Ford Motor Company predicts $ 5 billion loss in the second quarter due to coronavirus.
American giant automotive company Ford Motor Company yesterday announced that the loss of the second quarter could more than double, from $ 2 billion to $ 5 billion due to the effects of the global epidemic. However, he added that they had enough cash for the rest of 2020.
CFO Tim Stone stated that the current economic situation is “very ambiguous” for the USA to announce its 2020 expectation of the second largest automaker.
“We cannot deny the negative economic consequences of the epidemic,” CEO Jim Hackett said.