Quote:
Originally Posted by Hersbird
In some cases like say Ford or GM, you have to consider legacy liabilities in their value. So a startup car maker may not have factories but they also don't have 200,000 employees producing nothing but still collecting paychecks, and getting $5 copays on $1000 doctor visits.
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That's a good point. Legacy liability was a main reason why Ford retreated from manufacturing in Brazil.