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04-28-2020, 07:55 PM
Filed under: Earnings/Financials (https://www.autoblog.com/category/earnings-financials/),Plants/Manufacturing (https://www.autoblog.com/category/plants-manufacturing/),Ford (https://www.autoblog.com/ford)
https://o.aolcdn.com/images/dims3/GLOB/legacy_thumbnail/800x450/format/jpg/quality/85/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-images/2020-04/ba9a8de0-89ad-11ea-bfbf-1053473ff4ee 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.Continue reading Ford, as foreshadowed, posts $2 billion 1Q loss, blames coronavirus (https://www.autoblog.com/2020/04/28/ford-2-billion-1q-loss/)
Ford, as foreshadowed, posts $2 billion 1Q loss, blames coronavirus (https://www.autoblog.com/2020/04/28/ford-2-billion-1q-loss/) originally appeared on Autoblog (https://www.autoblog.com) on Tue, 28 Apr 2020 20:10:00 EDT. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
Permalink (https://www.autoblog.com/2020/04/28/ford-2-billion-1q-loss/) | Email this (https://www.autoblog.com/forward/2228350/) | Comments (https://www.autoblog.com/2020/04/28/ford-2-billion-1q-loss/#comments)
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https://o.aolcdn.com/images/dims3/GLOB/legacy_thumbnail/800x450/format/jpg/quality/85/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-images/2020-04/ba9a8de0-89ad-11ea-bfbf-1053473ff4ee 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.Continue reading Ford, as foreshadowed, posts $2 billion 1Q loss, blames coronavirus (https://www.autoblog.com/2020/04/28/ford-2-billion-1q-loss/)
Ford, as foreshadowed, posts $2 billion 1Q loss, blames coronavirus (https://www.autoblog.com/2020/04/28/ford-2-billion-1q-loss/) originally appeared on Autoblog (https://www.autoblog.com) on Tue, 28 Apr 2020 20:10:00 EDT. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
Permalink (https://www.autoblog.com/2020/04/28/ford-2-billion-1q-loss/) | Email this (https://www.autoblog.com/forward/2228350/) | Comments (https://www.autoblog.com/2020/04/28/ford-2-billion-1q-loss/#comments)
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