Ford In Such Dire Financial Straits, It is Using Logo as Collateral!

As any true Ford fan should, I am watching closely how the talks with Ford and the United Auto Workers are going. By scanning a lot of the articles on the matter I learned a disturbing fact. Ford has had to borrow something like 28 billion dollars and has used everything it has as collateral...even their own logo! How much is that worth? And what would it REALLY be worth if Ford goes under? I knew Ford was on thin ice financially, but that really shows to me how much worse it is there than at GM. (General Motors at least has booming Chinese operations to keep the Yuan flowing in. The Yuan is Chinese Currency...Read the newspaper!)

Apparently the latest is that Ford is using the closure of six of its plants as a bargaining chip with the UAW. Sort of as a "We won't close this plant, if you take on more of the responsibility for health care and give us other concessions." I wonder how well these talks will go, considering the fact that Ford seems to need more concessions than GM and, heaven help them, Chrysler Corp. LLC. or whatever the heck they are called now. What do you think?  

Yeah, I knew about them putting up the logo as collateral. I think Ford definitely has some good things going for them, but their brilliance isn't across-the-board. I saw the new Flex at the SEMA show, and really liked it. I think it will be popular. They also had some tarted-up '08 Focuses (Foci?) and they looked dorky. Especially with rear drums (the only kind you can get now.) Yes, Sync is cool, but add-on geegaws can't cover up for a stale, outdated design. They had better start coordinating product development worldwide, like GM is, and offer the best they have in domestic showrooms.