Sean Egan of the Egan-Jones ratings agency – the firm which accurately predicted the demise of WorldCom and Enron – has painted the gloomiest of pictures after analysing the blue oval's books.
Dismissing Bill Ford's recovery plan as being insufficient to turn around the company, Mr Egan says: "If it didn't have the name Ford, it would be in bankruptcy right now.”
Mr Egan says Ford's survival is dependent on investors remaining supportive.
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