Ford Motor Co. (F) has a very creative story about how debt will be restructured and breakeven or profibility is coming in 2011.  If you believe this then tell the Easter Bunny "Hi" for me.  Ford is still operating without government aid, but they aren't selling any cars and won't be for the foreseeable future.  Even Toyota is struggling and losing money... You know what that means for Ford... Take a ride in your F-150 all the way to zero.  There's a better four-letter word that starts with F to describe the situation.

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Toyota Motor Corp. lost 765.8 billion yen (that's $7.7 billion) in the first quarter... its worst fiscal year since the Japanese automaker was founded in 1937.  They even lost more than General Motors.  Not a small feat.

Toyota warned today that because of the global auto slump its net loss would deepen throughout the rest of 2009 and into 2010.  If the companies making quality cars are struggling then how is GM supposed to survive?  More trouble ahead for the automakers.

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