More like 10 years ago. Your information is about 6 years out of date. They sold or suspended money losing brands like Jaguar, Land Rover, and Volvo. They refin

More like 10 years ago. Your information is about 6 years out of date. They sold or suspended money losing brands like Jaguar, Land Rover, and Volvo. They refinanced the company back in 2005 by selling their factories and renting it back from the new owners. Nothing changed, just the title on the deed, and they were hundreds millions of dollars richer. At the congressional autos bailout hearing they were there to to support GM and Chrysler in acquiring TARP loans. Because if either of those companies failed it would send a shockwave in the supply chain. > Even better would be to sell the company to its employees. That has worked very well for similar companies. American Airlines is employee owned and that has worked out smashingly, not! $190B assets / 170k employees = $1.11mm/employee. I doubt the average line worker has that kind of money on hand.