -- 3.7 billion deep -- trying to restructure trying to meet the challenges of a world that's going to spontaneously combust any day now.

I'm starting to expect a real watershed in terms of what car companies sink and which swim in the next decade. We'll probably have a world full of cars with a max speed of 100mph that run on fairy dust and love. I'll miss you BMW and Porsche.

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