(Bloomberg) — Ford Motor Co.’s sagging stock fell further after the automaker forecast a more than $5 billion second-quarter operating loss due to the coronavirus pandemic’s blow to the global car industry.Volumes will decline significantly in every region during the three months ending in June, and the economic environment is too unclear to give full-year guidance, the second-largest U.S. automaker said Tuesday. Ford shares fell as much as 7.4% in late trading after closing down 42% year-to-date.The economic crisis caused by the pandemic is devastating Ford’s efforts to recover from three consecutive annual earnings declines. Chief Executive Officer Jim Hackett’s …read more
Source:: Yahoo Finance
