CW Detroit

Ford Loses Billions, Says It Expects To Lose $5B In The Second Quarter

/ CW50 Detroit

(CBS DETROIT) - Troubles continue for the auto-industry.

Ford Motor Company says it lost $2 billion in the first quarter of this year.

Ford expects to lose another $5 billion by the end of the second quarter.

The automaker says with no vehicles being made in April and a production start date of May financial trouble is certain during the pandemic.

© 2020 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.

First published on April 29, 2020 / 11:09 PM EDT

© 2020 CBS Broadcasting Inc. All Rights Reserved.

Read more
f

We and our partners use cookies to understand how you use our site, improve your experience and serve you personalized content and advertising. Read about how we use cookies in our cookie policy and how you can control them by clicking Manage Settings. By continuing to use this site, you accept these cookies.