Our Friends in Ontario Canada

I've been told that the stretch of Ontario Canada between Detroit and Toronto accounts for more than 75% of Canadian GNP.  All of the Big Three have plants and suppliers there.  The Canadian national and Ontario provincial government are being solicited for and  are considering their own loan package to the domestic auto makers.

Important note:  Ford is only asking for the credit lines in case the financial situation worsens.  The other two have stated publicly  that they will be bankrupt before the first of the year if they don't get help now.

Yesterday the front page photo of the Wall Street Journal was of the CEO of General Motors, with his face in his wrinkled hands.  Boy is that going to make me go out and buy GM stock, or maybe a GM vehicle.  Ford's CEO.....as of May the Ford family held less than 4% of the stock while controlling 40% of the comany.  What does that mean?

Here is the best, most recent analysis that I have found on the Big Three and it notes that Ford is rolling out a number of new vehicles at the LA Auto Show while GM and Chrysler are not. 

Yesterday, gas was still as low as $1.57, but until drivers forget it was at $4.00 over the 4th of July, I think they are going to buy hybrids as insurance.  Ford stock is at $2.65.