GM is a ward of the U.S. Treasury, Ford never took a bailout. GM's bankrupt GMAC finance arm is another American state-run enterprise, the re-named Ally Bank.
Not sure what your point is. Are they or are they not a substantially weaker company than Ford? When comparing financials between the two one would be very hard-pressed to make a case as to why he believes that it is.
And btw, just because the Department of the Treasury has holdings in a company does not make it a "state-run enterprise." At least if you are going to make a sensational statement, try and ground some of it in reality.
And btw, just because the Department of the Treasury has holdings in a company does not make it a "state-run enterprise." At least if you are going to make a sensational statement, try and ground some of it in reality.