We expect Ford to eventually reach an agreement with the United Auto Workers union similar to that announced by General Motors Corp. that could result in a substantial reduction of Ford's burdensome health care costs in the long term.
Ford has experienced a marked deterioration in its pension funding levels due to poor investment portfolio performance,
General Motors and Ford Motor Co. are being challenged operationally and financially in North America as never before.
If GM got all the benefits of a Chapter 11, that would leave Ford in a situation that certainly couldn't be stable.