Ford posts $2 billion first-quarter loss amid coronavirus [MSN Money]
Ford Motor Company (F)
Last ford motor company earnings: 4/28 04:09 pm
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Source: MSN Money
Ford Motor on Tuday posted a $ billion first-quarter loss due to the impact of the coronavirus pandemic and said it expected its loss in the second quarter to more than double as it weathers a shutdown of its North American plants.© Reuters / Brdan McDermid"We believe the company's cash is sufficit to take us through the d of the year, ev with no additional vehicle wholal or financing actions," Chief Financial Officer Tim Stone said in a statemt.Load ErrorFord had preannounced the pandemic-fueled loss earlier this month. That warning came the same day the Dearborn, Mich., company raised $8 billion from corporate debt invtors.Last month, Ford moved to hoard cash on its balance sheet, drawing down $5. billion from two credit lin and suspding its dividd, in a move to bolster rerv to ride out damage to its busins. It also abandoned its 00 financial forecast.Virtually all U.S. automotive production ground to a halt in March as the number of COVID-9 infections grew rapidly. However, with Pr
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News
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F
Earnings
- 10/23/25 - Beat
F
Sec Filings
- 12/3/25 - Form 4
- 12/3/25 - Form 4
- 12/3/25 - Form 4
- F's page on the SEC website