October 21, 2020

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    Ford expects $5 billion loss in current quarter as coronavirus spreads

    Ford Motor stated on Tuesday its second-quarter loss would be more than $5 billion from $2 billion in the first quarter because of the spread of the coronavirus pandemic, but added it had enough money regardless of the crisis to last the rest of 2020. “We believe the company’s cash is enough to take us […]

    Ford logo in their auto plant

    Ford shares drop following release of fourth-quarter loss

    Investors sent Ford Motor shares skidding after the company posted a 2020 forecast, warning of higher warranty costs, lower profits at its credit arm and continued spending in future technology such as autonomous cars. Shares in Ford dropped 9.4% in after-hours trading, shaving over $3 billion off the company’s value. In comparison, electric automaker Tesla […]

    Tim Stone

    Amazon veteran Tim Stone named as Ford CFO

    Ford Motor on Thursday named Amazon.com veteran Tim Stone as chief financial officer (CFO), the automaker’s first external hire for the role in more than 70 years. Stone, 52, replaces Bob Shanks, who is going to retire at the end of 2019 after working in the company for 42 years. Stone held different financial roles […]


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