Due to fallout from the coronavirus pandemic, the automaker envisions an adjusted pretax loss of $5 billion in 2020's second quarter.
April 29, 2020—Ford lost $2 billion in the first quarter and warned investors that number will likely get larger, according to a report by CNBC.
The number is expected to top $5 billion during the second quarter. During the second quarter, the automaker plans to execute a phased reopening of domestic plants beginning as early as next month.
As of last Friday, the company had $35 billion in cash after paying its suppliers and, according to the report, that number is enough to get the company through the end of the year without any production.
Enhance your collision repair workflow with Autel’s IA900, a process-driven solution integrating precision alignment, bi-directional diagnostics, and ADAS calibration. Designed...
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Originally published by Modern Tire Dealer on Sep 4, 2024 | Written by Mike MangesTire dealers who aren't offering advanced driver assistance system (ADAS)
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