Ford, as foreshadowed, posts $2 billion 1Q loss, blames coronavirus

Filed under: Earnings/Financials,Plants/Manufacturing,Ford

Ford Motor Co. posted a $2 billion first-quarter net loss, blaming nearly all of it on the impact of the coronavirus outbreak. Ford's stock fell about 4.5% in after-market trading after the release of the earnings report. Chief Financial Officer Tim Stone told reporters Thursday that the company had about $35 billion in cash as of April 24, enough to sustain operations through the end of the year even if U.S. factories aren't restarted.

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Ford, as foreshadowed, posts $2 billion 1Q loss, blames coronavirus originally appeared on Autoblog on Tue, 28 Apr 2020 20:10:00 EDT. Please see our terms for use of feeds.

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