Ford Posts A Big Loss And Construction Workers Will Soon Resume Work
On today's show, some coronavirus-related automotive news for you. Ford posted a hefty, $2 billion loss for the first quarter, blaming it on the coronavirus and related production shutdowns. It also said the second quarter will be far worse, when it expects to post a $5 billion pre-tax loss. Lincoln also made a surprise announcement that it's canceling plans to develop its first electric vehicle with EV startup Rivian because of the "current environment," with production shut down and cash leaking like a sieve at the parent company.
Also today:
The construction industry is expected to be…
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