Well it would take alot of time going through the income statements and balance sheets, and while it would help the numbers, the US automakers still likely wouldn't be seen as a profitable business and likely would not be able to reach the type of profitability and management ratios that Toyota, Honda, Nissan et al reach. While Ford has some newer production facilities with newer technology in areas of lower operating expenses (cough... China), I believe GM and Chrystler are still using shops from the 60's and my guess is it would take a pretty large injection of capital just to get GM and Chrystler (and how much of Ford?) up to par.
As I said, when you look at Ford, GM and Chrystler, I think there has to be some separation between looking at it as a stock and looking at it as a business. Those making the decision have to look at the longativity of the big 3 and ask if this is a type of business that can survive 20 years or 100 years on their own 2 legs. And what do you look for when you look at the health of a business? In almost every single aspect, the big 3 fail.
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