There is still a lot of work to do beyond the Ford agreement. The scale of restructuring in the industry is just enormous. It is going to take time, take some aggressive actions, and it is going to be expensive.
The last couple of days illustrate that there is a lot of work to do at this company and it's debatable whether it's actually doable outside bankruptcy court. I don't think it is.
If you look at the total compensation package, it's close to $125,000 to $130,000 per year. If you have UAW workers making $130,000 to assemble oil filters, it's very difficult to turn a profit.