GM, Ford and Chrysler are in survival mode [CNNMoney.com]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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Source: CNNMoney.com
GM, Ford and Chrysler are in survival mode New York (CNN Business) This month, fewer cars will be built in the United States than at any time since World War II. Auto production has ground to a near total halt because of the coronavirus outbreak. That's only half of the auto industry's problem: Customers aren't buying nearly as many new cars , despite attractive offers from automakers, such as interest-free seven-year loans and six months of no payments. New car sales in the United States are forecast to fall more than 50% in the second quarter. "First and foremost, the shelter-in-place orders have created an environment where there are going to be very few sales going on in much of April, and into May," said John Murphy, auto analyst at Bank of America-Merrill Lynch. "Consumer confidence has been so shell shocked, that any discretionary purchases will be delayed." Forecasts of biggest sales drop on record Read More A 50% decline in sales would be th
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BAC
Earnings
- 10/15/25 - Beat
BAC
Sec Filings
- 12/5/25 - Form 4
- 12/5/25 - Form 424B2
- 12/4/25 - Form 424B2
- BAC's page on the SEC website