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| Permalink View Article Stats (2 comments) GM, Ford On Verge of Bankruptcy Quicklink submitted by Rob Kall (Add your own quicklinks easily with the OpEdNews Quick Link Browser bookmark) |
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| GM and Ford Motor Co., the two biggest U.S. automakers, have about a 46 percent chance of default within five years, according to Edward Altman, a finance professor at NYU's Stern School of Business. ''Both are in very serious shape and the markets reflect that,'' Altman, the creator of the Z-score mathematical formula that measures bankruptcy risk, said the model shows that these companies are on the verbe of bankruptcy |
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Ford
by Mike Folkerth on Wednesday, Jul 23, 2008 at 10:56:29 AM
It IS the "pyramid scheme"
by waldopaper on Wednesday, Jul 23, 2008 at 1:46:13 PM