Ford

I think I have this right:  Ford is raising $18 billion, mortgaging everything everywhere, in order to spend $17 billion in a restructuring to stop its current revenue loss of close to $10 billion a year.  38,000 employees, a startling percentage of Ford's workforce, have headed for the exit, taking Ford's buyout offer.  [This is a class action suit waiting to happen. Those that have left will sue if the company does well (company lied) and those that remain will sue it if does not (company lied).]  So the new creditors are betting that Ford will service the new debt with its new profits generated after the turnaround that will follow the restructuring.  Its new products that will produce the profit look like Lexus knockoffs (the knockoff strategy worked for Japan in the 70s).  I hope the creditors will enjoy running their new automobile company in a year or two.  I will take the Jaguar division if they want to sell it for a couple of bucks plus an assumption of its obligations.