Ford expects coronavirus shutdown to cause $600 million quarterly loss - Motorgen - Automotive Events, Meets, Cruises and Forums

RSS Reader · 04-13-2020, 03:50 PM

The news sent Ford's shares down more than 5% in morning trading. Only Ford’s joint ventures in China, where the COVID-19 pandemic has been receding, are currently producing vehicles. Asked whether Ford would apply for loans from the U.S. government or the Federal Reserve to sustain its operations for longer if needed, a spokesman for the automaker said that unlike during the Great Recession - when financing dried up - there is still plenty of liquidity in the capital markets.Continue reading Ford expects coronavirus shutdown to cause $600 million quarterly loss
Ford expects coronavirus shutdown to cause $600 million quarterly loss originally appeared on Autoblog on Mon, 13 Apr 2020 14:15:00 EDT. Please see our terms for use of feeds.

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