Bottom Line of the Ford Financial Results: OWNERS EQUITY was + 5.628 Billion in 2007 and - 17,311 Billion at the end of 2008.
It looks to me like the "real" loss of value to the owners of $ 22.939 Billion. While it is very possible that the value of some of their assets may exceed the carrying value on the balance sheet, the conclusion that this company is on the ropes is inescapable, as presently reported.
Deals to get some of their liabilities reduced, such as with UAW pension and healthcare costs, are unavoidable. if the company is to survive.
Toyota: Examining the Solar-Car Rumors [View article]
You all need to keep things in perspective, and think of appropriate markets. Remember the "micro- loans" being made in the Third World? A couple of hundred dollars buys the needed tool and a person gains financial independence.
Think of a solar powered car the same way. A light and slow vehicle, able to go perhaps 100 miles per week, on solar power might be exactly what a rural person in Africa or Asia nees to make their life a little easier.
I'm no expert, but sometimes a little "possabilities thinking" is OK to do.
Why Ford Will Make It [View article]
It looks to me like the "real" loss of value to the owners of $ 22.939 Billion. While it is very possible that the value of some of their assets may exceed the carrying value on the balance sheet, the conclusion that this company is on the ropes is inescapable, as presently reported.
Deals to get some of their liabilities reduced, such as with UAW pension and healthcare costs, are unavoidable. if the company is to survive.
Toyota: Examining the Solar-Car Rumors [View article]
Remember the "micro- loans" being made in the Third World? A couple of hundred dollars buys the needed tool and a person gains financial independence.
Think of a solar powered car the same way. A light and slow vehicle, able to go perhaps 100 miles per week, on solar power might be exactly what a rural person in Africa or Asia nees to make their life a little easier.
I'm no expert, but sometimes a little "possabilities thinking" is OK to do.