Perhaps the most important bit from that article:
Quote:
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Sensing a recession in 2006, Mulally decided to borrow $23.6 billion against Ford's assets. Piling on more debt wasn't an easy call, but the extra cash meant that Ford could say no to government loans when sales fell apart last year.
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Mulally, through a combination of foresight and luck, allowed Ford to avoid the situation that GM and Chrysler currently find themselves in.