Ford’s Multi-Billion Greenback Loss Might Have HUGE Implications
- by Automobilnews.eu
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.