Le Bailout: Ford Is Against It

Stephen Odell, CEO of Ford Europe, thinks that state aid of ailing carmakers is a dead-end street. Odell told Reuters: "I don't think it's sustainable for support from governments to keep competitive companies going forward, particularly in a protracted downsized economy." Odell also said that some automakers question the legality of Peugeot government bailout. Germany's state of Lower Saxony, second largest Volkswagen shareholder, already announced steps against the bailout. from The Truth About Cars http://www.thetruthaboutcars.com

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