Ford releases statement on Chrysler’s bankruptcy

Last week on April 30th, we were pretty busy focusing on the Chapter 11 filing by Chrysler that we didn’t bother doing our daily rounds of other auto manufacturer media sites. Nonetheless, today we came across Ford’s statement on Chrysler’s bankruptcy.

The most significant line in the whole statement:

“At this time, we do not expect any disruptions to our operations as a result of today’s news.”

You can read the full statement in the press release posted after the jump.

Press Release:


DEARBORN, Mich., April 30, 2009 – Today’s announcement that Chrysler is filing for Chapter 11 bankruptcy is an important development during this unprecedented period for the auto industry and the global economy.

Our teams are monitoring the situation and have been working hard for months to ensure that the external environment and industry restructuring do not slow progress on our Ford transformation plan, which remains solid and unchanged.

Importantly, we share President Obama’s hope that Chrysler’s bankruptcy will be controlled and quick, while we continue planning for all contingencies as a prudent business measure. Our industry is highly interdependent, and the health of the supply base and dealer network is critical for all automakers. Ford appreciates that the U.S. Automotive Task Force is focused on the stability of the supply chain and is committed to ensuring that a healthy U.S. auto industry emerges from this difficult economic period.

At this time, we do not expect any disruptions to our operations as a result of today’s news.

All of us at Ford remain absolutely committed to continuing to make progress on our transformation plan. Our greatest opportunity is to create ONE Ford, leveraging our global assets and delivering more high-quality, fuel efficient vehicles that customers want and value.

– By: Omar Rana