I still think it's unlikely, ... I think GM has the liquidity it needs. In addition to the cash, it has $50 billion in untapped borrowing.

It's a footnote, ... I think it's a minor help to Ford's cash position. I suppose anytime you get about a quarter of a billion dollars it's welcome, but it doesn't change the big picture.

You have an earnings penalty and a cash benefit, neither of which is overwhelming.

In the light of the fact that GM burned through $7bn in cash last year, it was clear additional urgent action was required.

Ford would welcome the cash for liquidity purposes, to help provide for large unfunded pension liabilities and for research and development.

Ford is in the intolerable position of having too many plants and too many people, ... Cost cutting needs to come before the end of the year -- layoffs, plant closings, that sort of ugly stuff.