Throughout the agonizing collapse of the domestic auto industry, Ford Motor Co. has been a shining example of how not to do things wrong.
Chrysler LLC is bankrupt. General Motors has been fast approaching that state. Both are living from day to day on handouts (OK, loans if you prefer) from the federal government.
Only Ford has kept its head above water. Like GM and Chrysler, it is losing money hand over fist ($1.4 billion in the first quarter of this year). But it has not had to beg Big Daddy (the government) for money to keep the doors open.
And Ford has hung on to its finance company. GM and Chrysler have not. Credit is at the heart of auto sales.
Ford's car and truck sales have declined significantly, as have the sales of GM and Chrysler. But there is no question that Ford is the healthiest of the three Detroit manufacturers.