Before going back to Washington for a second case for a federal bailout, Ford presents dreary sales figures

Ford said the Ford, Lincoln and Mercury light truck sales were off 29 percent compared with November 2007, while the three brands' car sales were down 32 percent.
Toyota US sales fall 34 pct, Ford drops 31 pct
The annual sales rate of 10.6 million vehicles was the worst in more than 25 years and far below the rate of 16 million in 2007.
General Motors November sales down 41 percent.

Ford will release its restructuring plan and ask for a $9 billion loan in Washington.
Today is deadline day for Detroit's Big Three, they have to go back to Congress and present their plans for $25 billion bailout help.
General Motors could collapse by the end of the year and said it needs an immediate injection of $4 billion and will need as much as $18 billion in loans over the next year. Chrysler could suffer a similar fate and asked for a $7 billion loan before the end of the year, and Ford asked for a $9 billion line of credit but took pains to emphasize that it might not need it.
According to some experts the Big 3 need actually at least $100 billion.
So we will see a merger or a bankruptcy in the coming months.
GM exec rules out bankruptcy, says industry has effective retooling plan to give to Congress

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Ford Motor Company Business Plan - Submitted to the Senate Banking Committee


Press Release - Ford Motor Company Submits Business Plan to Congress; Profit Target, Electric Car Strategy Among New Details