"Ford's Tricky Road Ahead"
From the Wall Street Journal,Honor is the reward of virtue, but what's it worth to investors?
This is the question faced by Ford Motor. Unlike rivals General Motors and Chrysler, Ford escaped the ignominy of Chapter 11. The company rightly has gained kudos for tapping debt markets before they closed and securing concessions from bondholders, labor and dealers without resorting to bankruptcy. In terms of U.S. market share, Ford has seen the biggest gain of any major brand during the past 12 months of turmoil, according to Barclays Capital.
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