The troubled Detroit-based Ford Motor Company is considering going private in an effort to turn the company around. Shares have dropped down to the US$7-8 level. [via USA Today]
This is a company that is fiercely patriotic (to America), by all accounts, as are many of their pickup truck owners, from what media seems to portray. It's too bad, though, that they turned down a deal with foreign auto companies. If the company goes private, it's going to affect a lot of banks, investment firms, and mutual funds that own shares in the company.
This is an important company to the United States, and I hope they do the right thing, to protect as many jobs as they can.
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