IMHO, Ford can bounce back by adapting to the type of cars the public need or want at this point in time.
Thankfully, they're doing so by making changes to their lineup
Starting with the new Fiesta (their subcompact vehicle)
Fiesta Movement In Action
Ford Motor Company president and chief executive officer Alan Mullaly (shown above)
http://www.headlightblog.com/images/...a-movement.jpg 
http://farm3.static.flickr.com/2480/...59d10d18_o.jpg http://img32.imageshack.us/img32/608...95974fa87o.jpg http://img42.imageshack.us/img42/353...b31dac375b.jpg Ford Fiesta - a set on Flickr
You can view the other pics on the net or go to fiestamovement.com to check on the individual participants and see their photos, videos, journals and blogs regarding their Ford Fiesta experience(s).
Anyhow, aside from that, the upcoming Focus for the Americas will now use the European/International version for the next model change. Plus, there is a high chance that the Ford Kuga (which is quite popular in Europe) will be produced for the Americas markets @ Ford HQ in Dearborn, Michigan, USA.
Indeed, these are the type of cars people now want (not your gas-guzzling Expeditions or F-series mammoth pickups or Lincoln Navigator or whatever). Hence, why it is important to adapt to the changing market in order to guarantee survival and success.
Just my two cents on this