702884.jpg
AUTO NEWS EN

AUTO NEWS – Ford’s Multi-Billion Greenback Loss Might Have HUGE Implications

Ford’s Multi-Billion Greenback Loss Might Have HUGE Implications

  • by Automobilnews.eu


In all chance, some kind of monetary long-term plan can be labored out, however there is not any doubt the continued coronavirus pandemic is a key issue right here. To assist protect money, the Blue Oval has already in the reduction of on administration and govt salaries. Slashing spending on future initiatives has additionally been initiated.

The newest instance: the joint Rivian-Lincoln luxurious EV SUV has formally been canceled. In the meantime, Ford continues to work with the United Auto Staff to get its US factories up and operating, although no agency date has been set. Ford’s market worth is now set at $20.6 billion, which is lower than the $35 billion money it has readily available. In different phrases, Ford will most likely burn by way of a good quantity of that money throughout the remainder of the 12 months till a restoration plan reveals outcomes.

advertising
AUTO NEWS – Ford’s Multi-Billion Greenback Loss Might Have HUGE Implications
Comments

TOP STORIES

To Top