Fuel Efficiency or Bankruptcy

Fuel Efficiency or Bankruptcy

An article recently stated that Ford Motor Company is facing a financial crisis and could be on the verge of bankruptcy. The Company faces this crisis because they are unable to compete with the Japanese car manufactures. Ford has not been able to keep up with the technology advances and with the slowing economy and the rising gas prices Ford trucks and SUV s have been on the decline. The company has now asked to be apart of the 700 billion dollar bailout. I don't think it is smart to bailout and reward a company who is not willing to be apart of the solution to our current energy crisis. I also can't help to think about the thousands of workers and families that will suffer due to Ford's lack of technology development. It might be worth bailing out Ford for the workers sake but I don't think it is wise to reward a company for not being able to compete with innovative car manufactures. If there is a bail out of Ford and other American companies there needs to be reorganization of the companies management and priorities.