) on Thursday said it expects a full-year loss but added it should have ample cash on hand throughout the rest of 2020, even if global demand falls further or the COVID-19 pandemic forces more shutdowns of vehicle assembly plants.
The No. 2 U.S. automaker also said that on July 27 it repaid $7.7 billion of an outstanding $15.4 billion on its revolving credit facilities, and extended $4.8 billion of its three-year revolving credit lines. The better-than-expected results and earnings outlook sent Ford’s shares up 4% in after-market trading.
In April, Ford warned that its second quarter loss would more than double to more than $5 billion due to the coronavirus outbreak.
Release the hybrid Ford Bronco!
Most businesses will be posting losses.. My own companies is down 70% from the same point as last year
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