Ford releases statement regarding GM’s bankruptcy, doesn’t expect major disruptions in operations

Ford Motor Co. has released its statement regarding GM’s filing for Chapter 11 bankruptcy. While many analysts are saying that the bankruptcy filings of GM and Chrysler will eventually have a ripple effect on Ford and the rest of the auto industry, Ford is assuring its investors, customers and employees that it does “not expect many major disruptions” to its operations.

It said that Ford’s team will continue to monitor the industry environment and will plan for any changes to ensure its transformation plan remains on track.

“We share President Obama’s hope that GM’s bankruptcy will be controlled and orderly, and we continue to believe it is important that our governmental leaders and the U.S. Automotive Task Force remain focused on the stability of the supply chain and on ensuring that a healthy U.S. auto industry emerges from this difficult economic period,” the Dearborn automaker said in a statement.

Speaking to the very unhappy U.S. taxpayers, Ford said that it remains committed to continuing its transformation plan without accessing any assistance from the U.S. government.

Ford emphasized to keep an eye out for its upcoming vehicle lineup. Joining the 2010 Ford Fusion, 2009 Ford F-150, 2010 Lincoln MKX and the MKZ will be the new 2010 Ford Taurus, Lincoln MKT and the 2010 Transit Connect.

– By: Omar Rana