Society of Manufacturing Engineers: Ford Motor Says Second-Quarter Loss Will Worsen After First-Quarter Deficit
April 30, 2020
April 30, 2020
DEARBORN, Michigan, April 30 -- The Society of Manufacturing Engineers issued the following news release:
Ford Motor Co. said that its second-quarter loss will widen to more than $5 billion before interest and taxes as the automaker seeks to recover from the novel coronavirus (COVID-19).
The Dearborn, Mich.-based automaker posted a first-quarter deficit of $632 million before interest and taxes. The company reported a net loss of $1.99 billion, or 50 cents a share. That . . .
Ford Motor Co. said that its second-quarter loss will widen to more than $5 billion before interest and taxes as the automaker seeks to recover from the novel coronavirus (COVID-19).
The Dearborn, Mich.-based automaker posted a first-quarter deficit of $632 million before interest and taxes. The company reported a net loss of $1.99 billion, or 50 cents a share. That . . .