Ford expects $5 billion loss in current quarter as coronavirus hits demand [Reuters]
Ford Motor Company (F)
Last ford motor company earnings: 4/28 04:09 pm
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Source: Reuters
Ford expects $5 billion loss in current quarter as coronavirus hits demand DETROIT (Reuters) - Ford Motor Co ( F.N ) said on Tuesday its second-quarter loss would more than double to over $5 billion from $2 billion in the first quarter due to the impact of the coronavirus pandemic, but added it had enough money despite the crisis to last the rest of 2020. “We believe the company’s cash is sufficient to take us through the end of the year, even with no additional vehicle wholesales or financing actions,” Chief Financial Officer Tim Stone said in a statement. But he called the current economic environment “too ambiguous” for the No. 2 U.S. automaker to give a full-year 2020 earnings forecast. “There’s no denying the negative economic consequences of a pandemic,” Chief Executive Jim Hackett said on a conference call with analysts. The Dearborn, Michigan-based company has slashed costs during the COVID-19 outbreak to weather the shutdown, including cutting salaries of executives and whi
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News
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- Trump says he will roll back fuel efficiency standards for vehicles [MSNBC.com]MSNBC.com
- Trump rolls back Biden-era fuel economy standards, paving way for more gas-powered cars [Yahoo! Finance Canada]Yahoo! Finance Canada
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Earnings
- 10/23/25 - Beat
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Sec Filings
- 12/3/25 - Form 4
- 12/3/25 - Form 4
- 12/3/25 - Form 4
- F's page on the SEC website