All things considered, their earnings held up better than expected. But their cash flow was worse than expected. They have to pay their suppliers for parts, but they have no revenue coming in. It looks like they're burning off about $2 billion a month. That's a lot. |
By not admitting a flaw, Bridgestone will probably try to avoid paying for any of the recall unless the government forces it to. |
GM can't hold out much longer beyond this week. |
The integration of Daimler and Chrysler is a big challenge and the integration of a third partner would have been extremely difficult. |
This is another blow to Ford's reputation. |