Published On: Thu, Jul 30th, 2020

Auto Giants Swing to Loss During Coronavirus-Driven Downturn



Ford Motor Co. posted a $1.9 billion operating loss in the second quarter, the latest global auto maker to report steep losses from factory closures as the pandemic’s financial fallout on the car business comes into focus.

Still, global auto makers this week said they expect profits to return in coming months—barring further factory disruptions related to Covid-19—as the restart of production has mostly gone smoothly and buyer demand has been stronger than analysts expected when the crisis hit.



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