Yes they do which leads us to this phrase:
Something Ford doesn't have to say.
You know the crap part is GM made out on that deal. Ford, although got some money, didn't get debt erased.
In the USA good ethics only pay off so long. I don't know if BK they wouldn't have come out better. Lessen debt and able to spend on new stuff like GM.
FYI I'm not in favor of BK. But it sure hasn't hurt GM. Seems like that wound lasted a couple years.