Ford to restart European manufacturing on May 4, but no date yet for North American facilities [Toronto Globe and Mail (Ontario, Canada)]
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Source: Toronto Globe and Mail
Ford to restart European manufacturing on May 4, but no date yet for North American facilities Employee vehicles sit in the parking lot outside the Ford assembly plant in Oakville, Ont., on March 19, 2020. Nathan Denette/The Canadian Press Employee vehicles sit in the parking lot outside the Ford assembly plant in Oakville, Ont., on March 19, 2020. Investors already know how the coronavirus outbreak has hurt Ford Motor Co’s bottom line, so when the automaker releases first-quarter results on Tuesday they will focus on how and when Ford plans to restart North American operations. Ford said on April 17 that the outbreak would result in an estimated first-quarter loss of about $2 billion. That warning came the same day the Dearborn, Michigan-based company raised $8 billion from corporate debt investors. Last month, Ford moved to hoard cash on its balance sheet, drawing down $15.4 billion from two credit lines and suspending its dividend, in a move to bolster reserves to ride out damag
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