Finally, Morgan Stanley analyst Adam Jonas wrote that things are "getting medieval in Europe" and said Ford's announcement provided "a double dose of reality and politics." Jonas said "Ford enters the club of auto makers with immediate needs to address excess capacity through near-term action." In other words, the loss could pave the way for cutbacks. Jonas, meanwhile, ranks Ford as overweight with a $17 target.
Regarding TheStreet's headline, one of the most famous newspaper headlines ever was published in the New York Daily News on Oct. 30, 1975, after President Gerald Ford said in a speech that he would not approve federal funds to keep the city from filing bankruptcy. The front page headline read: "Ford to City: Drop Dead."
We don't mean it literally.
-- Written by Ted Reed in Charlotte, N.C.>To contact the writer of this article, click here: Ted Reed >To follow the writer on Twitter, go to http://twitter.com/tedreednc. >To contact the writer of this article, click here: Ted Reed