https://youtu.be/VWY9S-uKU-4?si=SU-kG9qHKEum5TW7
2 replies (most recent on top)
He should have said "A cascade of Studebaker type failures." Where you slowly lose the ability to re-invest. That really is the Titanic Option. Yeah she'll leave port - but she'll never arrive as a relevant and competitive company. Until the debt overtakes her and then, there will be no more.
Ford CEO Warns UAW Proposal May Lead to Bankruptcy - MSN article.